Beaufort Securities Reiterates Buy Rating for Land Securities Group plc (LAND)
Land Securities Group plc (LON:LAND)‘s stock had its “buy” rating reiterated by stock analysts at Beaufort Securities in a research note issued on Friday, Analyst Ratings.Net reports.
In other news, insider Greenslade,Martin F acquired 1,559 shares of the stock in a transaction on Monday, December 7th. The shares were purchased at an average price of GBX 577 ($8.22) per share, for a total transaction of £8,995.43 ($12,815.83).
Land Securities Group plc (LON:LAND) traded down 1.0055% during trading on Friday, hitting GBX 1083.0000. 1,185,318 shares of the stock were exchanged. Land Securities Group plc has a 1-year low of GBX 1,048.00 and a 1-year high of GBX 1,363.00. The stock’s market cap is GBX 8.55 billion. The firm’s 50 day moving average price is GBX 1,149.29 and its 200-day moving average price is GBX 1,243.87.
The firm also recently declared a dividend, which will be paid on Friday, April 8th. Investors of record on Thursday, March 10th will be paid a GBX 8.15 ($0.12) dividend. This represents a yield of 0.76%. The ex-dividend date of this dividend is Thursday, March 10th.
Several other equities analysts have also issued reports on LAND. Numis Securities Ltd upgraded Land Securities Group plc from an “add” rating to a “buy” rating and set a GBX 1,536 ($21.88) price objective for the company in a research report on Tuesday, October 6th. BNP Paribas boosted their price objective on Land Securities Group plc from GBX 1,500 ($21.37) to GBX 1,570 ($22.37) and gave the company an “outperform” rating in a research report on Tuesday, October 13th. Goldman Sachs reiterated a “neutral” rating on shares of Land Securities Group plc in a research report on Tuesday, November 3rd. JPMorgan Chase & Co. decreased their price objective on Land Securities Group plc from GBX 1,600 ($22.80) to GBX 1,500 ($21.37) and set an “overweight” rating for the company in a research report on Wednesday, January 13th. Finally, Morgan Stanley reiterated an “overwt/attractive” rating and issued a GBX 1,550 ($22.08) price objective on shares of Land Securities Group plc in a research report on Tuesday, November 10th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Land Securities Group plc currently has a consensus rating of “Buy” and an average price target of GBX 1,402.11 ($19.98).
Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (LON:LAND). The Company operates through two segments: Retail Portfolio and 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. The Company’s Retail portfolio has a floor space of approximately 19.59 million square feet, which includes around 13 shopping centers, 13 retail parks, seven stand-alone leisure assets, and 29 Accor Group hotels in the United Kingdom. The Company’s London Portfolio includes all the London offices and central London shops. Its London portfolio has a total floor space of approximately 6.93 million square feet, which includes west end offices, city offices, mid-town offices, inner London offices and central London shops, among others.
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