British Land (OTCMKTS:BTLCY) Stock Crosses Below Fifty Day Moving Average – What’s Next?

British Land Company PLC (OTCMKTS:BTLCY) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.01 and traded as low as $4.47. British Land shares last traded at $4.47, with a volume of 4,050 shares trading hands.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of British Land from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. 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. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

British Land Price Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a fifty day simple moving average of $5.01 and a 200-day simple moving average of $5.30.

British Land Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 6th will be paid a $0.109 dividend. This is a boost from British Land’s previous dividend of $0.10. The ex-dividend date of this dividend is Friday, December 6th.

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.