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Pin to quick picksLand Securities Share News (LAND)

Share Price Information for Land Securities (LAND)

London Stock Exchange
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Share Price: 616.00
Bid: 615.50
Ask: 616.00
Change: -6.00 (-0.96%)
Spread: 0.50 (0.081%)
Open: 625.00
High: 627.00
Low: 614.00
Prev. Close: 622.00
LAND Live PriceLast checked at -

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Sunday share tips: British Land, Land Securities

Sun, 21st May 2023 16:06

(Sharecast News) - The Financial Mail on Sunday's Midas column judged shares of British Land and Land Securities were worth holding onto.

"Neither looks expensive at this level and the yields are attractive, but their valuation depends on how commercial property performs and how we change our working and commuting culture," the tipster said.

"Land Securities' balance sheet and forecasts would seem to give it the edge, but both companies are worth holding on to for now, if you can stand a bumpy ride."

Shares of both firms had fallen sharply amid the fallout of work-from-home and changing patterns for workplaces and commuting.

The two companies' hefty losses were the result of valuation losses that hit the profit and loss statement, Midas explained.

Yet rising income meant that dividends rose.

In the case of British Land, overall occupancy in fact stood at 96.7%, underlying profit - which strips out valuation changes - was ahead by 7% and the company was recycling capital through disposals.

On the other hand, analysts in the City believed that British Land's debt was less attractive.

Nonetheless, Midas said that "Neither looks expensive at this level and the yields are attractive, but their valuation depends on how commercial property performs and how we change our working and commuting culture.

"Land Securities' balance sheet and forecasts would seem to give it the edge, but both companies are worth holding on to for now, if you can stand a bumpy ride."

More News
29 Sep 2023 12:21

Broker tips: Marks & Spencer, Intertek, Landsec

(Sharecast News) - Bank of America Merrill Lynch upgraded Marks & Spencer on Friday to 'buy' from 'neutral' as it argued the stock is still too cheap and consensus earnings too low.

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29 Sep 2023 09:15

LONDON BROKER RATINGS: Goldman Sachs cuts WPP; Shore raises LandSec

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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29 Sep 2023 08:18

Downside priced in at Landsec, Shore Capital upgrades to 'hold'

(Sharecast News) - Shore Capital has raised its recommendation for property group Landsec from 'sell' to 'hold', saying that the risk-reward has is now more balanced.

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27 Sep 2023 14:13

London close: Stocks finish choppy session in the red

(Sharecast News) - London's stock markets presented a downbeat picture at the close of Wednesday's trading session.

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27 Sep 2023 12:12

LONDON MARKET MIDDAY: Stocks fall on higher for longer rate worries

(Alliance News) - Stock prices in London were in the red at midday on Wednesday as markets remained uneasy about the prospect of global interest rates staying elevated for longer.

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27 Sep 2023 11:51

Jefferies cuts Reit ratings as office vacancies mount

(Sharecast News) - Jefferies has downgraded a number of real estate investment trusts, including British Land, on the back of waning demand for office space.

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27 Sep 2023 09:32

Land Securities pushes ahead with London office project as lettings up

(Alliance News) - Commercial property developer Land Securities Group PLC on Wednesday said customer demand for its office space in London has remained strong since the end of March.

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27 Sep 2023 07:47

LONDON BRIEFING: Flutter buys MaxBet stake; LandSec sees strong demand

(Alliance News) - Stocks in London are set to open lower on Wednesday as investors remained in a risk-off mood amid the prospect of interest rates staying higher for longer in the US.

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27 Sep 2023 07:17

LandSec says demand holding up despite rising rates

(Sharecast News) - Property developer Land Securities reported a rise in lettings over the first five months of the financial year as demand for office space held up, despite rising interest rates.

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15 Sep 2023 09:18

LONDON BROKER RATINGS: Berenberg likes Intertek; Goldman ups Derwent

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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4 Sep 2023 16:55

LONDON MARKET CLOSE: Stocks wilt after early promise with US closed

(Alliance News) - Stock prices in London faded into the close Monday after a bright start, as enthusiasm waned in the absence of fresh direction from New York.

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4 Sep 2023 11:44

Morgan Stanley upgrades Hammerson, downgrades Landsec

(Sharecast News) - Morgan Stanley lifted its rating on Hammerson on Monday but downgraded Landsec as it took a look at property stocks.

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4 Sep 2023 09:17

LONDON BROKER RATINGS: Morgan Stanley cuts Landsec, raises Hammerson

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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4 Sep 2023 07:36

LONDON BRIEFING: CMC names new CFO; takeover offer for Ergomed

(Alliance News) - Stocks in London are expected to open on a positive note on Monday, amid an improvement in global risk sentiment.

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29 Aug 2023 09:27

LONDON BROKER RATINGS: UBS cuts HSBC; Barclays cuts SDCL Energy

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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