British Land (LON:BLND) Stock Crosses Above 200 Day Moving Average of $409.96

British Land Company Plc (LON:BLNDGet Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 409.96 ($5.08) and traded as high as GBX 438.90 ($5.43). British Land shares last traded at GBX 435.90 ($5.40), with a volume of 1,069,939 shares trading hands.

Analysts Set New Price Targets

Separately, Barclays reissued an “overweight” rating and set a GBX 540 ($6.69) price objective on shares of British Land in a research note on Thursday, November 17th.

British Land Trading Up 0.2 %

The business’s 50-day moving average is GBX 406.76 and its two-hundred day moving average is GBX 409.96. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 34.53. The stock has a market capitalization of £4.05 billion and a PE ratio of 726.50.

British Land Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, January 6th. Investors of record on Thursday, November 24th were given a dividend of GBX 11.60 ($0.14) per share. The ex-dividend date was Thursday, November 24th. This represents a yield of 2.93%. British Land’s dividend payout ratio (DPR) is 36.53%.

Insider Buying and Selling

In other British Land news, insider Mark Aedy purchased 1,919 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The stock was purchased at an average cost of GBX 394 ($4.88) per share, with a total value of £7,560.86 ($9,360.98). In the last three months, insiders acquired 1,990 shares of company stock valued at $785,784.

About British Land

(Get Rating)

Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2020 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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