David Walker Buys 43 Shares of British Land Company PLC (LON:BLND) Stock

British Land Company PLC (LON:BLND) insider David Walker acquired 43 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was purchased at an average cost of GBX 343 ($4.20) per share, for a total transaction of £147.49 ($180.53).

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

• On Monday, December 23rd, David Walker bought 9,547 shares of British Land stock. The stock was purchased at an average price of GBX 355 ($4.35) per share, with a total value of £33,891.85 ($41,483.29).

British Land Stock Up 0.4 %

LON:BLND traded up GBX 1.40 ($0.02) during trading hours on Thursday, reaching GBX 358 ($4.38). The company’s stock had a trading volume of 5,706,875 shares, compared to its average volume of 39,231,344. The company has a debt-to-equity ratio of 45.09, a quick ratio of 0.25 and a current ratio of 0.59. The company has a market capitalization of £3.58 billion, a P/E ratio of -335.97, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The stock has a 50 day moving average price of GBX 369.57 and a two-hundred day moving average price of GBX 401.52. British Land Company PLC has a 12 month low of GBX 337.20 ($4.13) and a 12 month high of GBX 467.80 ($5.73).

British Land Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased their price objective on British Land from GBX 500 ($6.12) to GBX 480 ($5.88) and set a “buy” rating for the company in a report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 448.33 ($5.49).

About British Land

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.