British Land Company PLC (LON:BLND) Insider David Walker Buys 9,547 Shares

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

British Land Price Performance

Shares of BLND stock opened at GBX 354.80 ($4.45) on Tuesday. British Land Company PLC has a 12 month low of GBX 342.30 ($4.29) and a 12 month high of GBX 467.80 ($5.86). The company has a market capitalization of £3.54 billion, a P/E ratio of -335.97, a P/E/G ratio of 6.76 and a beta of 1.55. The stock has a 50 day moving average of GBX 393.62 and a two-hundred day moving average of GBX 410.03. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 45.09.

British Land Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their price objective 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 research note on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, British Land has a consensus rating of “Hold” and an average target price of GBX 448.33 ($5.62).

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.