David Walker Purchases 9,547 Shares of British Land Company PLC (LON:BLND) Stock

British Land Company PLC (LON:BLND) insider David Walker bought 9,547 shares of the stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of GBX 355 ($4.45) per share, for a total transaction of £33,891.85 ($42,486.96).

British Land Stock Up 1.7 %

Shares of BLND opened at GBX 360.80 ($4.52) on Wednesday. The company has a debt-to-equity ratio of 45.09, a current ratio of 0.59 and a quick ratio of 0.25. The stock has a market capitalization of £3.60 billion, a price-to-earnings ratio of -335.97, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. British Land Company PLC has a 1 year low of GBX 342.30 ($4.29) and a 1 year high of GBX 467.80 ($5.86). The business’s 50 day simple moving average is GBX 392.15 and its 200-day simple moving average is GBX 409.69.

British Land Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price target on shares of British Land from GBX 500 ($6.27) to GBX 480 ($6.02) and set a “buy” rating on the stock in a report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, British Land presently has an average rating of “Hold” and an average target price of GBX 448.33 ($5.62).

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.