Land Securities Group plc (LON:LAND) shares fell 1.4% during mid-day trading on Wednesday . The company traded as low as GBX 983.40 ($13.34) and last traded at GBX 983.40 ($13.34). 1,536,972 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 3,030,000 shares. The stock had previously closed at GBX 997 ($13.52).
A number of brokerages have recently issued reports on LAND. Liberum Capital raised shares of Land Securities Group to a “buy” rating and lifted their price objective for the stock from GBX 1,050 ($14.24) to GBX 1,125 ($15.26) in a research report on Monday. Goldman Sachs Group reaffirmed a “neutral” rating and issued a GBX 1,114 ($15.11) price objective on shares of Land Securities Group in a research report on Wednesday, September 27th. Beaufort Securities reaffirmed a “long term buy” rating and issued a GBX 1,150 ($15.60) price objective on shares of Land Securities Group in a research report on Friday, October 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 1,200 ($16.27) price objective on shares of Land Securities Group in a research report on Wednesday, November 15th. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 1,150 ($15.60) price objective on shares of Land Securities Group in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Land Securities Group currently has a consensus rating of “Hold” and a consensus target price of GBX 1,093.15 ($14.82).
The firm has a market capitalization of $7,230.00 and a PE ratio of 4,055.83.
Land Securities Group (LON:LAND) last posted its quarterly earnings data on Tuesday, November 14th. The company reported GBX 25.70 ($0.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 26.60 ($0.36) by GBX (0.90) (($0.01)). The company had revenue of £366 million for the quarter. Land Securities Group had a negative return on equity of 0.61% and a negative net margin of 8.59%.
The business also recently disclosed a dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, November 30th were given a dividend of GBX 9.85 ($0.13) per share. This represents a yield of 1.07%. The ex-dividend date was Thursday, November 30th.
In other Land Securities Group news, insider Robert Noel bought 18,365 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average price of GBX 933 ($12.65) per share, with a total value of £171,345.45 ($232,364.32). Also, insider Martin F. Greenslade bought 8,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average cost of GBX 924 ($12.53) per share, with a total value of £73,920 ($100,244.10).
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Land Securities Group Company Profile
Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and the London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.
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