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Land Securities Company profile

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The Land Securities Group plc (LAND) is a real estate investment trust that has been operating on the UK market since 1944. The Group is engaged in buying, developing, managing and selling real estate in London and other parts of the UK. The company's property portfolio includes offices, retail locations, warehouse facilities, leisure and residential space, etc.

The UK’s leading commercial property business, Land Securities has a £12.8bn value portfolio, which consists of 24 million sq ft of property in several segments.

1. The Office segment consists of modern, high-quality offices in central London. Land Securities offer traditional long-term leases and more flexible, short-term space options. 
2. The Retail segment comprises outlets, large shopping centres outside and within London and retail parks. The company’s office buildings also presuppose retail areas. 
3. The Specialist segment includes 17 standalone leisure parks, iconic Piccadilly Lights in central London and 23 hotels.

Sharing the latest financial data for 2020, Land Securities Group plc revealed the following figures, some of which were impacted by Covid-19: in 2020 the company’s dividend dropped by 49.1 per cent to 23.2p; revenue profit was £414m ($541m, €459m) – down 6.3 per cent; and adjusted diluted earnings per share were down 6.4 per cent at 55.9p (59.7p in 2019).

In general, the company characterises its approach as customer-focused with a growing culture of innovation and the ambition to become a net zero carbon business by 2030. Meanwhile, Land Securities group has managed to reduce carbon emissions by 42 per cent in 2020, compared with the 2013/2014 baseline.

Land Securities Group is headquartered in London, UK, and employs 128,800 people across the company’s workplace, retail and leisure destinations.

LAND stock is listed on the London Stock Exchange (LSE) and is included in the FTSE 100 Index.

So far in 2020, the Land Securities Group share price has been seriously hit by the Covid-19 pandemic, with most of the drop taking place from February 14 onwards. The price fell from 995.8 GBX in mid-February to 514.6 GBX in early April. Since then, the stock has been experiencing a bit of sideways trading.

According to the latest Land Securities stock price target and consensus rating offered by 15 Wall Street analysts, surveyed by MarketBeat, Land Securities shares receive a consensus rating of “Hold”.

The highest price target for LAND is GBX 1,070 and the low price target is GBX 400. The average 12-month price target for LAND stock is set at GBX 732.14.

Keep an eye on the LAND share price to spot the best points to enter and exit a trade. Explore the LAND shares online chart at Capital.com and trade it with CFDs.