Barratt Developments plc (LON:BDEV) Increases Dividend to GBX 11.80 Per Share

Barratt Developments plc (LON:BDEV) announced a dividend on Wednesday, September 4th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 26th will be given a dividend of GBX 11.80 ($0.16) per share by the real estate development company on Friday, November 1st. This represents a yield of 2.27%. The ex-dividend date of this dividend is Thursday, September 26th. This is an increase from Barratt Developments’s previous dividend of $4.40. The official announcement can be viewed at this link.

Barratt Developments Stock Performance

Shares of LON BDEV opened at GBX 495.20 ($6.63) on Wednesday. The company has a current ratio of 4.55, a quick ratio of 0.93 and a debt-to-equity ratio of 4.46. Barratt Developments has a 12 month low of GBX 384.15 ($5.14) and a 12 month high of GBX 582.60 ($7.80). The company has a 50 day simple moving average of GBX 516.62 and a two-hundred day simple moving average of GBX 493.64. The stock has a market cap of £7.13 billion, a price-to-earnings ratio of 4,114.17, a PEG ratio of 10.02 and a beta of 1.63.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 560 ($7.50) target price on shares of Barratt Developments in a research note on Wednesday, July 17th. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 575 ($7.70) target price on shares of Barratt Developments in a research note on Thursday, September 5th. Citigroup reiterated a “buy” rating and issued a GBX 615 ($8.24) target price on shares of Barratt Developments in a research note on Thursday, September 5th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 540 ($7.23) target price on shares of Barratt Developments in a research note on Friday, September 13th.

Insider Transactions at Barratt Developments

In other news, insider Steven J. Boyes sold 118 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of GBX 483 ($6.47), for a total transaction of £569.94 ($763.18). Insiders own 1.52% of the company’s stock.

Barratt Developments Company Profile

Barratt Developments plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.