Insider Buying: British Land Company PLC (BLND) Insider Acquires 24 Shares of Stock
British Land Company PLC (LON:BLND) insider Chris Grigg bought 24 shares of the stock in a transaction on Wednesday, November 14th. The shares were bought at an average price of GBX 625 ($8.17) per share, for a total transaction of £150 ($196.00).
Chris Grigg also recently made the following trade(s):
- On Friday, September 14th, Chris Grigg bought 24 shares of British Land stock. The shares were bought at an average price of GBX 618 ($8.08) per share, for a total transaction of £148.32 ($193.81).
BLND stock opened at GBX 587 ($7.67) on Friday. British Land Company PLC has a 12 month low of GBX 587 ($7.67) and a 12 month high of GBX 695 ($9.08).
The firm also recently declared a dividend, which will be paid on Friday, February 8th. Stockholders of record on Thursday, January 3rd will be given a GBX 7.75 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a dividend yield of 1.25%.
Several research analysts have weighed in on BLND shares. JPMorgan Chase & Co. lowered their target price on shares of British Land from GBX 740 ($9.67) to GBX 715 ($9.34) and set a “neutral” rating on the stock in a research report on Thursday, September 6th. Citigroup restated a “neutral” rating on shares of British Land in a research report on Friday, September 14th. UBS Group restated a “buy” rating and set a GBX 840 ($10.98) target price (up from GBX 820 ($10.71)) on shares of British Land in a research report on Friday, July 20th. Credit Suisse Group lowered their target price on shares of British Land from GBX 695 ($9.08) to GBX 620 ($8.10) and set an “underperform” rating on the stock in a research report on Monday, October 22nd. Finally, Barclays lowered shares of British Land to an “equal weight” rating and lowered their target price for the stock from GBX 730 ($9.54) to GBX 580 ($7.58) in a research report on Wednesday, November 7th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 690.50 ($9.02).
British Land Company Profile
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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