British Land (LON:BLND) Insider Acquires 36 Shares

British Land Company PLC (LON:BLND) insider David Walker purchased 36 shares of the business’s stock in a transaction on Tuesday, July 14th. The shares were acquired at an average price of GBX 416 per share, for a total transaction of £149.76.

David Walker also recently made the following trade(s):

• On Friday, June 26th, David Walker bought 21,148 shares of British Land stock. The shares were bought at an average cost of GBX 422 per share, for a total transaction of £89,244.56.
• On Monday, June 15th, David Walker sold 36,209 shares of British Land stock. The stock was sold at an average price of GBX 420, for a total transaction of £152,077.80.

British Land Stock Up 1.8%

Shares of LON BLND traded up GBX 7.80 during trading on Thursday, hitting GBX 432.60. 3,068,667 shares of the company traded hands, compared to its average volume of 29,925,875. The business’s fifty day moving average is GBX 403.50 and its 200 day moving average is GBX 396.65. British Land Company PLC has a fifty-two week low of GBX 318.60 and a fifty-two week high of GBX 433.20. The firm has a market capitalization of £4.43 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of 6.76 and a beta of 1.18. The company has a debt-to-equity ratio of 52.34, a quick ratio of 0.25 and a current ratio of 0.15.

British Land (LON:BLND) last issued its earnings results on Wednesday, May 20th. The company reported GBX 28.90 EPS for the quarter. British Land had a return on equity of 7.73% and a net margin of 86.48%.The company had revenue of £523 million during the quarter. Equities research analysts predict that British Land Company PLC will post 29.375 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BLND has been the topic of a number of research reports. The Goldman Sachs Group lowered their target price on British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a research report on Monday, March 30th. UBS Group restated a “neutral” rating and set a GBX 440 price target on shares of British Land in a research note on Monday, May 18th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 305 price objective on shares of British Land in a research note on Tuesday, June 2nd. Shore Capital Group reissued a “hold” rating on shares of British Land in a research report on Tuesday, April 21st. Finally, Stifel Nicolaus reissued a “hold” rating and set a GBX 410 price objective on shares of British Land in a report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 446.44.

British Land Company Profile

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. We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best in class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.