Shares of British Land Company PLC (LON:BLND – Get Free Report) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 404 ($5.13).
A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on 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. Shore Capital reiterated a “buy” rating on shares of British Land in a research report on Monday, May 20th. Berenberg Bank upped their target price on 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. Finally, Barclays lowered British Land to an “equal weight” rating and dropped their target price for the company from GBX 432 ($5.49) to GBX 405 ($5.15) in a research report on Friday, May 3rd.
View Our Latest Research Report on BLND
British Land Stock Performance
British Land Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 20th will be given a dividend of GBX 10.64 ($0.14) per share. This represents a yield of 2.7%. The ex-dividend date is Thursday, June 20th. British Land’s dividend payout ratio (DPR) is -1,932.77%.
Insiders Place Their Bets
In other British Land news, insider Bhavesh Mistry sold 13,286 shares of British Land stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of GBX 419 ($5.32), for a total value of £55,668.34 ($70,734.87). Insiders have bought a total of 112 shares of company stock valued at $45,053 over the last quarter. Company 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.
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