British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Upgraded to “Hold” by Zacks Investment Research
Zacks Investment Research upgraded shares of British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) from a sell rating to a hold rating in a research note released on Monday, July 24th.
According to Zacks, “The British Land Co. Plc is a real estate investment trust which owns, manages, finances and develops commercial properties. Its property portfolio comprises retail parks, super stores, shopping centers, department stores, residential and offices. The British Land Co. Plc is headquartered in London, the United Kingdom. “
Several other research analysts also recently commented on BTLCY. Credit Suisse Group raised British Land Company PLC Sponsored ADR from an underperform rating to a neutral rating in a report on Thursday, June 1st. J P Morgan Chase & Co downgraded British Land Company PLC Sponsored ADR from an overweight rating to a neutral rating in a report on Friday, May 19th. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and an average price target of $9.75.
Shares of British Land Company PLC Sponsored ADR (BTLCY) traded down 2.192% during mid-day trading on Monday, hitting $7.942. The company had a trading volume of 3,908 shares. The firm’s 50 day moving average is $8.07 and its 200-day moving average is $8.07. British Land Company PLC Sponsored ADR has a 12-month low of $7.14 and a 12-month high of $9.19. The firm has a market cap of $8.18 billion, a PE ratio of 41.581 and a beta of 1.43.
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The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, June 30th were issued a $0.067 dividend. This represents a $0.27 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Wednesday, June 28th.
British Land Company PLC Sponsored ADR Company Profile
The British Land Company PLC is a real estate company. The Company owns, manages, develops and finances a portfolio of commercial properties focused on retail locations around the United Kingdom and London offices. It creates and operates places for people to work, shop and live in. Its segments are Offices and residential, Retail and leisure, Canada Water and Other/unallocated.
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