Land Securities Group plc (LAND) Releases Quarterly Earnings Results, Misses Estimates By $0.90 EPS
Land Securities Group plc (LON:LAND) posted its quarterly earnings data on Tuesday. The company reported GBX 25.70 ($0.34) EPS for the quarter, missing the consensus estimate of GBX 26.60 ($0.35) by GBX (0.90) (($0.01)), Bloomberg Earnings reports. The firm had revenue of GBX 3,660 billion for the quarter. Land Securities Group plc had a return on equity of 3.63% and a net margin of 50.86%.
Land Securities Group plc (LAND) traded up GBX 14.50 ($0.19) on Thursday, reaching GBX 937 ($12.32). 3,425,902 shares of the company’s stock traded hands, compared to its average volume of 2,360,000. Land Securities Group plc has a fifty-two week low of GBX 913.50 ($12.01) and a fifty-two week high of GBX 1,141 ($15.01).
In other Land Securities Group plc news, insider Robert Noel bought 18,365 shares of Land Securities Group plc stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average cost of GBX 933 ($12.27) per share, for a total transaction of £171,345.45 ($225,365.58). Also, insider Alison J. Carnwath bought 10,050 shares of Land Securities Group plc stock in a transaction dated Monday, September 18th. The stock was acquired at an average price of GBX 978 ($12.86) per share, with a total value of £98,289 ($129,276.60).
Several research firms recently commented on LAND. Liberum Capital boosted their price objective on shares of Land Securities Group plc from GBX 1,000 ($13.15) to GBX 1,050 ($13.81) and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Numis Securities Ltd restated a “hold” rating and set a GBX 1,025 ($13.48) price target on shares of Land Securities Group plc in a research note on Thursday, July 27th. Credit Suisse Group restated an “outperform” rating and set a GBX 1,140 ($14.99) price target on shares of Land Securities Group plc in a research note on Wednesday, September 13th. Deutsche Bank AG upped their price target 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 Monday, September 11th. Finally, lowered shares of Land Securities Group plc to a “hold” rating and cut their price target for the company from GBX 1,210 ($15.91) to GBX 1,081 ($14.22) in a research note on Wednesday, September 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Land Securities Group plc currently has an average rating of “Hold” and an average price target of GBX 1,103.23 ($14.51).
About Land Securities Group plc
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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