Land Securities Group plc (LAND) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Land Securities Group plc (LON:LAND) have received an average rating of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 920.44 ($12.03).

LAND has been the topic of several recent analyst reports. Liberum Capital reaffirmed a “buy” rating on shares of Land Securities Group in a research note on Friday, February 8th. Royal Bank of Canada initiated coverage on Land Securities Group in a research note on Tuesday, February 12th. They issued an “outperform” rating and a GBX 1,125 ($14.70) price target on the stock. Peel Hunt reaffirmed a “hold” rating on shares of Land Securities Group in a research note on Tuesday, February 19th. Morgan Stanley boosted their price target on Land Securities Group from GBX 970 ($12.67) to GBX 990 ($12.94) and gave the company an “equal weight” rating in a research note on Thursday, March 14th. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of Land Securities Group in a research note on Tuesday, March 19th.

In related news, insider Nicholas Cadbury acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average cost of GBX 888 ($11.60) per share, with a total value of £26,640 ($34,809.88).

LAND stock traded down GBX 2.80 ($0.04) during trading on Thursday, hitting GBX 843 ($11.02). The company had a trading volume of 1,678,956 shares, compared to its average volume of 2,210,000. The company has a debt-to-equity ratio of 38.12, a current ratio of 0.43 and a quick ratio of 0.37. The firm has a market cap of $6.25 billion and a price-to-earnings ratio of -52.36. Land Securities Group has a fifty-two week low of GBX 784.20 ($10.25) and a fifty-two week high of GBX 967.10 ($12.64).

The business also recently disclosed a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be paid a dividend of GBX 11.60 ($0.15) per share. The ex-dividend date is Thursday, September 5th. This represents a dividend yield of 1.32%. Land Securities Group’s dividend payout ratio (DPR) is presently -2.80%.

About Land Securities Group

At Landsec, we believe great places are for people to experience and are made with the experience of great people. Across 24 million sq ft of real estate and a portfolio valued at £14.1 billion, we own and manage some of the most successful and recognisable assets in the country. In London, our portfolio totals more than £7.8 billion, and consists of 6.4 million sq ft of real estate.

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Analyst Recommendations for Land Securities Group (LON:LAND)

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