British Land (LON:BLND) Reaches New 1-Year Low – What’s Next?

British Land Company PLC (LON:BLND)’s share price reached a new 52-week low on Thursday . The stock traded as low as GBX 35.87 ($0.45) and last traded at GBX 351.20 ($4.39), with a volume of 7231958 shares traded. The stock had previously closed at GBX 352.20 ($4.40).

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their price objective on British Land from GBX 500 ($6.24) to GBX 480 ($5.99) and set a “buy” rating for the company in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, British Land presently has an average rating of “Hold” and an average price target of GBX 448.33 ($5.60).

British Land Stock Performance

The stock has a market cap of £3.55 billion, a P/E ratio of -335.97, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The company has a debt-to-equity ratio of 45.09, a current ratio of 0.59 and a quick ratio of 0.25. The company has a 50 day simple moving average of GBX 364.51 and a 200-day simple moving average of GBX 398.39.

British Land (LON:BLND) last issued its earnings results on Wednesday, November 20th. The company reported GBX 15.30 ($0.19) EPS for the quarter. British Land had a negative net margin of 0.15% and a positive return on equity of 0.02%. On average, equities analysts expect that British Land Company PLC will post 29.375 earnings per share for the current fiscal year.

British Land Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were issued a dividend of GBX 12.24 ($0.15) per share. This is a positive change from British Land’s previous dividend of $10.64. This represents a yield of 3.18%. The ex-dividend date of this dividend was Thursday, December 5th.

Insiders Place Their Bets

In related news, insider Mark Aedy acquired 2,745 shares of the stock in a transaction on Thursday, January 2nd. The stock was acquired at an average cost of GBX 356 ($4.44) per share, for a total transaction of £9,772.20 ($12,201.52). Also, insider David Walker acquired 9,547 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of GBX 355 ($4.43) per share, for a total transaction of £33,891.85 ($42,317.21). Insiders have bought a total of 12,375 shares of company stock valued at $4,396,194 in the last quarter. Insiders own 0.21% of the company’s stock.

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.