British Land Company PLC (LON:BLND) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 661.88 ($8.65).
BLND has been the subject of a number of research analyst reports. Liberum Capital reiterated a “hold” rating on shares of British Land in a report on Friday, October 19th. Credit Suisse Group reduced their price objective on British Land from GBX 695 ($9.08) to GBX 620 ($8.10) and set an “underperform” rating for the company in a report on Monday, October 22nd. Barclays cut British Land to an “equal weight” rating and reduced their price objective for the stock from GBX 730 ($9.54) to GBX 580 ($7.58) in a report on Wednesday, November 7th. Peel Hunt restated a “hold” rating on shares of British Land in a report on Wednesday, November 14th. Finally, Deutsche Bank reduced their price objective on British Land from GBX 770 ($10.06) to GBX 710 ($9.28) and set a “buy” rating for the company in a report on Monday, November 26th.
In other British Land news, insider William Jackson purchased 2,605 shares of the company’s stock in a transaction dated Friday, January 4th. The stock was bought at an average cost of GBX 532 ($6.95) per share, for a total transaction of £13,858.60 ($18,108.72). Over the last quarter, insiders bought 2,656 shares of company stock valued at $1,415,737.
British Land (LON:BLND) last announced its quarterly earnings data on Wednesday, November 14th. The company reported GBX 17.20 ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 17.80 ($0.23) by GBX (0.60) (($0.01)).
The firm also recently declared a dividend, which will be paid on Friday, February 8th. Stockholders of record on Thursday, January 3rd will be given a GBX 7.75 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a dividend yield of 1.25%.
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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