Peel Hunt reissued their hold rating on shares of British Land (LON:BLND) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports.
A number of other research firms have also weighed in on BLND. Goldman Sachs Group reissued a neutral rating on shares of British Land in a research report on Thursday, August 8th. Morgan Stanley cut their price objective on shares of British Land from GBX 600 ($7.84) to GBX 530 ($6.93) and set an equal weight rating for the company in a research report on Monday, September 2nd. Royal Bank of Canada reissued a sector performer rating and issued a GBX 600 ($7.84) price objective on shares of British Land in a research report on Monday, June 24th. Deutsche Bank reissued a hold rating on shares of British Land in a research report on Friday, July 12th. Finally, Liberum Capital restated a hold rating and issued a GBX 950 ($12.41) target price on shares of British Land in a report on Wednesday, June 26th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. British Land currently has a consensus rating of Hold and an average target price of GBX 590.62 ($7.72).
LON:BLND opened at GBX 558.40 ($7.30) on Tuesday. The firm has a 50 day simple moving average of GBX 508.75 and a 200-day simple moving average of GBX 554.68. The company has a debt-to-equity ratio of 37.44, a current ratio of 0.94 and a quick ratio of 0.70. The firm has a market cap of $5.20 billion and a PE ratio of -18.61. British Land has a 1-year low of GBX 465.30 ($6.08) and a 1-year high of GBX 645 ($8.43).
The business also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be issued a GBX 7.98 ($0.10) dividend. This represents a yield of 1.48%. This is an increase from British Land’s previous dividend of $7.75. The ex-dividend date is Thursday, October 3rd. British Land’s payout ratio is presently -1.07%.
In related news, insider Tim Score sold 2,973 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of GBX 560 ($7.32), for a total value of £16,648.80 ($21,754.61).
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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