Peel Hunt reiterated their hold rating on shares of British Land (LON:BLND) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.
Other equities analysts have also issued reports about the company. UBS Group reaffirmed a buy rating on shares of British Land in a report on Friday, May 10th. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of British Land in a report on Wednesday, May 1st. Deutsche Bank lowered British Land to a hold rating and lowered their target price for the company from GBX 660 ($8.62) to GBX 620 ($8.10) in a report on Wednesday, April 24th. Liberum Capital reaffirmed a hold rating on shares of British Land in a report on Tuesday, April 23rd. Finally, Royal Bank of Canada initiated coverage on British Land in a report on Tuesday, February 12th. They issued a sector performer rating and a GBX 550 ($7.19) price objective for the company. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 613.29 ($8.01).
LON:BLND opened at GBX 557.80 ($7.29) on Tuesday. The company has a market cap of $5.36 billion and a PE ratio of 26.95. British Land has a 52 week low of GBX 520 ($6.79) and a 52 week high of GBX 703 ($9.19). The company has a debt-to-equity ratio of 31.78, a current ratio of 1.18 and a quick ratio of 0.60.
The firm also recently disclosed a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 27th will be issued a GBX 7.75 ($0.10) dividend. This represents a yield of 1.38%. The ex-dividend date is Thursday, June 27th. British Land’s dividend payout ratio (DPR) is 1.50%.
In other news, insider William Jackson bought 2,310 shares of the business’s stock in a transaction on Friday, April 5th. The stock was purchased at an average cost of GBX 599 ($7.83) per share, for a total transaction of £13,836.90 ($18,080.36). Also, insider Chris Grigg sold 4,978 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of GBX 604 ($7.89), for a total value of £30,067.12 ($39,288.02). Insiders purchased a total of 2,386 shares of company stock valued at $1,428,485 over the last three months.
About British Land
Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £16.8bn (British Land share: £12.9bn) as at 30 September 2018 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.
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