British Land (OTCMKTS:BTLCY) Sets New 52-Week Low – Here’s Why

Shares of British Land Company PLC (OTCMKTS:BTLCY) reached a new 52-week low during trading on Wednesday . The stock traded as low as $4.23 and last traded at $4.26, with a volume of 19650 shares. The stock had previously closed at $4.47.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group upgraded shares of British Land from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised shares of British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

British Land Stock Down 1.6 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a 50-day moving average of $4.70 and a 200-day moving average of $5.22.

British Land Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 6th will be given a dividend of $0.109 per share. The ex-dividend date of this dividend is Friday, December 6th. This is a positive change from British Land’s previous dividend of $0.10.

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.