British Land (OTCMKTS:BTLCY) Stock Passes Below 50-Day Moving Average - Here's What Happened

Shares of British Land Company PLC (OTCMKTS:BTLCY - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.01 and traded as low as $4.47. British Land shares last traded at $4.47, with a volume of 4,050 shares.

Wall Street Analysts Forecast Growth

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

British Land Stock Down 1.3 %

The company has a debt-to-equity ratio of 0.41, a current ratio of 0.59 and a quick ratio of 0.59. The business has a 50-day moving average price of $4.99 and a 200-day moving average price of $5.30.

British Land Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 6th will be paid a $0.109 dividend. The ex-dividend date of this dividend is Friday, December 6th. This is an increase 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.