Royal Bank of Canada initiated coverage on shares of Londonmetric Property (LON:LMP) in a research report released on Tuesday, April 16th, ThisIsMoney.Co.Uk reports. The firm issued a sector performer rating and a GBX 200 ($2.61) target price on the stock.
LMP has been the subject of a number of other research reports. Liberum Capital reaffirmed a hold rating on shares of Londonmetric Property in a research note on Wednesday, April 3rd. Peel Hunt reaffirmed an add rating on shares of Londonmetric Property in a research note on Wednesday, April 3rd. Morgan Stanley upped their price objective on shares of Londonmetric Property from GBX 190 ($2.48) to GBX 200 ($2.61) and gave the company an equal weight rating in a research note on Thursday, March 14th. Finally, Barclays dropped their price objective on shares of Londonmetric Property from GBX 200 ($2.61) to GBX 195 ($2.55) and set an overweight rating for the company in a research note on Friday, February 15th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Londonmetric Property presently has a consensus rating of Hold and an average price target of GBX 192.75 ($2.52).
LON:LMP traded up GBX 1 ($0.01) during midday trading on Tuesday, reaching GBX 203 ($2.65). The stock had a trading volume of 1,455,673 shares, compared to its average volume of 1,270,000. The firm has a market cap of $1.41 billion and a price-to-earnings ratio of 7.63. The company has a debt-to-equity ratio of 56.62, a current ratio of 1.24 and a quick ratio of 1.20. Londonmetric Property has a 12-month low of GBX 171.50 ($2.24) and a 12-month high of GBX 205 ($2.68).
The company also recently declared a dividend, which was paid on Wednesday, April 17th. Investors of record on Thursday, March 14th were given a dividend of GBX 1.90 ($0.02) per share. This represents a dividend yield of 1%. The ex-dividend date was Thursday, March 14th. Londonmetric Property’s dividend payout ratio is currently 0.30%.
About Londonmetric Property
LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. It focuses on strong and growing income and enhancing capital values. LondonMetric has 13 million sq ft under management.
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