Tuesday broker round-up
16th Jun 2020 14:32
(Sharecast News) - Big Yellow: Berenberg downgrades to hold with a target price of 1,050p.
Read moreLondonMetric pays Q4 dividend, eyes rise in online food shopping
10th Jun 2020 07:03
(Sharecast News) - Property manager LondonMetric paid a fourth quarter dividend as looked to cash in on the rise in online shopping during the coronavirus lockdown.
Read moreLondonmetric acquires two long income assets
3rd Jun 2020 09:12
(Sharecast News) - Real estate investment trust Londonmetric acquired two long income assets on Wednesday for a total of £11.6m, reflecting a blended net initial yield of 5.1%.
Read moreTuesday broker round-up
5th May 2020 13:27
(Sharecast News) - Stagecoach Group: Canaccord upgrades to buy with a target price of 110p.
Read moreLondonmetric looks to raise ?100m, nudges dividend higher
5th May 2020 08:52
(Sharecast News) - Real estate investment trust Londonmetric announced plans to raise up ?100m of fresh equity in order to capitalise on opportunities presented to it as a result of the Covid-19 pandemic.
Read moreLondonMetric 2020 earnings seen in line with expectations
2nd Apr 2020 08:14
(Sharecast News) - Property company LondonMetric said on Thursday that its 2020 EPRA earnings are set to be in line with expectations and the third-quarter dividend will be paid as planned, adding that it was still too early to assess the impact of the Covid-19 outbreak.
Read moreLondonMetric sells Worcester property for ?6.2m
13th Jan 2020 07:39
(Sharecast News) - LondonMetric Property said it had sold an office park in Worcester for £6.2m, reflecting a net initial yield of 6.7%.
Read moreLondonMetric cuts warehouse exposure with ?145m sell-off
20th Dec 2019 07:12
(Sharecast News) - LondonMetric Property said it had sold two mega box and two regional distribution warehouses, in three deals, for a combined £145.3m as it moved to cut its exposure to lower income growth assets.
Read moreDirector dealings: Londonmetric chairman lowers stake
29th Nov 2019 15:48
(Sharecast News) - Londonmetric Property revealed on Friday that chairman Patrick Vaughan had sold 400,000 ordinary shares in the FTSE 250-listed real estate investment trust.
Read moreLondonMetric rental income rises as it integrates Mucklow acquisition
27th Nov 2019 08:03
(Sharecast News) - LondonMetric announced its half-year results for the six months ended 30 September on Wednesday, reporting that its continued focus on income growth saw its net rental income rise 16.6% to £54.9m, including three months of income from the Mucklow acquisition.
Read moreLondonMetric sells two properties for ?11.6m
14th Oct 2019 07:13
(Sharecast News) - LondonMetric on Monday said it had sold two properties for a total of £11.6m, with both sales representing material premiums to the properties' book value.
Read moreMorgan Stanley downgrades LondonMetric to 'underweight'
2nd Sep 2019 14:46
(Sharecast News) - Analysts at Morgan Stanley downgraded its recommendation on British property group LondonMetric from 'equal-weight' to 'underweight' on Monday as part of a research note on the wider sector, saying the firm's valuation looked "extended" when viewed in a historical context.
Read moreLondonMetric buys and funds new Croda distribution hub
19th Aug 2019 07:28
(Sharecast News) - LondonMetric Property has agreed to purchase and fund a new 232,000 square foot distribution warehouse for £24m, it announced on Monday, reflecting a yield on cost of 5.2%.
Read moreFriday broker round-up
31st May 2019 12:50
(Sharecast News) - Bunzl: Goldman Sachs upgrades to buy with a target price of 2,700p.
Read moreLondonMetric to buy Midlands-based A&J Mucklow in ?415m deal
23rd May 2019 08:06
(Sharecast News) - LondonMetric Property posted a 3.5% increase in full-year net rental income on Thursday as it announced the acquisition of Midlands-based real estate investment trust A&J Mucklow in a cash and stock deal that values it at around £414.7m.
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