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Prices & Quotes - UK Markets - Land Securities Group (LAND)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 735.80p
Change Today:
17.20p
Market Cap:
5,456m
Sector:
Real Estate Investment Trusts

Deutsche Banks upgrades British Land, Land Securities

By Michele Maatouk

Date: Friday 22 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Deutsche Bank upgraded British Land and Land Securities on Friday as it took a look at the European real estate sector.
The bank lifted its stance on both to 'buy' from 'hold'. It noted that British Land is already trading at a 35% discount to spot NAV and a 25% discount to FY22 estimated NAV and said the market is already pricing in too much asset value downside.

As far as Land Securities is concerned, DB said the market is assigning too high a discount to its non-office exposure. It noted the stock is already trading at a 40% discount to spot NAV and 30% discount to FY22 estimated NAV.

More broadly, the bank said that looking "beyond vaccines" - which are not a guarantee of a silver bullet - 2021 is likely to be a challenging year for the European real estate sector.

"The first year of a new presidency in the US, the Brexit impact in the UK, a big election year in Germany, and prolonged lockdowns and social distancing as the world fights Covid-19 could cause meaningful volatility," it said.

"While we do believe in a modest economic recovery this year, we do not think property companies can post 'V'-shape recoveries as they did after the Great Financial Crisis."

Deutsche Bank kept its price targets on British Land and Landsec unchanged at 490p and 730p, respectively.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

LAND Market Data

Currency UK Pounds
Price 735.80p
Change Today 17.20p
52 Week High 735.80p
52 Week Low 489.05p
Volume 1,052,320
Shares Issued 741.47m
Market Cap 5,456m
Beta 0.04

Performance Indicators

Compare performance with the sector and the market.

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Value
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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 7
Buy 1
Neutral 4
Sell 0
Strong Sell 2
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LAND Dividends

  Latest Previous
  Q3 Q2
Ex-Div 25-Feb-21 26-Nov-20
Paid 30-Mar-21 04-Jan-21
Amount 6.00p 12.00p

Trades for 06-May-2021

Time Volume / Share Price
16:36 16 @ 735.80p
16:35 57 @ 735.80p
16:35 422,252 @ 735.80p
16:29 27 @ 734.20p
16:29 24 @ 734.20p

LAND Key Personnel

CFO Martin F Greenslade
Chair Cressida Hogg
CEO Mark Allan