British Land Company PLC (OTCMKTS:BTLCY) Short Interest Update

British Land Company PLC (OTCMKTS:BTLCY) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 3,400 shares, a decrease of 10.5% from the November 30th total of 3,800 shares. Based on an average trading volume of 51,900 shares, the short-interest ratio is currently 0.1 days.

British Land Price Performance

BTLCY stock traded down $0.04 during midday trading on Tuesday, hitting $4.46. 34,357 shares of the stock were exchanged, compared to its average volume of 19,049. The stock’s 50-day moving average price is $4.90 and its 200-day moving average price is $5.28. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 0.59. British Land has a fifty-two week low of $4.29 and a fifty-two week high of $6.31.

British Land Increases Dividend

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

Wall Street Analysts Forecast Growth

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

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.