British Land Company PLC (LON:BLND) Insider Bhavesh Mistry Buys 35 Shares of Stock

British Land Company PLC (LON:BLND) insider Bhavesh Mistry purchased 35 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were purchased at an average price of GBX 427 ($5.43) per share, for a total transaction of £149.45 ($189.90).

Bhavesh Mistry also recently made the following trade(s):

• On Wednesday, May 29th, Bhavesh Mistry sold 13,286 shares of British Land stock. The shares were sold at an average price of GBX 419 ($5.32), for a total transaction of £55,668.34 ($70,734.87).
• On Monday, April 15th, Bhavesh Mistry acquired 40 shares of British Land stock. The shares were bought at an average price of GBX 379 ($4.82) per share, for a total transaction of £151.60 ($192.63).

British Land Stock Up 1.7 %

BLND opened at GBX 435.20 ($5.53) on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 44.97. British Land Company PLC has a 1-year low of GBX 287.30 ($3.65) and a 1-year high of GBX 446.80 ($5.68). The company has a market capitalization of £4.04 billion, a PE ratio of -365.71, a PEG ratio of 6.76 and a beta of 1.53. The firm’s 50 day simple moving average is GBX 407.04 and its two-hundred day simple moving average is GBX 390.67.

British Land Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BLND shares. JPMorgan Chase & Co. increased their price objective on shares of British Land from GBX 418 ($5.31) to GBX 460 ($5.84) and gave the company a “neutral” rating in a research report on Thursday, May 23rd. Barclays downgraded shares of British Land to an “equal weight” rating and lowered their price objective for the company from GBX 432 ($5.49) to GBX 405 ($5.15) in a research report on Friday, May 3rd. Shore Capital restated a “buy” rating on shares of British Land in a research report on Monday, May 20th. Finally, Berenberg Bank increased their price objective on shares of British Land from GBX 469 ($5.96) to GBX 500 ($6.35) and gave the company a “buy” rating in a research report on Friday, June 7th. One 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 company. According to data from MarketBeat.com, British Land presently has an average rating of “Hold” and a consensus target price of GBX 404 ($5.13).

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.