Insider Buying: Land Securities Group Plc (LON:LAND) Insider Purchases £23,801.85 in Stock

Land Securities Group Plc (LON:LAND) insider Miles Roberts acquired 3,645 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of GBX 653 ($8.02) per share, for a total transaction of £23,801.85 ($29,229.83).

Land Securities Group Stock Performance

Shares of LAND opened at GBX 653.40 ($8.02) on Friday. The firm has a 50-day moving average of GBX 592.58 and a 200-day moving average of GBX 604.74. Land Securities Group Plc has a one year low of GBX 551.20 ($6.77) and a one year high of GBX 743.40 ($9.13). The company has a market cap of £4.87 billion, a PE ratio of -777.86, a price-to-earnings-growth ratio of 12.39 and a beta of 1.43. The company has a debt-to-equity ratio of 50.03, a current ratio of 0.82 and a quick ratio of 0.54.

Land Securities Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 23rd will be given a GBX 9.20 ($0.11) dividend. This represents a dividend yield of 1.52%. The ex-dividend date is Thursday, November 23rd. This is an increase from Land Securities Group’s previous dividend of $9.00. Land Securities Group’s dividend payout ratio (DPR) is -4,642.86%.

Analyst Ratings Changes

LAND has been the topic of a number of research analyst reports. Morgan Stanley lowered shares of Land Securities Group to an “equal weight” rating and dropped their price objective for the stock from GBX 750 ($9.21) to GBX 650 ($7.98) in a report on Monday, September 4th. Shore Capital reaffirmed a “hold” rating on shares of Land Securities Group in a research report on Tuesday. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 465 ($5.71) target price on shares of Land Securities Group in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Land Securities Group currently has an average rating of “Hold” and an average price target of GBX 649 ($7.97).

About Land Securities Group

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.