British Land Company PLC (LON:BLND) Given Average Rating of “Hold” by Brokerages

Shares of British Land Company PLC (LON:BLND) have been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 404 ($5.24).

BLND has been the subject of a number of analyst reports. Barclays downgraded shares of British Land to an “equal weight” rating and lowered their target price for the stock from GBX 432 ($5.60) to GBX 405 ($5.25) in a research note on Friday, May 3rd. Shore Capital reiterated a “buy” rating on shares of British Land in a research note on Wednesday, July 3rd. Berenberg Bank boosted their target price on shares of British Land from GBX 469 ($6.08) to GBX 500 ($6.48) and gave the stock a “buy” rating in a research note on Friday, June 7th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of British Land in a research note on Wednesday, July 3rd.

British Land Stock Down 1.8 %

British Land stock opened at GBX 402.80 ($5.22) on Wednesday. British Land has a twelve month low of GBX 287.30 ($3.73) and a twelve month high of GBX 446.80 ($5.79). The stock’s fifty day simple moving average is GBX 416.38 and its 200-day simple moving average is GBX 393.37. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 44.97. The firm has a market capitalization of £3.74 billion, a P/E ratio of -338.49, a P/E/G ratio of 6.76 and a beta of 1.53.

British Land Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, July 26th. Investors of record on Thursday, June 20th will be issued a dividend of GBX 10.64 ($0.14) per share. The ex-dividend date is Thursday, June 20th. This represents a yield of 2.7%. British Land’s dividend payout ratio is currently -1,932.77%.

Insider Buying and Selling

In other news, insider Irvinder Goodhew purchased 3,504 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was purchased at an average cost of GBX 412 ($5.34) per share, with a total value of £14,436.48 ($18,721.93). In other news, insider Bhavesh Mistry sold 13,286 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of GBX 419 ($5.43), for a total value of £55,668.34 ($72,193.41). Also, insider Irvinder Goodhew bought 3,504 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were purchased at an average price of GBX 412 ($5.34) per share, for a total transaction of £14,436.48 ($18,721.93). Insiders bought 3,612 shares of company stock valued at $1,488,553 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

About British Land

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies.