British Land Company PLC (LON:BLND) announced a dividend on Monday, July 18th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 7.30 ($0.10) per share on Friday, November 11th. This represents a yield of 1.16%. The ex-dividend date of this dividend is Thursday, October 6th. This is a positive change from British Land Company PLC’s previous dividend of $7.09. The official announcement can be accessed at this link.
Shares of British Land Company PLC (LON:BLND) opened at 632.50 on Friday. The firm’s market cap is GBX 6.51 billion. British Land Company PLC has a 52 week low of GBX 499.96 and a 52 week high of GBX 879.00. The firm has a 50-day moving average of GBX 647.57 and a 200-day moving average of GBX 679.36.
Several analysts have recently weighed in on the stock. Citigroup Inc. reiterated a “buy” rating on shares of British Land Company PLC in a research note on Friday, June 17th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 899 ($11.73) price objective on shares of British Land Company PLC in a research note on Monday, July 18th. HSBC lifted their price objective on shares of British Land Company PLC from GBX 647 ($8.45) to GBX 738 ($9.63) and gave the company a “buy” rating in a research note on Friday. Jefferies Group boosted their price target on shares of British Land Company PLC from GBX 647 ($8.45) to GBX 738 ($9.63) and gave the company a “buy” rating in a research note on Friday. Finally, Peel Hunt restated a “hold” rating and set a GBX 892 ($11.64) price target on shares of British Land Company PLC in a research note on Friday, July 8th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 786.79 ($10.27).
In related news, insider Roberts,Timothy Andrew sold 13,994 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of GBX 661 ($8.63), for a total value of £92,500.34 ($120,741.86).
About British Land Company PLC
British Land Company PLC (British Land) is a real estate company. The Company manages, develops and finances portfolio of properties. The Company focuses on retail locations around the United Kingdom and London offices. The Company allocates resources to investment and asset management according to the sectors it expects to perform over the medium-term.
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