British Land (BLND) Sets New 52-Week Low at $571.20
British Land Company PLC (LON:BLND)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 571.20 ($7.46) and last traded at GBX 575 ($7.51), with a volume of 3424511 shares. The stock had previously closed at GBX 583.40 ($7.62).
Several equities analysts have issued reports on BLND shares. Citigroup reissued a “neutral” rating on shares of British Land in a research note on Friday, September 14th. Liberum Capital reissued a “hold” rating on shares of British Land in a research note on Wednesday, June 20th. UBS Group reissued a “buy” rating and issued a GBX 840 ($10.98) price target (up from GBX 820 ($10.71)) on shares of British Land in a research note on Friday, July 20th. Deutsche Bank reissued a “buy” rating on shares of British Land in a research note on Friday, June 22nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 740 ($9.67) price target on shares of British Land in a research note on Friday, June 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. British Land currently has a consensus rating of “Hold” and an average price target of GBX 705.50 ($9.22).
The firm also recently declared a dividend, which will be paid on Friday, November 9th. Shareholders of record on Thursday, October 4th will be paid a GBX 7.75 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, October 4th. This is a positive change from British Land’s previous dividend of $7.52. This represents a yield of 1.2%.
British Land Company Profile (LON:BLND)
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.
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