British Land (LON:BLND) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

British Land Company PLC (LON:BLND) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 407.85 ($5.10) and traded as low as GBX 353.60 ($4.42). British Land shares last traded at GBX 355.70 ($4.45), with a volume of 2,070,089 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank cut their price target on shares of British Land from GBX 500 ($6.26) to GBX 480 ($6.01) and set a “buy” rating on the stock in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, British Land has an average rating of “Hold” and an average price target of GBX 448.33 ($5.61).

British Land Trading Up 1.3 %

The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 45.09. The company has a market cap of £3.60 billion, a PE ratio of -335.97, a PEG ratio of 6.76 and a beta of 1.55. The stock has a 50 day moving average price of GBX 383.97 and a 200 day moving average price of GBX 407.35.

British Land Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be issued a dividend of GBX 12.24 ($0.15) per share. This represents a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 5th. This is a boost from British Land’s previous dividend of $10.64.

Insider Buying and Selling

In related news, insider Mark Aedy purchased 2,120 shares of British Land stock in a transaction dated Tuesday, October 8th. The stock was purchased at an average cost of GBX 436 ($5.46) per share, for a total transaction of £9,243.20 ($11,567.01). Also, insider David Walker purchased 9,547 shares of the stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of GBX 355 ($4.44) per share, with a total value of £33,891.85 ($42,412.53). Insiders acquired a total of 11,742 shares of company stock worth $4,343,420 in the last three months. 0.21% of the stock is owned by corporate insiders.

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.