Berenberg Bank restated their hold rating on shares of Barratt Developments (LON:BDEV – Free Report) in a research report sent to investors on Friday morning, MarketBeat.com reports. They currently have a GBX 540 ($7.13) price objective on the real estate development company’s stock.
Other analysts have also recently issued reports about the stock. Citigroup reaffirmed a buy rating and set a GBX 615 ($8.12) target price on shares of Barratt Developments in a report on Thursday, September 5th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 560 ($7.40) target price on shares of Barratt Developments in a report on Wednesday, July 17th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a GBX 575 ($7.60) target price on shares of Barratt Developments in a report on Thursday, September 5th.
Check Out Our Latest Stock Report on Barratt Developments
Barratt Developments Stock Down 0.4 %
Barratt Developments Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, September 26th will be paid a GBX 11.80 ($0.16) dividend. This is a boost from Barratt Developments’s previous dividend of $4.40. This represents a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, September 26th. Barratt Developments’s dividend payout ratio (DPR) is presently 13,333.33%.
Insiders Place Their Bets
In other Barratt Developments news, insider Steven J. Boyes sold 118 shares of Barratt Developments stock in a transaction on Thursday, July 11th. The shares were sold at an average price of GBX 483 ($6.38), for a total value of £569.94 ($752.89). Corporate insiders own 1.51% of the company’s stock.
Barratt Developments Company Profile
Barratt Developments plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.
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