Deutsche Bank reiterated their hold rating on shares of British Land (LON:BLND) in a research report sent to investors on Thursday, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of British Land from GBX 715 ($9.34) to GBX 660 ($8.62) and set a neutral rating on the stock in a report on Monday, January 21st. Citigroup lowered shares of British Land to a sell rating and cut their price objective for the stock from GBX 647 ($8.45) to GBX 452 ($5.91) in a report on Friday, January 25th. Goldman Sachs Group cut their price objective on shares of British Land from GBX 620 ($8.10) to GBX 589 ($7.70) and set a neutral rating on the stock in a report on Friday, January 25th. Liberum Capital reiterated a hold rating on shares of British Land in a report on Friday, February 8th. Finally, Royal Bank of Canada assumed coverage on shares of British Land in a report on Tuesday, February 12th. They set a sector performer rating and a GBX 550 ($7.19) price objective on the stock. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. British Land presently has a consensus rating of Hold and a consensus target price of GBX 613.29 ($8.01).
LON:BLND opened at GBX 558.60 ($7.30) on Thursday. The stock has a market capitalization of $5.30 billion and a price-to-earnings ratio of -18.62. The company has a debt-to-equity ratio of 37.44, a quick ratio of 0.70 and a current ratio of 0.94. British Land has a 12-month low of GBX 520 ($6.79) and a 12-month high of GBX 698 ($9.12).
The business also recently disclosed a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 27th will be issued a dividend of GBX 7.75 ($0.10) per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a dividend yield of 1.38%. British Land’s payout ratio is currently -1.03%.
In other British Land news, insider William Jackson bought 2,310 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was purchased at an average price of GBX 599 ($7.83) per share, with a total value of £13,836.90 ($18,080.36). Also, insider Chris Grigg sold 4,978 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of GBX 604 ($7.89), for a total transaction of £30,067.12 ($39,288.02). Over the last quarter, insiders have bought 2,386 shares of company stock worth $1,428,485.
About British Land
Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £16.8bn (British Land share: £12.9bn) as at 30 September 2018 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.
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