British Land Company PLC (LON:BLND) Insider Buys £33,891.85 in Stock

Posted by Jessica Moore on Dec 26th, 2024

British Land Company PLC (LON:BLND – Get Free Report) insider David Walker acquired 9,547 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of GBX 355 ($4.45) per share, for a total transaction of £33,891.85 ($42,508.28).

British Land Stock Up 1.7 %

BLND opened at GBX 360.80 ($4.53) on Thursday. The stock has a market capitalization of £3.60 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 quick ratio of 0.25 and a current ratio of 0.59. British Land Company PLC has a one year low of GBX 342.30 ($4.29) and a one year high of GBX 467.80 ($5.87). The business’s 50-day simple moving average is GBX 390.90 and its 200-day simple moving average is GBX 409.42.

British Land Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be paid a GBX 12.24 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 3.18%. This is a boost from British Land’s previous dividend of $10.64.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their target price on shares of British Land from GBX 500 ($6.27) to GBX 480 ($6.02) 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 company. According to MarketBeat, British Land has an average rating of “Hold” and a consensus price target of GBX 448.33 ($5.62).

Read Our Latest Research Report on BLND

About British Land

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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.