British Land (OTCMKTS:BTLCY) Shares Pass Below 50-Day Moving Average – Time to Sell?

Shares of British Land Company PLC (OTCMKTS:BTLCY) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.60 and traded as low as $4.42. British Land shares last traded at $4.48, with a volume of 61,989 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BTLCY. The Goldman Sachs Group raised shares of British Land from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded British Land from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, British Land currently has a consensus rating of “Moderate Buy”.

British Land Stock Performance

The business’s 50 day moving average price is $4.60 and its 200-day moving average price is $5.19.

British Land Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 6th will be paid a dividend of $0.109 per share. This is an increase from British Land’s previous dividend of $0.10. The ex-dividend date is Friday, December 6th.

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.