British Land (LON:BLND) Sets New 52-Week Low – Time to Sell?

British Land Company PLC (LON:BLND) reached a new 52-week low during trading on Thursday . The company traded as low as GBX 35.87 ($0.44) and last traded at GBX 351.20 ($4.32), with a volume of 7231958 shares changing hands. The stock had previously closed at GBX 352.20 ($4.34).

Analyst Ratings Changes

Separately, Berenberg Bank reduced their price target on shares of British Land from GBX 500 ($6.16) to GBX 480 ($5.91) and set a “buy” rating for the company in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 448.33 ($5.52).

British Land Price Performance

The firm has a market capitalization of £3.51 billion, a P/E ratio of -335.97, a P/E/G ratio of 6.76 and a beta of 1.55. The company has a debt-to-equity ratio of 45.09, a current ratio of 0.59 and a quick ratio of 0.25. The stock’s fifty day simple moving average is GBX 365.84 and its 200 day simple moving average is GBX 399.13.

British Land (LON:BLND) last posted its earnings results on Wednesday, November 20th. The company reported GBX 15.30 ($0.19) EPS for the quarter. British Land had a negative net margin of 0.15% and a positive return on equity of 0.02%. On average, equities research analysts predict that British Land Company PLC will post 29.375 EPS for the current year.

British Land Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were given a dividend of GBX 12.24 ($0.15) per share. This is a positive change from British Land’s previous dividend of $10.64. This represents a yield of 3.18%. The ex-dividend date was Thursday, December 5th.

Insider Activity at British Land

In other British Land news, insider David Walker bought 9,547 shares of British Land stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of GBX 355 ($4.37) per share, with a total value of £33,891.85 ($41,723.32). Also, insider Mark Aedy purchased 2,745 shares of the stock in a transaction on Thursday, January 2nd. The stock was acquired at an average cost of GBX 356 ($4.38) per share, for a total transaction of £9,772.20 ($12,030.28). Insiders purchased 12,375 shares of company stock valued at $4,396,194 in the last three months. 0.21% of the stock is owned by 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.