British Land (OTCMKTS:BTLCY) Trading 0.8% Higher – Time to Buy?

Shares of British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) were up 0.8% during trading on Thursday . The stock traded as high as $4.75 and last traded at $4.75. Approximately 9,147 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 9,035 shares. The stock had previously closed at $4.71.

Analyst Ratings Changes

A number of research firms recently weighed in on BTLCY. UBS Group lowered shares of British Land from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 26th. Kepler Capital Markets cut shares of British Land from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 30th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy”.

British Land Stock Up 0.8%

The firm has a 50-day moving average price of $5.19 and a 200-day moving average price of $4.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.25 and a current ratio of 0.25.

British Land Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, August 4th. Investors of record on Monday, June 23rd will be issued a dividend of $0.0946 per share. The ex-dividend date is Friday, June 20th. This represents a yield of 3.81%.

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.