Mark Aedy Buys 2,745 Shares of British Land Company PLC (LON:BLND) Stock

British Land Company PLC (LON:BLND) insider Mark Aedy acquired 2,745 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was purchased at an average price of GBX 356 ($4.41) per share, for a total transaction of £9,772.20 ($12,095.80).

Mark Aedy also recently made the following trade(s):

• On Tuesday, October 8th, Mark Aedy bought 2,120 shares of British Land stock. The stock was purchased at an average price of GBX 436 ($5.40) per share, for a total transaction of £9,243.20 ($11,441.02).

British Land Stock Performance

BLND traded up GBX 3.20 ($0.04) on Friday, hitting GBX 362.40 ($4.49). The company’s stock had a trading volume of 13,442,627 shares, compared to its average volume of 7,649,988. The company’s 50 day simple moving average is GBX 380.75 and its 200-day simple moving average is GBX 406.48. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 45.09. British Land Company PLC has a 12 month low of GBX 342.30 ($4.24) and a 12 month high of GBX 467.80 ($5.79). The firm has a market cap of £3.62 billion, a P/E ratio of -335.97, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55.

British Land Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their price target on British Land from GBX 500 ($6.19) to GBX 480 ($5.94) 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 target price of GBX 448.33 ($5.55).

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.