British Land Company PLC (LON:BLND) Insider Buys £33,891.85 in Stock

British Land Company PLC (LON:BLND) insider David Walker acquired 9,547 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of GBX 355 ($4.46) per share, with a total value of £33,891.85 ($42,599.11).

British Land Stock Performance

British Land stock traded down GBX 1.40 ($0.02) during trading hours on Monday, hitting GBX 353.60 ($4.44). The company had a trading volume of 106,533,445 shares, compared to its average volume of 7,115,696. The firm has a 50-day moving average of GBX 393.62 and a 200 day moving average of GBX 410.03. The company has a debt-to-equity ratio of 45.09, a current ratio of 0.59 and a quick ratio of 0.25. The firm has a market cap of £3.53 billion, a PE ratio of -335.97, a PEG ratio of 6.76 and a beta of 1.55. British Land Company PLC has a one year low of GBX 342.30 ($4.30) and a one year high of GBX 467.80 ($5.88).

British Land Increases Dividend

The company also recently disclosed 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. This is a boost from British Land’s previous dividend of $10.64. The ex-dividend date is Thursday, December 5th. This represents a yield of 3.18%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their price target on British Land from GBX 500 ($6.28) to GBX 480 ($6.03) and set a “buy” rating for the company in a research report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 448.33 ($5.64).

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.