British Land (LON:BLND) Receives Buy Rating from Shore Capital

Shore Capital reissued their buy rating on shares of British Land (LON:BLND) in a report published on Monday, MarketBeat.com reports.

Separately, Barclays lowered shares of British Land to an equal weight rating and reduced their price objective for the stock from GBX 432 ($5.49) to GBX 405 ($5.15) in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of GBX 382.25 ($4.86).

British Land Stock Up 2.1 %

Shares of LON:BLND opened at GBX 403.20 ($5.12) on Monday. The company has a current ratio of 0.38, a quick ratio of 0.25 and a debt-to-equity ratio of 45.41. British Land has a 12 month low of GBX 287.30 ($3.65) and a 12 month high of GBX 421.90 ($5.36). The company has a 50-day moving average price of GBX 390.93 and a 200 day moving average price of GBX 379.11. The company has a market cap of £3.74 billion, a price-to-earnings ratio of -353.68, a PEG ratio of 6.76 and a beta of 1.53.

British Land Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, June 20th will be given a dividend of GBX 10.64 ($0.14) per share. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, June 20th. British Land’s dividend payout ratio (DPR) is presently -2,017.54%.

About British Land

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.