British Land Company PLC (LON:BLND) Insider David Walker Purchases 9,547 Shares

British Land Company PLC (LON:BLND) insider David Walker purchased 9,547 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of GBX 355 ($4.45) per share, for a total transaction of £33,891.85 ($42,486.96).

British Land Stock Performance

BLND stock opened at GBX 354.80 ($4.45) on Tuesday. The stock has a market capitalization of £3.54 billion, a PE ratio of -335.97, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The company has a debt-to-equity ratio of 45.09, a current ratio of 0.59 and a quick ratio of 0.25. The company has a 50 day moving average price of GBX 393.62 and a 200 day moving average price of GBX 410.03. British Land Company PLC has a fifty-two week low of GBX 342.30 ($4.29) and a fifty-two week high of GBX 467.80 ($5.86).

British Land Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be paid a dividend of GBX 12.24 ($0.15) per share. This represents a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 5th. This is a positive change from British Land’s previous dividend of $10.64.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their target price on British Land from GBX 500 ($6.27) to GBX 480 ($6.02) and set a “buy” rating on the stock in a report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 448.33 ($5.62).

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.