British Land Company PLC (LON:BLND) Insider Mark Aedy Acquires 2,745 Shares

British Land Company PLC (LON:BLND) insider Mark Aedy purchased 2,745 shares of the stock in a transaction dated Thursday, January 2nd. The stock was acquired at an average price of GBX 356 ($4.42) per share, for a total transaction of £9,772.20 ($12,143.90).

Mark Aedy also recently made the following trade(s):

• On Tuesday, October 8th, Mark Aedy bought 2,120 shares of British Land stock. The shares were purchased at an average price of GBX 436 ($5.42) per share, for a total transaction of £9,243.20 ($11,486.52).

British Land Stock Up 0.9 %

Shares of LON BLND opened at GBX 362.40 ($4.50) on Monday. British Land Company PLC has a 1 year low of GBX 342.30 ($4.25) and a 1 year high of GBX 467.80 ($5.81). The firm’s 50 day moving average price is GBX 379.43 and its 200 day moving average price is GBX 405.91. The firm has a market cap of £3.62 billion, a P/E ratio of -335.97, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The company has a debt-to-equity ratio of 45.09, a quick ratio of 0.25 and a current ratio of 0.59.

British Land Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be issued a GBX 12.24 ($0.15) dividend. This represents a dividend yield of 3.18%. The ex-dividend date is Thursday, December 5th. This is a positive change from British Land’s previous dividend of $10.64.

Wall Street Analyst Weigh In

Separately, Berenberg Bank decreased their target price on shares of British Land from GBX 500 ($6.21) to GBX 480 ($5.96) and set a “buy” rating on the stock in a research report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 448.33 ($5.57).

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.