British Land (OTCMKTS:BTLCY) Rating Increased to Strong-Buy at Hsbc Global Res

Hsbc Global Res upgraded shares of British Land (OTCMKTS:BTLCY) from a hold rating to a strong-buy rating in a report released on Monday,Zacks.com reports.

Separately, 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. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

British Land Price Performance

Shares of BTLCY stock opened at $4.55 on Monday. British Land has a 1-year low of $4.13 and a 1-year high of $6.31. The firm has a fifty day moving average of $4.54 and a two-hundred day moving average of $5.13.

British Land Increases Dividend

The company also recently declared a dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 6th were paid a $0.109 dividend. The ex-dividend date was Friday, December 6th. This is a positive change from British Land’s previous dividend of $0.10.

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.