British Land (BLND) Rating Reiterated by Liberum Capital

Liberum Capital reaffirmed their hold rating on shares of British Land (LON:BLND) in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports.

Other analysts also recently issued reports about the company. UBS Group restated a buy rating on shares of British Land in a research note on Friday, May 10th. Peel Hunt restated a hold rating on shares of British Land in a research note on Monday, May 6th. JPMorgan Chase & Co. restated a neutral rating on shares of British Land in a research note on Wednesday, May 1st. Deutsche Bank downgraded British Land to a hold rating and reduced their target price for the company from GBX 660 ($8.62) to GBX 620 ($8.10) in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada assumed coverage on British Land in a research note on Tuesday, February 12th. They issued a sector performer rating and a GBX 550 ($7.19) target price for the company. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 616.50 ($8.06).

Shares of BLND traded up GBX 4.20 ($0.05) during trading hours on Wednesday, hitting GBX 564.40 ($7.37). The stock had a trading volume of 4,191,850 shares, compared to its average volume of 3,540,000. The company has a debt-to-equity ratio of 31.78, a current ratio of 1.18 and a quick ratio of 0.60. The company has a market cap of $5.34 billion and a PE ratio of 27.27. British Land has a 1-year low of GBX 520 ($6.79) and a 1-year high of GBX 703 ($9.19).

The business also recently declared a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will be paid a dividend of GBX 7.75 ($0.10) per share. The ex-dividend date is Thursday, June 27th. This represents a yield of 1.38%. British Land’s dividend payout ratio (DPR) is currently 1.50%.

In related news, insider William Jackson purchased 2,310 shares of the business’s stock in a transaction on Friday, April 5th. The stock was acquired at an average price of GBX 599 ($7.83) per share, for a total transaction of £13,836.90 ($18,080.36). Also, insider Chris Grigg sold 4,978 shares of British Land stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of GBX 604 ($7.89), for a total value of £30,067.12 ($39,288.02). Insiders have acquired a total of 2,386 shares of company stock valued at $1,428,485 in the last quarter.

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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Analyst Recommendations for British Land (LON:BLND)

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