British Land (LON:BLND) Sets New 52-Week Low - Time to Sell?

British Land Company PLC (LON:BLND - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as GBX 35.87 ($0.44) and last traded at GBX 351.20 ($4.32), with a volume of 7231958 shares. The stock had previously closed at GBX 352.20 ($4.34).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their price target on British Land from GBX 500 ($6.16) to GBX 480 ($5.91) and set a "buy" rating for the company in a report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of GBX 448.33 ($5.52).

British Land Price Performance

The firm has a market cap of £3.52 billion, a price-to-earnings ratio of -335.97, a P/E/G ratio of 6.76 and a beta of 1.55. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 45.09. The company has a 50 day moving average of GBX 365.18 and a 200 day moving average of GBX 398.71.

British Land (LON:BLND - Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The company reported GBX 15.30 ($0.19) earnings per share (EPS) for the quarter. British Land had a positive return on equity of 0.02% and a negative net margin of 0.15%. Equities research analysts predict that British Land Company PLC will post 29.375 EPS for the current fiscal year.

British Land Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th were issued a GBX 12.24 ($0.15) dividend. This is a boost from British Land's previous dividend of $10.64. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 3.18%.

Insider Buying and Selling

In other British Land news, insider Mark Aedy purchased 2,745 shares of British Land stock in a transaction that occurred on Thursday, January 2nd. The stock was acquired at an average price of GBX 356 ($4.38) per share, for a total transaction of £9,772.20 ($12,030.28). Also, insider David Walker acquired 9,547 shares of British Land stock in a transaction dated Monday, December 23rd. The shares were purchased at an average price of GBX 355 ($4.37) per share, with a total value of £33,891.85 ($41,723.32). Over the last 90 days, insiders acquired 12,375 shares of company stock worth $4,396,194. Company insiders own 0.21% of the company's stock.

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.