LondonMetric stock trades at GBp 179.20 as sales reshape portfolio

Published on 09/28/2026 at 15:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LondonMetric stock traded at GBp 179.20 on September 28, 2026, while recent analyst targets ranged from 203 to 225 pence. Fiscal 2026 rental income rose 16.6 percent.

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LondonMetric stock (ISIN GB00B4WFW713) was trading at GBp 179.20 on the London Stock Exchange at 2:24 p.m. BST on September 28, 2026, up 0.28 percent from the prior close. The share price sits 17.11 percent below its 52-week high of GBp 216.20, putting portfolio reshaping and income growth at the center of the investment case.

Asset sales reshape the portfolio

According to TradingView on September 3, 2026, LondonMetric had completed GBP 105 million of investment activity since its July trading update. The company sold seven assets for GBP 85 million, including two Ramsay Health Care hospitals for GBP 59.1 million, while its rental exposure to Ramsay fell to 8.4 percent from 9.1 percent as of March 31, 2026.

The same release said LondonMetric had sold 32 assets for GBP 175 million during fiscal 2027 and completed GBP 62 million of acquisitions. A GBP 20 million forward-funded foodstore in Nuneaton is pre-let to Tesco on a 20-year lease, while GBP 140 million of further acquisitions were under offer at yields above 6 percent.

Income growth supports dividends

In its fiscal 2026 earnings call, Yahoo Finance reported that net rental income rose 16.6 percent to GBP 455.3 million. EPRA earnings increased 13.9 percent to GBP 305.3 million, while earnings per share reached GBP 0.1345 and the full-year dividend rose 3.8 percent to GBP 0.1245 per share.

The results also show where the next debate lies. LondonMetric reported a 36.7 percent loan-to-value ratio and net debt to EBITDA of 7.5 times for fiscal 2026, while its average cost of debt stood at 4 percent. The figures support the income story but keep financing and leverage relevant to the share valuation.

Analyst targets remain above the share price

According to Morningstar on September 14, 2026, Citigroup cut its LondonMetric target to 203 pence from 235 pence while retaining a Buy rating, and Barclays initiated coverage with an Overweight rating and a 220 pence target. Earlier, Morningstar reported on September 11, 2026 that Jefferies initiated LondonMetric with a Buy rating and a 225 pence target.

LondonMetric stock stays below its yearly high

LondonMetric stock was trading at GBp 179.20 on September 28, 2026, at 2:24 p.m. BST on the London Stock Exchange. The session volume was 1,555,515 shares, and the 52-week range was GBp 175.10 to GBp 216.20.