Barratt Developments plc (BDEV) To Go Ex-Dividend on September 26th

Barratt Developments plc (LON:BDEV) announced a dividend on Wednesday, September 4th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 26th will be paid a dividend of GBX 11.80 ($0.16) per share by the real estate development company on Friday, November 1st. This represents a yield of 2.27%. The ex-dividend date is Thursday, September 26th. This is an increase from Barratt Developments’s previous dividend of $4.40. The official announcement can be viewed at this link.

Barratt Developments Stock Performance

LON BDEV opened at GBX 500 ($6.67) on Tuesday. The company has a market cap of £7.20 billion, a P/E ratio of 4,166.67, a P/E/G ratio of 10.02 and a beta of 1.63. The business’s 50 day moving average price is GBX 516.62 and its 200-day moving average price is GBX 493.64. Barratt Developments has a fifty-two week low of GBX 384.15 ($5.13) and a fifty-two week high of GBX 582.60 ($7.78). The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.93 and a current ratio of 4.55.

Insider Activity

In related news, insider Steven J. Boyes sold 118 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of GBX 483 ($6.45), for a total transaction of £569.94 ($760.73). Company insiders own 1.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BDEV shares. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 575 ($7.67) target price on shares of Barratt Developments in a report on Thursday, September 5th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 560 ($7.47) price target on shares of Barratt Developments in a report on Wednesday, July 17th. Berenberg Bank reissued a “hold” rating and set a GBX 540 ($7.21) target price on shares of Barratt Developments in a research note on Friday, September 13th. Finally, Citigroup reissued a “buy” rating and set a GBX 615 ($8.21) price target on shares of Barratt Developments in a research report on Thursday, September 5th.

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.