British Land Company PLC (LON:BLND – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 339.09 ($4.14) and last traded at GBX 342.40 ($4.18), with a volume of 4201175 shares trading hands. The stock had previously closed at GBX 345.80 ($4.22).
Wall Street Analyst Weigh In
Separately, Berenberg Bank lowered their price target on British Land from GBX 500 ($6.11) to GBX 480 ($5.86) and set a “buy” rating for the company in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 448.33 ($5.47).
View Our Latest Analysis on BLND
British Land Stock Down 1.5 %
British Land Increases Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be issued a GBX 12.24 ($0.15) dividend. 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. This represents a dividend yield of 3.18%.
Insider Buying and Selling
In related news, insider David Walker acquired 9,547 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of GBX 355 ($4.33) per share, with a total value of £33,891.85 ($41,381.99). Also, insider Mark Aedy bought 2,745 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were bought at an average cost of GBX 356 ($4.35) per share, for a total transaction of £9,772.20 ($11,931.87). Insiders bought 12,367 shares of company stock valued at $4,396,320 over the last quarter. 0.21% of the stock is currently owned by company insiders.
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.
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