British Land (LON:BLND) Reaches New 12-Month Low - What's Next?

British Land Company PLC (LON:BLND - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as GBX 339.09 ($4.17) and last traded at GBX 342.40 ($4.21), with a volume of 4201175 shares changing hands. The stock had previously closed at GBX 345.80 ($4.25).

Analyst Ratings Changes

Separately, Berenberg Bank cut their price target on British Land from GBX 500 ($6.15) to GBX 480 ($5.91) and set a "buy" rating on the stock 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 448.33 ($5.52).

British Land Stock Performance

The company has a market capitalization of £3.38 billion, a PE ratio of -335.97, a PEG ratio of 6.76 and a beta of 1.55. The firm has a 50-day moving average of GBX 374.01 and a two-hundred day moving average of GBX 403.53. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 45.09.

British Land Increases Dividend

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

Insider Transactions at British Land

In other British Land news, insider David Walker bought 9,547 shares of the stock in a transaction on Monday, December 23rd. The shares were bought at an average price of GBX 355 ($4.37) per share, with a total value of £33,891.85 ($41,702.78). Also, insider Mark Aedy purchased 2,745 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was acquired at an average cost of GBX 356 ($4.38) per share, for a total transaction of £9,772.20 ($12,024.36). Insiders acquired a total of 12,367 shares of company stock valued at $4,396,320 in the last three months. 0.21% of the stock is currently owned by company insiders.

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.