British Land Company PLC (LON:BLND) Announces Dividend of GBX 12.24

British Land Company PLC (LON:BLND) announced a dividend on Wednesday, November 20th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, December 5th will be given a dividend of GBX 12.24 ($0.16) per share on Wednesday, January 15th. This represents a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 5th. This is a positive change from British Land’s previous dividend of $10.64. The official announcement can be accessed at this link.

British Land Stock Down 1.2 %

Shares of British Land stock traded down GBX 4.60 ($0.06) on Wednesday, reaching GBX 380 ($4.82). The company’s stock had a trading volume of 9,516,786 shares, compared to its average volume of 6,962,548. The company has a market capitalization of £3.80 billion, a price-to-earnings ratio of -335.97, a P/E/G ratio of 6.76 and a beta of 1.55. British Land has a 52 week low of GBX 340 ($4.31) and a 52 week high of GBX 467.80 ($5.94). The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 45.09. The firm’s fifty day simple moving average is GBX 423.11 and its two-hundred day simple moving average is GBX 413.89.

Insider Activity

In other news, insider Mark Aedy purchased 2,120 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was bought at an average price of GBX 436 ($5.53) per share, for a total transaction of £9,243.20 ($11,729.95). In the last quarter, insiders have bought 2,228 shares of company stock valued at $969,349. 0.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Citigroup reissued a “neutral” rating on shares of British Land in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 455 ($5.77).

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.