Insider Selling: Londonmetric Property PLC (LON:LMP) Insider Sells 21,723 Shares of Stock

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Londonmetric Property PLC (LON:LMP) insider Martin McGann sold 21,723 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of GBX 209 ($2.73), for a total value of £45,401.07 ($59,324.54).

Shares of LON:LMP traded up GBX 1.20 ($0.02) during midday trading on Friday, reaching GBX 212.20 ($2.77). 1,345,098 shares of the company’s stock traded hands, compared to its average volume of 1,270,000. The company has a market capitalization of $1.77 billion and a P/E ratio of 12.41. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 46.06. Londonmetric Property PLC has a one year low of GBX 171.50 ($2.24) and a one year high of GBX 216.40 ($2.83). The stock’s 50 day moving average price is GBX 206.83.

The company also recently announced a dividend, which was paid on Thursday, July 11th. Shareholders of record on Thursday, June 6th were issued a GBX 2.50 ($0.03) dividend. This is an increase from Londonmetric Property’s previous dividend of $1.90. The ex-dividend date of this dividend was Thursday, June 6th. This represents a yield of 1.24%. Londonmetric Property’s dividend payout ratio is currently 0.58%.

Several research firms have commented on LMP. Barclays boosted their target price on Coupa Software from $95.00 to $101.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 4th. They noted that the move was a valuation call. Morgan Stanley boosted their target price on TELUS from C$53.00 to C$55.00 in a report on Thursday, March 14th. Liberum Capital reissued a “hold” rating on shares of Londonmetric Property in a report on Thursday, May 23rd. Peel Hunt lowered their price target on Biffa from GBX 264 ($3.45) to GBX 252 ($3.29) and set a “buy” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada upped their price target on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an “outperform” rating in a report on Monday, June 24th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 207 ($2.70).

Londonmetric Property Company Profile

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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