British Land Company PLC (LON:BLND) has been assigned an average recommendation of “Hold” from the fifteen research firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 597.60 ($7.81).
Several analysts have issued reports on BLND shares. Peel Hunt reaffirmed a “hold” rating on shares of British Land in a research note on Tuesday, February 19th. Numis Securities reaffirmed a “hold” rating and issued a GBX 615 ($8.04) target price on shares of British Land in a research note on Wednesday, May 15th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 585 ($7.64) target price on shares of British Land in a research note on Wednesday, May 15th. Royal Bank of Canada started coverage on British Land in a research note on Tuesday, February 12th. They issued a “sector performer” rating and a GBX 550 ($7.19) target price for the company. Finally, UBS Group reaffirmed a “buy” rating on shares of British Land in a research note on Friday, May 10th.
BLND traded down GBX 11.60 ($0.15) during midday trading on Thursday, hitting GBX 531.60 ($6.95). The stock had a trading volume of 4,944,473 shares, compared to its average volume of 3,540,000. The firm has a market cap of $5.05 billion and a P/E ratio of -17.72. The company has a debt-to-equity ratio of 37.44, a current ratio of 0.94 and a quick ratio of 0.70. British Land has a 1 year low of GBX 520 ($6.79) and a 1 year 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 paid a dividend of GBX 7.75 ($0.10) per share. This represents a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, June 27th. British Land’s dividend payout ratio (DPR) is presently -1.03%.
In related news, insider William Jackson acquired 2,310 shares of the company’s stock in a transaction dated 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 shares were sold at an average price of GBX 604 ($7.89), for a total value of £30,067.12 ($39,288.02). In the last three months, insiders have bought 2,386 shares of company stock valued at $1,428,485.
British Land Company Profile
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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