British Land (OTCMKTS:BTLCY) Hits New 1-Year Low - What's Next?

British Land Company PLC (OTCMKTS:BTLCY - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.13 and last traded at $4.18, with a volume of 94132 shares traded. The stock had previously closed at $4.19.

Analysts Set New Price Targets

Several equities analysts have weighed in on BTLCY shares. Deutsche Bank Aktiengesellschaft raised British Land from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group upgraded shares of British Land from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

British Land Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 0.59. The firm's 50 day moving average price is $4.66 and its two-hundred day moving average price is $5.20.

British Land Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.109 per share. The ex-dividend date of this dividend is Friday, December 6th. This is a boost from British Land's previous dividend of $0.10.

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.