November 30, 2016 - By Michael Collier
They currently have a GBX 1050.00 price target on Land Securities Group Plc (LON:LAND). Exane BNP Paribas’s target would suggest a potential upside of 7.25% from the company’s close price. This was disclosed to clients in a report on Wednesday, 30 November.
Out of 22 analysts covering Land Securities Group Plc (LON:LAND), 12 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 55% are positive. GBX 1600 is the highest target while GBX 1 is the lowest. The GBX 1158.95 average target is 18.44% above today’s (GBX 978.5) stock price. Land Securities Group Plc has been the topic of 143 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, September 24 by Societe Generale. Jefferies maintained it with “Hold” rating and GBX 975 target price in Friday, August 19 report. Jefferies maintained the shares of LAND in a report on Monday, September 21 with “Hold” rating. The stock has “Overweight” rating given by J.P. Morgan on Tuesday, October 27. The stock of Land Securities Group plc (LON:LAND) earned “Neutral” rating by Goldman Sachs on Wednesday, June 29. The stock of Land Securities Group plc (LON:LAND) has “Hold” rating given on Wednesday, May 18 by Jefferies. The company was maintained on Wednesday, June 22 by JP Morgan. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, July 21 report. The company was maintained on Thursday, September 1 by BNP Paribas. The firm earned “Overweight” rating on Wednesday, May 18 by JP Morgan.
About 410,233 shares traded hands. Land Securities Group plc (LON:LAND) has declined 14.02% since May 3, 2016 and is downtrending. It has underperformed by 19.25% the S&P500.
Analysts await Gladstone Land Corp (NASDAQ:LAND) to report earnings on February, 28. They expect $0.16 earnings per share, up 23.08% or $0.03 from last year’s $0.13 per share. LAND’s profit will be $1.60 million for 17.25 P/E if the $0.16 EPS becomes a reality. After $0.14 actual earnings per share reported by Gladstone Land Corp for the previous quarter, Wall Street now forecasts 14.29% EPS growth.
Insitutional Activity: The institutional sentiment increased to 2.22 in 2016 Q2. Its up 0.09, from 2.13 in 2016Q1. The ratio is positive, as 2 funds sold all Land Securities Group plc shares owned while 6 reduced positions. 2 funds bought stakes while 15 increased positions. They now own 2.10 million shares or 1.78% more from 2.06 million shares in 2016Q1.
Vanguard Gp Inc last reported 227,884 shares in the company. Moreover, Jpmorgan Chase & Com has 0% invested in Land Securities Group plc (LON:LAND) for 19,842 shares. Morgan Stanley holds 14,822 shares or 0% of its portfolio. Northern Trust holds 29,932 shares or 0% of its portfolio. Geode Management Limited Co holds 80,772 shares or 0% of its portfolio. Royal National Bank & Trust Of Canada has invested 0% of its portfolio in Land Securities Group plc (LON:LAND). Natl Bank Of America De owns 500 shares or 0% of their US portfolio. Price T Rowe Inc Md accumulated 0% or 12,900 shares. Horizon Kinetics Limited Company holds 0.02% of its portfolio in Land Securities Group plc (LON:LAND) for 80,647 shares. Cambridge Inv Inc reported 10,960 shares or 0% of all its holdings. Blackrock Fund Advisors has invested 0% of its portfolio in Land Securities Group plc (LON:LAND). Manufacturers Life The has invested 0% of its portfolio in Land Securities Group plc (LON:LAND). Wedge Capital Management L Limited Partnership Nc holds 0% of its portfolio in Land Securities Group plc (LON:LAND) for 30,100 shares. Moreover, Blackrock Investment Management Limited Co has 0% invested in Land Securities Group plc (LON:LAND) for 1,308 shares. The Illinois-based Keeley Asset Management has invested 0.02% in Land Securities Group plc (LON:LAND).
Insider Transactions: Since August 22, 2016, the stock had 3 insider buys, and 0 insider sales for $58,649 net activity. On Friday, August 26 Merrick Caren D bought $50,039 worth of the stock or 4,432 shares. Parrish Lewis bought $2,750 worth of Land Securities Group plc (LON:LAND) on Monday, August 22. 500 shares with value of $5,860 were bought by ADELGREN PAUL W on Friday, September 9.
Land Securities Group PLC is a United Kingdom holding company. The company has a market cap of 7.74 billion GBP. The Firm is a real estate investment trust . It has a 14.53 P/E ratio. The Firm operates through two divisions: Retail Portfolio and the London Portfolio.
According to Zacks Investment Research, “Gladstone Land Corporation is a real estate investment trust. The company acquires and leases farmland to corporate and independent farmers. Its properties are situated in California and Florida. Gladstone Land Corporation is based in McLean, Virginia.”
Gladstone Land Corporation, incorporated on March 24, 2011, is an externally-managed, agricultural real estate investment trust (REIT). The Firm is engaged in the business of owning and leasing farmland. The Company’s segment is farmland and farm-related properties. The Firm is engaged in leasing its farms to independent farming activities and corporate farming operations. The Firm owns approximately 43 farms consisting of over 16,810 total acres across six states in the United States (Arizona, California, Florida, Michigan, Nebraska and Oregon). The Firm also owns approximately three cooling facilities and one facility utilized for the storage and assembly of boxes for shipping produce (a box barn). These properties are leased to approximately 33 different, unrelated tenants that are either independent or corporate farming operations. The Firm also leases a small parcel on one of its properties to an oil company.
More important recent Land Securities Group plc (LON:LAND) news were published by: Bloomberg.com which released: “Land Securities May Start Building Speculatively Again on Brexit” on November 15, 2016, also Fool.Co.Uk published article titled: “5 REITs with yields up to 7.5%: Land Securities Group plc, Intu Properties plc …”, Marketwired.com published: “Land Securities Group PLC: Deutsche Bank Pre-Let at The Zig Zag Building, SW1” on November 10, 2015. More interesting news about Land Securities Group plc (LON:LAND) was released by: Fool.Co.Uk and their article: “Are Antofagasta plc, British Land Company PLC & Land Securities Group plc …” with publication date: December 17, 2015.
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