Liberum Capital reaffirmed their buy rating on shares of Town Centre Securities (LON:TOWN) in a research note issued to investors on Friday.

LON:TOWN opened at GBX 258.32 ($3.38) on Friday. Town Centre Securities has a fifty-two week low of GBX 266 ($3.48) and a fifty-two week high of GBX 318.75 ($4.17).

The business also recently disclosed a dividend, which will be paid on Friday, January 4th. Stockholders of record on Thursday, December 6th will be paid a dividend of GBX 8.50 ($0.11) per share. This represents a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, December 6th. This is a positive change from Town Centre Securities’s previous dividend of $3.25.

In other news, insider Michael Ziff sold 50,000 shares of the stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of GBX 270 ($3.53), for a total transaction of £135,000 ($176,401.41).

Town Centre Securities Company Profile

Town Centre Securities PLC (TCS) is a leading UK property investment & development company with property assets of approximately £385 million. With more than 50 years' experience, a commitment to sustainable development and a reputation for quality & innovation, TCS create outstanding mixed use developments close to transport hubs in Leeds, London, Manchester, Edinburgh and Glasgow.

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