Fintel reports that on September 11, 2023, Shore Capital reiterated coverage of LondonMetric Property (LSE:LMP) with a Buy recommendation.
Analyst Price Forecast Suggests 23.05% Upside
As of September 3, 2023, the average one-year price target for LondonMetric Property is 214.11. The forecasts range from a low of 167.66 to a high of $291.90. The average price target represents an increase of 23.05% from its latest reported closing price of 174.00.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for LondonMetric Property is 161MM, an increase of 17.76%. The projected annual non-GAAP EPS is 0.11.
LondonMetric Property Maintains 5.46% Dividend Yield
At the most recent price, the company's dividend yield is 5.46%.
Additionally, the company's dividend payout ratio is -0.20. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.14%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 87 funds or institutions reporting positions in LondonMetric Property. This is a decrease of 5 owner(s) or 5.43% in the last quarter. Average portfolio weight of all funds dedicated to LMP is 0.25%, an increase of 1.50%. Total shares owned by institutions increased in the last three months by 0.51% to 100,866K shares.
What are Other Shareholders Doing?
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 12,605K shares representing 1.16% ownership of the company. In it's prior filing, the firm reported owning 12,621K shares, representing a decrease of 0.13%. The firm increased its portfolio allocation in LMP by 4.09% over the last quarter.
DFA INVESTMENT DIMENSIONS GROUP INC - DFA International Real Estate Securities Portfolio - Institutional Class holds 10,840K shares representing 1.00% ownership of the company. In it's prior filing, the firm reported owning 10,768K shares, representing an increase of 0.66%. The firm increased its portfolio allocation in LMP by 9.16% over the last quarter.
FIRAX - Fidelity International Real Estate Fund Fidelity Advisor International Real Estate Fund: holds 8,513K shares representing 0.78% ownership of the company. In it's prior filing, the firm reported owning 8,818K shares, representing a decrease of 3.58%. The firm increased its portfolio allocation in LMP by 7.79% over the last quarter.
VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 7,521K shares representing 0.69% ownership of the company. In it's prior filing, the firm reported owning 7,268K shares, representing an increase of 3.36%. The firm decreased its portfolio allocation in LMP by 3.97% over the last quarter.
IEFA - iShares Core MSCI EAFE ETF holds 4,930K shares representing 0.45% ownership of the company. In it's prior filing, the firm reported owning 4,923K shares, representing an increase of 0.15%. The firm increased its portfolio allocation in LMP by 1.83% over the last quarter.
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