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The latest update is out from LondonMetric Property ( (GB:LMP) ).
LondonMetric Property Plc has announced the sale of £61.8 million worth of non-core and mature assets, including a car park, pubs, an industrial estate, retail assets, and a logistics unit. These transactions, which are 10% above their allocated purchase price, align with the company’s strategy to divest non-core assets and reinvest in sectors offering better income reliability and growth.
The most recent analyst rating on (GB:LMP) stock is a Buy with a £215.00 price target. To see the full list of analyst forecasts on LondonMetric Property stock, see the GB:LMP Stock Forecast page.
Spark’s Take on GB:LMP Stock
According to Spark, TipRanks’ AI Analyst, GB:LMP is a Outperform.
LondonMetric Property scores well across financial performance, technical analysis, and corporate events. The company’s robust financial health and strategic corporate actions are significant strengths. Technical indicators show strong momentum, although caution is advised due to potential overbought conditions. The stock’s reasonable valuation and high dividend yield further bolster its attractiveness.
To see Spark’s full report on GB:LMP stock, click here.
More about LondonMetric Property
LondonMetric Property Plc is the UK’s leading triple net lease REIT with a £6 billion portfolio focused on logistics, healthcare, convenience, entertainment, and leisure sectors. The company owns and manages real estate that meets occupiers’ demands and delivers reliable, repetitive, and growing income-led returns.
Average Trading Volume: 6,705,039
Technical Sentiment Signal: Strong Buy
Current Market Cap: £3.9B
For detailed information about LMP stock, go to TipRanks’ Stock Analysis page.