Land Securities Group plc (LAND) Posts Quarterly Earnings Results, Misses Estimates By $0.90 EPS

Land Securities Group plc (LON:LAND) released its quarterly earnings results on Tuesday. The company reported GBX 25.70 ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 26.60 ($0.35) by GBX (0.90) (($0.01)), Bloomberg Earnings reports. Land Securities Group plc had a return on equity of 3.63% and a net margin of 50.86%. The firm had revenue of GBX 3,660 billion for the quarter.

Land Securities Group plc (LON:LAND) traded up GBX 14.50 ($0.19) during midday trading on Thursday, reaching GBX 937 ($12.32). The company’s stock had a trading volume of 3,425,902 shares, compared to its average volume of 2,360,000. Land Securities Group plc has a 52-week low of GBX 913.50 ($12.01) and a 52-week high of GBX 1,141 ($15.01).

LAND has been the subject of several analyst reports. Liberum Capital boosted their target price on shares of Land Securities Group plc from GBX 1,000 ($13.15) to GBX 1,050 ($13.81) and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Numis Securities Ltd reissued a “hold” rating and issued a GBX 1,025 ($13.48) target price on shares of Land Securities Group plc in a research note on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and issued a GBX 875 ($11.51) target price on shares of Land Securities Group plc in a research note on Wednesday. Beaufort Securities reissued a “long term buy” rating and issued a GBX 1,150 ($15.13) target price on shares of Land Securities Group plc in a research note on Friday, October 20th. Finally, Peel Hunt reissued an “add” rating and issued a GBX 1,150 ($15.13) target price on shares of Land Securities Group plc in a research note on Tuesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Land Securities Group plc has an average rating of “Hold” and a consensus price target of GBX 1,103.23 ($14.51).

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In other Land Securities Group plc news, insider Robert Noel bought 18,365 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of GBX 933 ($12.27) per share, with a total value of £171,345.45 ($225,365.58). Also, insider Alison J. Carnwath bought 10,050 shares of the business’s stock in a transaction on Monday, September 18th. The stock was acquired at an average cost of GBX 978 ($12.86) per share, for a total transaction of £98,289 ($129,276.60).

Land Securities Group plc Company Profile

Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and the 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.

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