LondonMetric Property’s (LMP) “Overweight” Rating Reaffirmed at Morgan Stanley

Morgan Stanley reiterated their overweight rating on shares of LondonMetric Property (LON:LMP – Get Rating) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports.

Several other research firms also recently commented on LMP. Barclays reaffirmed an overweight rating and issued a GBX 320 ($3.95) price objective on shares of LondonMetric Property in a report on Monday, May 9th. Royal Bank of Canada reaffirmed an outperform rating and issued a GBX 325 ($4.01) price objective on shares of LondonMetric Property in a report on Tuesday, April 12th. Berenberg Bank reaffirmed a hold rating and issued a GBX 280 ($3.45) price objective on shares of LondonMetric Property in a report on Thursday, May 5th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of LondonMetric Property in a report on Monday, March 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Buy and a consensus target price of GBX 287.88 ($3.55).

LondonMetric Property stock opened at GBX 244 ($3.01) on Wednesday. LondonMetric Property has a twelve month low of GBX 223.60 ($2.76) and a twelve month high of GBX 287.20 ($3.54). The firm has a 50 day moving average price of GBX 265.88 and a 200-day moving average price of GBX 267.86. The company has a market capitalization of £2.39 billion and a P/E ratio of 5.21. The company has a quick ratio of 1.64, a current ratio of 3.83 and a debt-to-equity ratio of 53.22.

The company also recently announced a dividend, which was paid on Tuesday, April 12th. Shareholders of record on Thursday, March 10th were paid a GBX 2.20 ($0.03) dividend. This represents a yield of 0.84%. The ex-dividend date of this dividend was Thursday, March 10th. LondonMetric Property’s dividend payout ratio is presently 0.19%.

LondonMetric Property Company Profile (Get Rating)

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a diversified long income portfolio, with 16 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.

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