Simon Carter Buys 45 Shares of British Land Company PLC (LON:BLND) Stock

British Land Company PLC (LON:BLND) insider Simon Carter bought 45 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of GBX 328 ($4.03) per share, for a total transaction of £147.60 ($181.26).

Simon Carter also recently made the following trade(s):

• On Monday, October 16th, Simon Carter bought 48 shares of British Land stock. The stock was purchased at an average price of GBX 312 ($3.83) per share, with a total value of £149.76 ($183.91).
• On Thursday, September 14th, Simon Carter purchased 48 shares of British Land stock. The shares were purchased at an average price of GBX 316 ($3.88) per share, for a total transaction of £151.68 ($186.27).

British Land Stock Performance

LON BLND opened at GBX 355.40 ($4.36) on Thursday. The business’s 50-day moving average price is GBX 312.67 and its 200 day moving average price is GBX 328.35. The company has a current ratio of 0.27, a quick ratio of 0.25 and a debt-to-equity ratio of 44.53. British Land Company PLC has a twelve month low of GBX 287.30 ($3.53) and a twelve month high of GBX 522.30 ($6.41). The company has a market capitalization of £3.30 billion, a PE ratio of -319.46, a price-to-earnings-growth ratio of 6.76 and a beta of 1.47.

British Land Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, November 23rd will be issued a GBX 12.16 ($0.15) dividend. This represents a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, November 23rd. This is a positive change from British Land’s previous dividend of $11.04. British Land’s dividend payout ratio (DPR) is -2,053.57%.

Analyst Ratings Changes

Several research firms have issued reports on BLND. Peel Hunt reiterated a “buy” rating and set a GBX 405 ($4.97) target price on shares of British Land in a research report on Tuesday, September 26th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of British Land in a research note on Thursday, July 20th. Shore Capital reaffirmed a “hold” rating on shares of British Land in a report on Monday. Finally, Jefferies Financial Group cut British Land to an “underperform” rating and set a GBX 250 ($3.07) price target on the stock. in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, British Land has an average rating of “Hold” and an average price target of GBX 414 ($5.08).

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.