British Land Company PLC (LON:BLND) Insider David Walker Purchases 41 Shares

British Land Company PLC (LON:BLND) insider David Walker acquired 41 shares of the business’s stock in a transaction on Friday, February 14th. The shares were purchased at an average price of GBX 373 ($4.71) per share, with a total value of £152.93 ($192.95).

David Walker also recently made the following trade(s):

• On Tuesday, January 14th, David Walker purchased 43 shares of British Land stock. The shares were bought at an average cost of GBX 343 ($4.33) per share, for a total transaction of £147.49 ($186.08).
• On Monday, December 23rd, David Walker purchased 9,547 shares of British Land stock. The shares were bought at an average cost of GBX 355 ($4.48) per share, for a total transaction of £33,891.85 ($42,760.35).

British Land Trading Down 0.5 %

Shares of BLND stock opened at GBX 371.20 ($4.68) on Tuesday. The firm has a market cap of £3.70 billion, a P/E ratio of 4.03, a PEG ratio of 6.76 and a beta of 1.55. British Land Company PLC has a 1-year low of GBX 337.20 ($4.25) and a 1-year high of GBX 467.80 ($5.90). The company has a debt-to-equity ratio of 44.14, a current ratio of 0.59 and a quick ratio of 0.25. The firm’s 50-day simple moving average is GBX 360.67 and its 200-day simple moving average is GBX 393.48.

British Land (LON:BLND) last announced its quarterly earnings data on Wednesday, November 20th. The company reported GBX 15.30 ($0.19) earnings per share for the quarter. British Land had a net margin of 171.35% and a return on equity of 18.53%. As a group, equities analysts forecast that British Land Company PLC will post 29.375 EPS for the current year.

British Land Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were issued a GBX 12.24 ($0.15) dividend. This is a positive change from British Land’s previous dividend of $10.64. The ex-dividend date of this dividend was Thursday, December 5th. This represents a yield of 3.18%. British Land’s dividend payout ratio (DPR) is presently 24.98%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price target on shares of British Land from GBX 500 ($6.31) to GBX 480 ($6.06) and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 448.33 ($5.66).

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.