British Land Company PLC (BLND) to Issue Dividend of GBX 10.64 on July 26th

British Land Company PLC (LON:BLND) announced a dividend on Wednesday, May 22nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 20th will be paid a dividend of GBX 10.64 ($0.14) per share on Friday, July 26th. This represents a dividend yield of 2.7%. The ex-dividend date is Thursday, June 20th. The official announcement can be accessed at this link.

British Land Trading Up 1.6 %

Shares of BLND stock opened at GBX 434.60 ($5.52) on Tuesday. The company has a debt-to-equity ratio of 44.97, a quick ratio of 0.25 and a current ratio of 0.59. The stock has a market capitalization of £4.03 billion, a P/E ratio of -359.50, a price-to-earnings-growth ratio of 6.76 and a beta of 1.53. The company has a 50 day moving average price of GBX 406.10 and a 200 day moving average price of GBX 390.15. British Land has a fifty-two week low of GBX 287.30 ($3.65) and a fifty-two week high of GBX 446.80 ($5.68).

Insider Transactions at British Land

In related news, insider Bhavesh Mistry sold 13,286 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of GBX 419 ($5.32), for a total value of £55,668.34 ($70,734.87). Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

BLND has been the subject of a number of research reports. Shore Capital restated a “buy” rating on shares of British Land in a report on Monday, May 20th. Berenberg Bank boosted their price target on shares of British Land from GBX 469 ($5.96) to GBX 500 ($6.35) and gave the stock a “buy” rating in a report on Friday, June 7th. JPMorgan Chase & Co. boosted their price target on shares of British Land from GBX 418 ($5.31) to GBX 460 ($5.84) and gave the stock a “neutral” rating in a report on Thursday, May 23rd. Finally, Barclays cut shares of British Land to an “equal weight” rating and lowered their price target for the stock from GBX 432 ($5.49) to GBX 405 ($5.15) in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 404 ($5.13).

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.