LondonMetric Property (LON:LMP) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

LondonMetric Property Plc (LON:LMP)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 195.96 ($2.43) and traded as low as GBX 178.20 ($2.21). LondonMetric Property shares last traded at GBX 178.90 ($2.22), with a volume of 2,529,639 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of LondonMetric Property in a research report on Tuesday, September 24th.

LondonMetric Property Trading Down 0.5 %

The stock has a market capitalization of £3.65 billion, a price-to-earnings ratio of 1,626.36, a PEG ratio of 3.27 and a beta of 0.90. The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.81 and a current ratio of 0.68. The business has a 50-day moving average of GBX 186.83 and a 200-day moving average of GBX 195.96.

LondonMetric Property Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, December 5th will be paid a GBX 2.85 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 1.5%. LondonMetric Property’s dividend payout ratio is presently 10,000.00%.

About LondonMetric Property

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.