Hsbc Global Res Upgrades British Land (OTCMKTS:BTLCY) to Strong-Buy

Hsbc Global Res upgraded shares of British Land (OTCMKTS:BTLCY - Free Report) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Separately, The Goldman Sachs Group raised shares of British Land from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy".

British Land Price Performance

BTLCY stock traded down $0.11 during midday trading on Monday, hitting $4.50. The stock had a trading volume of 139,897 shares, compared to its average volume of 64,606. British Land has a 1-year low of $4.13 and a 1-year high of $6.31. The business has a fifty day moving average price of $4.52 and a two-hundred day moving average price of $5.12.

British Land Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 6th were given a $0.109 dividend. This is an increase from British Land's previous dividend of $0.10. The ex-dividend date of this dividend was Friday, December 6th.

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.