British Land Company PLC (LON:BLND) Insider Mark Aedy Buys 2,745 Shares of Stock

British Land Company PLC (LON:BLND) insider Mark Aedy bought 2,745 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were purchased at an average price of GBX 356 ($4.42) per share, for a total transaction of £9,772.20 ($12,139.38).

Mark Aedy also recently made the following trade(s):

• On Tuesday, October 8th, Mark Aedy purchased 2,120 shares of British Land stock. The stock was acquired at an average cost of GBX 436 ($5.42) per share, for a total transaction of £9,243.20 ($11,482.24).

British Land Price Performance

Shares of LON:BLND opened at GBX 362.40 ($4.50) on Friday. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 45.09. The firm has a 50-day simple moving average of GBX 379.43 and a 200 day simple moving average of GBX 406.18. British Land Company PLC has a fifty-two week low of GBX 342.30 ($4.25) and a fifty-two week high of GBX 467.80 ($5.81). The company has a market cap of £3.62 billion, a PE ratio of -335.97, a P/E/G ratio of 6.76 and a beta of 1.55.

British Land Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be paid a dividend of GBX 12.24 ($0.15) per share. This represents a yield of 3.18%. This is a positive change from British Land’s previous dividend of $10.64. The ex-dividend date is Thursday, December 5th.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their price objective on British Land from GBX 500 ($6.21) to GBX 480 ($5.96) and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, British Land presently has an average rating of “Hold” and an average price target of GBX 448.33 ($5.57).

About British Land

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.