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Share Price Information for Land Securities (LAND)

London Stock Exchange
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Share Price: 622.00
Bid: 622.00
Ask: 622.50
Change: 0.00 (0.00%)
Spread: 0.50 (0.08%)
Open: 621.00
High: 623.50
Low: 617.50
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
27 Jan 2023 12:18

TOP NEWS: Land Securities inks One New Street Square sale to Chinachem

(Alliance News) - Land Securities Group PLC on Friday announced the sale of central London-located One New Street Square to Hong Kong-based Chinachem Group, a property developer that has a real estate portfolio value of around USD13.7 billion.

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27 Jan 2023 12:06

Landsec sells London building to HK property developer for £349.5m

(Sharecast News) - Landsec said on Friday that it has sold One New Street Square, EC4, to Hong Kong-based property developer Chinachem Group for £349.5m.

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25 Jan 2023 09:33

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20 Jan 2023 08:56

Landsec names Ian Cheshire chair

(Sharecast News) - City veteran Ian Cheshire has been named chair designate of Land Securities Group.

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20 Jan 2023 08:37

TOP NEWS: Land Securities taps former Kingfisher CEO Cheshire as chair

(Alliance News) - Land Securities PLC on Friday said it appointed Ian Cheshire as chair to take over from Cressida Hogg in May.

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18 Jan 2023 09:47

LONDON BROKER RATINGS: Bank of America and Oddo BHF cut Whitbread

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18 Jan 2023 07:54

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(Alliance News) - Stocks in London are set to open lower on Wednesday, following news that UK inflation cooled slightly more than expected in December and the Bank of Japan kept its loose monetary policy unchanged.

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10 Jan 2023 10:11

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

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9 Jan 2023 09:49

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

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16 Dec 2022 09:50

UK housebuilder Taylor Wimpey names ex-Landsec chief Noel as next chair

Dec 16 (Reuters) - Taylor Wimpey said on Friday former Landsec chief Robert Noel would replace Irene Dorner as its chairperson next year, the second top level change at the British housebuilder in 2022 after it named a new CEO in February.

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15 Dec 2022 12:23

LONDON MARKET MIDDAY: Bank of England lifts rates by half a percent

(Alliance News) - Stock prices in London were lower at midday, after the Bank of England raised UK interest rates by half a percentage point, as expected.

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

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

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LONDON BROKER RATINGS: Numis cuts De La Rue; BoA raises Severn Trent

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

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