Citigroup reiterated their neutral rating on shares of British Land (LON:BLND – Free Report) in a research report released on Thursday, MarketBeat reports.
Several other analysts also recently commented on the stock. Berenberg Bank raised their price objective on shares of British Land from GBX 469 ($6.07) to GBX 500 ($6.47) and gave the company a buy rating in a research report on Friday, June 7th. Shore Capital reissued a buy rating on shares of British Land in a report on Wednesday, July 3rd. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of British Land in a research note on Wednesday, July 3rd. Finally, Barclays cut British Land to an equal weight rating and cut their target price for the stock from GBX 432 ($5.59) to GBX 405 ($5.24) in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of GBX 404 ($5.23).
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British Land Price Performance
British Land Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, July 26th. Stockholders of record on Thursday, June 20th were issued a GBX 10.64 ($0.14) dividend. The ex-dividend date was Thursday, June 20th. This represents a dividend yield of 2.7%. British Land’s dividend payout ratio (DPR) is -1,932.77%.
Insider Buying and Selling
In other news, insider Irvinder Goodhew bought 3,504 shares of the stock in a transaction dated Wednesday, July 10th. The stock was purchased at an average cost of GBX 412 ($5.33) per share, for a total transaction of £14,436.48 ($18,671.08). In other British Land news, insider Irvinder Goodhew bought 3,504 shares of British Land stock in a transaction dated Wednesday, July 10th. The shares were purchased at an average cost of GBX 412 ($5.33) per share, for a total transaction of £14,436.48 ($18,671.08). Also, insider Bhavesh Mistry sold 13,286 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of GBX 419 ($5.42), for a total transaction of £55,668.34 ($71,997.34). Over the last three months, insiders have bought 3,612 shares of company stock worth $1,488,553. Corporate insiders own 0.19% of the company’s stock.
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.
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