British Land Company PLC (LON:BLND) Insider David Walker Purchases 43 Shares of Stock

British Land Company PLC (LON:BLND) insider David Walker acquired 43 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was acquired at an average price of GBX 343 ($4.20) per share, with a total value of £147.49 ($180.46).

David Walker also recently made the following trade(s):

• On Monday, December 23rd, David Walker purchased 9,547 shares of British Land stock. The stock was bought at an average cost of GBX 355 ($4.34) per share, for a total transaction of £33,891.85 ($41,468.07).

British Land Price Performance

Shares of LON:BLND opened at GBX 358 ($4.38) on Friday. British Land Company PLC has a one year low of GBX 337.20 ($4.13) and a one year high of GBX 467.80 ($5.72). The company has a 50-day simple moving average of GBX 368.73 and a 200-day simple moving average of GBX 401.03. The company has a debt-to-equity ratio of 45.09, a quick ratio of 0.25 and a current ratio of 0.59. The stock has a market capitalization of £3.58 billion, a price-to-earnings ratio of -335.97, a PEG ratio of 6.76 and a beta of 1.55.

British Land Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were given a GBX 12.24 ($0.15) dividend. 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 was Thursday, December 5th.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their price target on shares of British Land from GBX 500 ($6.12) to GBX 480 ($5.87) and set a “buy” rating for the company in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 448.33 ($5.49).

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.