British Land (OTCMKTS:BTLCY) Hits New 52-Week Low – Here’s What Happened

British Land Company PLC (OTCMKTS:BTLCY) hit a new 52-week low on Wednesday . The stock traded as low as $4.23 and last traded at $4.26, with a volume of 19650 shares changing hands. The stock had previously closed at $4.47.

Analyst Ratings Changes

BTLCY has been the subject of several recent research reports. The Goldman Sachs Group upgraded shares of British Land from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

British Land Trading Down 4.7 %

The company has a 50 day simple moving average of $4.77 and a 200 day simple moving average of $5.24. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.59 and a quick ratio of 0.59.

British Land Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 6th will be given a $0.109 dividend. The ex-dividend date of this dividend is Friday, December 6th. This is an increase from British Land’s previous dividend of $0.10.

About British Land

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.