British Land (OTCMKTS:BTLCY) Hits New 1-Year Low – Time to Sell?

British Land Company PLC (OTCMKTS:BTLCY)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $4.13 and last traded at $4.18, with a volume of 94132 shares changing hands. The stock had previously closed at $4.19.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of British Land from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

British Land Stock Performance

The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average price is $4.64 and its two-hundred day moving average price is $5.20.

British Land Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 6th will be given a dividend of $0.109 per share. This is an increase from British Land’s previous dividend of $0.10. The ex-dividend date is Friday, December 6th.

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.