British Land (BLND) Receives Add Rating from Numis Securities

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Numis Securities restated their add rating on shares of British Land (LON:BLND) in a report issued on Friday morning.

A number of other analysts also recently issued reports on the company. Barclays reissued an overweight rating and set a GBX 700 ($9.32) price objective on shares of British Land in a research report on Thursday, February 22nd. Peel Hunt reissued an add rating on shares of British Land in a research report on Thursday, April 5th. Goldman Sachs Group cut their price objective on British Land from GBX 660 ($8.79) to GBX 650 ($8.65) and set a neutral rating for the company in a research report on Wednesday, March 14th. Liberum Capital reissued a hold rating on shares of British Land in a research report on Thursday, May 17th. Finally, Deutsche Bank raised their price objective on British Land from GBX 720 ($9.59) to GBX 770 ($10.25) and gave the stock a buy rating in a research report on Tuesday, May 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 695.71 ($9.26).

LON BLND opened at GBX 691 ($9.20) on Friday. British Land has a 52 week low of GBX 587 ($7.82) and a 52 week high of GBX 695 ($9.25).

British Land (LON:BLND) last posted its quarterly earnings results on Thursday, May 17th. The company reported GBX 37.40 ($0.50) EPS for the quarter, topping the consensus estimate of GBX 36.80 ($0.49) by GBX 0.60 ($0.01). British Land had a return on equity of 5.13% and a net margin of 73.80%.

The company also recently announced a dividend, which will be paid on Friday, August 3rd. Shareholders of record on Thursday, June 28th will be given a GBX 7.52 ($0.10) dividend. This represents a yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 28th.

In related news, insider Nick Macpherson acquired 1,000 shares of the firm’s stock in a transaction dated Monday, May 21st. The stock was acquired at an average price of GBX 692 ($9.21) per share, for a total transaction of £6,920 ($9,213.15). Also, insider Preben Prebensen acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, May 17th. The stock was bought at an average price of GBX 699 ($9.31) per share, with a total value of £139,800 ($186,127.01). Over the last ninety days, insiders acquired 21,066 shares of company stock valued at $14,716,593.

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 £18.1 billion (British Land share:£13.5 billion) as at 30 September 2017 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.

Analyst Recommendations for British Land (LON:BLND)

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