Citigroup reissued their neutral rating on shares of British Land (LON:BLND – Free Report) in a research note published on Thursday morning, MarketBeat reports.
BLND has been the topic of a number of other research reports. Barclays lowered British Land to an equal weight rating and lowered their price objective for the stock from GBX 432 ($5.59) to GBX 405 ($5.24) in a research note on Friday, May 3rd. JPMorgan Chase & Co. reissued a neutral rating on shares of British Land in a research note on Wednesday, July 3rd. Shore Capital reissued a buy rating on shares of British Land in a research note on Wednesday, July 3rd. Finally, Berenberg Bank boosted their price objective on British Land from GBX 469 ($6.07) to GBX 500 ($6.47) and gave the stock a buy rating in a research note on Friday, June 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of GBX 404 ($5.23).
View Our Latest Analysis on British Land
British Land Stock Performance
British Land Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, July 26th. Shareholders of record on Thursday, June 20th were issued a dividend of GBX 10.64 ($0.14) per share. The ex-dividend date of this dividend was Thursday, June 20th. This represents a yield of 2.7%. 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 the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of GBX 419 ($5.42), for a total transaction of £55,668.34 ($71,997.34). In other British Land news, insider Irvinder Goodhew acquired 3,504 shares of the stock in a transaction dated Wednesday, July 10th. The stock was acquired at an average cost of GBX 412 ($5.33) per share, with a total value of £14,436.48 ($18,671.08). Also, insider Bhavesh Mistry sold 13,286 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of GBX 419 ($5.42), for a total value of £55,668.34 ($71,997.34). Insiders have purchased a total of 3,612 shares of company stock worth $1,488,553 in the last quarter. 0.19% of the stock is owned by company insiders.
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.
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