British Land (LON:BLND) Reaches New 1-Year Low – What’s Next?

British Land Company PLC (LON:BLND)’s share price reached a new 52-week low on Thursday . The stock traded as low as GBX 35.87 ($0.45) and last traded at GBX 351.20 ($4.39), with a volume of 7231958 shares traded. The stock had previously closed at GBX 352.20 ($4.40).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price objective on British Land from GBX 500 ($6.24) to GBX 480 ($5.99) and set a “buy” rating for the company in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, British Land has a consensus rating of “Hold” and a consensus target price of GBX 448.33 ($5.60).

British Land Trading Up 0.8 %

The stock has a market cap of £3.55 billion, a PE ratio of -335.97, a PEG ratio of 6.76 and a beta of 1.55. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 45.09. The stock’s fifty day moving average price is GBX 364.51 and its 200 day moving average price is GBX 398.39.

British Land (LON:BLND) last issued its earnings results on Wednesday, November 20th. The company reported GBX 15.30 ($0.19) EPS for the quarter. British Land had a positive return on equity of 0.02% and a negative net margin of 0.15%. On average, sell-side analysts forecast that British Land Company PLC will post 29.375 EPS for the current year.

British Land Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th were paid a dividend of GBX 12.24 ($0.15) per share. The ex-dividend date was Thursday, December 5th. This represents a yield of 3.18%. This is a boost from British Land’s previous dividend of $10.64.

Insider Transactions at British Land

In other British Land news, insider Mark Aedy purchased 2,745 shares of British Land stock in a transaction dated Thursday, January 2nd. The stock was purchased at an average price of GBX 356 ($4.44) per share, with a total value of £9,772.20 ($12,201.52). Also, insider David Walker acquired 9,547 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of GBX 355 ($4.43) per share, for a total transaction of £33,891.85 ($42,317.21). Insiders purchased 12,375 shares of company stock worth $4,396,194 over the last three months. 0.21% of the stock is currently 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.