Madeleine Cosgrave Acquires 4,700 Shares of Land Securities Group plc (LON:LAND) Stock

Land Securities Group plc (LON:LAND) insider Madeleine Cosgrave purchased 4,700 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were purchased at an average cost of GBX 841 ($10.99) per share, for a total transaction of £39,527 ($51,649.03).

Shares of LAND stock opened at GBX 843.40 ($11.02) on Thursday. The stock has a market cap of $6.24 billion and a PE ratio of -52.39. Land Securities Group plc has a 1-year low of GBX 784.20 ($10.25) and a 1-year high of GBX 967.10 ($12.64). The company has a debt-to-equity ratio of 38.12, a quick ratio of 0.37 and a current ratio of 0.43.

The business also recently disclosed a dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, September 5th will be issued a dividend of GBX 11.60 ($0.15) per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a dividend yield of 1.32%. Land Securities Group’s payout ratio is currently -2.86%.

LAND has been the topic of several analyst reports. Liberum Capital reaffirmed a “buy” rating on shares of Land Securities Group in a research note on Tuesday, March 12th. Deutsche Bank upgraded shares of Land Securities Group to a “buy” rating and increased their price objective for the stock from GBX 940 ($12.28) to GBX 1,020 ($13.33) in a report on Wednesday, April 24th. UBS Group reiterated a “buy” rating on shares of Land Securities Group in a report on Friday, May 10th. Morgan Stanley increased their price objective on shares of Land Securities Group from GBX 970 ($12.67) to GBX 990 ($12.94) and gave the stock an “equal weight” rating in a report on Thursday, March 14th. Finally, Peel Hunt reiterated a “hold” rating on shares of Land Securities Group in a report on Monday, May 6th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 944 ($12.34).

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Land Securities Group Company Profile

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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