Insider Selling: Town Centre Securities Plc (TOWN) Insider Sells 50,000 Shares of Stock

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Town Centre Securities Plc (LON:TOWN) insider Michael Ziff sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of GBX 270 ($3.53), for a total value of £135,000 ($176,401.41).

Shares of LON TOWN opened at GBX 259 ($3.38) on Friday. Town Centre Securities Plc has a one year low of GBX 266 ($3.48) and a one year high of GBX 318.75 ($4.17).

The company also recently announced a dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, December 6th will be paid a GBX 8.50 ($0.11) dividend. This represents a dividend yield of 3.22%. This is a positive change from Town Centre Securities’s previous dividend of $3.25. The ex-dividend date of this dividend is Thursday, December 6th.

Separately, Liberum Capital reiterated a “buy” rating and set a GBX 340 ($4.44) price target on shares of Town Centre Securities in a report on Monday, July 16th.

Town Centre Securities Company Profile

Town Centre Securities PLC (TCS) is a leading UK property investment & development company with property assets of approximately £385 million. With more than 50 years' experience, a commitment to sustainable development and a reputation for quality & innovation, TCS create outstanding mixed use developments close to transport hubs in Leeds, London, Manchester, Edinburgh and Glasgow.

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