LondonMetric completes Picton deal as LondonMetric stock falls 3.30 percent

Published on 10/01/2026 at 16:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LondonMetric issued 97.63 million Picton shares on September 11, 2026. LondonMetric stock costs EUR 2.05 on October 1, 2026 after EUR 2.12.

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LondonMetric (ISIN GB00B4WFW713) was trading at EUR 2.05 at Lang & Schwarz on October 1, 2026 at 4:33 p.m. CEST, down 3.30 percent versus the prior close of EUR 2.12. The company completed its joint acquisition of Picton Property Income on September 11, 2026, according to Börse Express.

Picton deal expands the share base

LondonMetric issued 97,627,134 new shares as consideration for the transaction, and the new securities were admitted to trading immediately, Börse Express reported on September 25, 2026. LondonMetric said the total number of voting rights after the transaction was 2,448,611,239. Schroder Real Estate Investment Trust became the sole owner of Picton after LondonMetric transferred its Picton shares to the partner.

The enlarged equity base matters because the acquisition was not financed solely through cash. It also gives the market a clearer measure for future per-share income and dividend growth, which are central to LondonMetric's investment case.

Portfolio rotation continues

Since the July trading update, LondonMetric's investment activity reached GBP 105.00 million, including seven property disposals for GBP 85.00 million and acquisitions totaling GBP 62.00 million, according to Börse Express. A further GBP 140.00 million of acquisitions was in advanced negotiations on September 25, 2026.

The figures show a two-sided strategy: LondonMetric is recycling assets while adding exposure through new purchases. For investors, the balance between disposals, acquisitions and the larger share count is more informative than the transaction headline alone.

Analysts set a mixed target range

Analyst views published in September put the share price against a wide set of expectations. Morningstar reported on September 14, 2026 that Citigroup cut its target to GBp 203.00 from GBp 235.00 with a buy rating, while Barclays restarted coverage with an overweight rating and a GBp 220.00 target. Morningstar also reported on September 11, 2026 that Jefferies initiated coverage with a buy rating and a GBp 225.00 target.

Against the LSE quote of GBp 172.30 on October 1, 2026 at 3:39 p.m. BST, the GBp 203.00 Citigroup target is 17.81 percent above the market price, while the GBp 225.00 Jefferies target is 30.59 percent higher. Those targets provide a measurable counterweight to the stock's intraday decline.

LondonMetric stock falls below its prior close

LondonMetric stock was trading at EUR 2.05 at Lang & Schwarz on October 1, 2026 at 4:33 p.m. CEST, down 3.30 percent versus the prior close of EUR 2.12. The LSE quote was GBp 172.30, within the October 1, 2026 52-week range of GBp 172.30 to GBp 216.20. The further course of trading is shown by the continuously updated real-time quote of LondonMetric stock.