British Land Company PLC (BLND) Declares Dividend of GBX 7.75

British Land Company PLC (LON:BLND) announced a dividend on Wednesday, May 15th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 27th will be paid a dividend of GBX 7.75 ($0.10) per share on Friday, August 2nd. This represents a dividend yield of 1.38%. The ex-dividend date is Thursday, June 27th. The official announcement can be viewed at this link.

Shares of British Land stock traded down GBX 0.20 ($0.00) during trading hours on Wednesday, hitting GBX 560.20 ($7.32). 3,596,340 shares of the company’s stock traded hands, compared to its average volume of 3,540,000. British Land has a 12-month low of GBX 520 ($6.79) and a 12-month high of GBX 703 ($9.19). The firm has a market cap of $5.32 billion and a PE ratio of 27.06. The company has a debt-to-equity ratio of 31.78, a current ratio of 1.18 and a quick ratio of 0.60.

BLND has been the subject of several research analyst reports. Deutsche Bank decreased their target price on British Land from GBX 710 ($9.28) to GBX 660 ($8.62) and set a “buy” rating for the company in a research report on Wednesday, January 16th. JPMorgan Chase & Co. decreased their target price on British Land from GBX 715 ($9.34) to GBX 660 ($8.62) and set a “neutral” rating for the company in a research report on Monday, January 21st. Citigroup lowered British Land to a “sell” rating and decreased their target price for the company from GBX 647 ($8.45) to GBX 452 ($5.91) in a research report on Friday, January 25th. Goldman Sachs Group cut their price target on British Land from GBX 620 ($8.10) to GBX 589 ($7.70) and set a “neutral” rating for the company in a research note on Friday, January 25th. Finally, Liberum Capital reiterated a “hold” rating on shares of British Land in a research note on Friday, February 8th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 616.50 ($8.06).

In related news, insider William Jackson bought 2,310 shares of the business’s stock in a transaction on Friday, April 5th. The stock was acquired at an average price of GBX 599 ($7.83) per share, for a total transaction of £13,836.90 ($18,080.36). Also, insider Chris Grigg sold 4,978 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of GBX 604 ($7.89), for a total value of £30,067.12 ($39,288.02). In the last 90 days, insiders acquired 2,412 shares of company stock valued at $1,443,747.

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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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Dividend History for British Land (LON:BLND)

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