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

British Land Company PLC (OTCMKTS:BTLCY)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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.

Wall Street Analyst Weigh In

BTLCY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded British Land from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group raised British Land from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

British Land Trading Up 1.1 %

The company’s 50-day moving average price is $5.01 and its 200-day moving average price is $5.30. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.59 and a quick ratio of 0.59.

British Land Increases Dividend

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

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.