Shares of British Land Company PLC (LON:BLND – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 392.66 ($4.97) and traded as high as GBX 423.80 ($5.36). British Land shares last traded at GBX 408.20 ($5.16), with a volume of 1,787,636 shares.
Analyst Ratings Changes
Several equities research analysts have commented on the company. Berenberg Bank boosted their price objective on British Land from GBX 469 ($5.93) to GBX 500 ($6.32) and gave the stock a “buy” rating in a research note on Friday, June 7th. Shore Capital reiterated a “buy” rating on shares of British Land in a research report on Monday, May 20th. JPMorgan Chase & Co. raised their price objective on British Land from GBX 418 ($5.29) to GBX 460 ($5.82) and gave the company a “neutral” rating in a report on Thursday, May 23rd. Finally, Barclays lowered shares of British Land to an “equal weight” rating and dropped their target price for the stock from GBX 432 ($5.46) to GBX 405 ($5.12) in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 404 ($5.11).
Check Out Our Latest Stock Report on British Land
British Land Stock Performance
British Land Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, June 20th will be issued a dividend of GBX 10.64 ($0.13) per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a dividend yield of 2.7%. British Land’s dividend payout ratio is presently -1,932.77%.
Insider Activity at British Land
In other news, insider Bhavesh Mistry sold 13,286 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of GBX 419 ($5.30), for a total transaction of £55,668.34 ($70,412.78). Over the last quarter, insiders bought 112 shares of company stock valued at $45,053. 0.19% of the stock is owned by company insiders.
British Land Company Profile
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.
See Also
- Five stocks we like better than British Land
- Where Do I Find 52-Week Highs and Lows?
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- What Investors Need to Know to Beat the Market
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- How to Buy Cheap Stocks Step by Step
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
Receive News & Ratings for British Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British Land and related companies with MarketBeat.com's FREE daily email newsletter.