UBS Group reiterated their buy rating on shares of British Land (LON:BLND) in a report issued on Friday, September 20th, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts also recently issued reports on BLND. Liberum Capital restated a hold rating and set a GBX 585 ($7.64) price objective on shares of British Land in a research report on Wednesday, September 18th. Peel Hunt restated a hold rating on shares of British Land in a research report on Tuesday, September 17th. Royal Bank of Canada restated a sector performer rating and set a GBX 600 ($7.84) price objective on shares of British Land in a research report on Monday, June 24th. Deutsche Bank restated a hold rating on shares of British Land in a research report on Thursday, September 19th. Finally, Morgan Stanley decreased their price objective on British Land from GBX 600 ($7.84) to GBX 530 ($6.93) and set an equal weight rating on the stock in a research report on Monday, September 2nd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 590.62 ($7.72).
Shares of British Land stock opened at GBX 581.60 ($7.60) on Friday. The stock has a 50 day moving average of GBX 516.07 and a 200 day moving average of GBX 553.53. British Land has a 12 month low of GBX 465.30 ($6.08) and a 12 month high of GBX 645 ($8.43). The firm has a market cap of $5.41 billion and a PE ratio of -19.39. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 37.44.
The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be paid a GBX 7.98 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a yield of 1.48%. This is a boost from British Land’s previous dividend of $7.75. British Land’s dividend payout ratio is -1.07%.
In related news, insider Tim Score sold 2,973 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of GBX 560 ($7.32), for a total value of £16,648.80 ($21,754.61).
About British Land
Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £16.8bn (British Land share: £12.9bn) as at 30 September 2018 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.
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