British Land Company PLC (LON:BLND) insider Brona McKeown purchased 27 shares of the business’s stock in a transaction on Friday, June 14th. The stock was acquired at an average price of GBX 544 ($7.11) per share, with a total value of £146.88 ($191.92).

Brona McKeown also recently made the following trade(s):

  • On Tuesday, May 14th, Brona McKeown purchased 27 shares of British Land stock. The stock was acquired at an average price of GBX 564 ($7.37) per share, with a total value of £152.28 ($198.98).

Shares of BLND stock traded down GBX 3.40 ($0.04) on Monday, reaching GBX 535.80 ($7.00). 2,552,671 shares of the stock were exchanged, compared to its average volume of 3,540,000. The stock has a market cap of $5.10 billion and a PE ratio of -17.86. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 37.44. The stock’s 50 day moving average price is GBX 559.17. British Land Company PLC has a 1-year low of GBX 520 ($6.79) and a 1-year high of GBX 694.40 ($9.07).

The company also recently disclosed a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 27th will be issued a dividend of GBX 7.75 ($0.10) per share. The ex-dividend date is Thursday, June 27th. This represents a dividend yield of 1.38%. British Land’s payout ratio is -1.03%.

Several brokerages have weighed in on BLND. Deutsche Bank reiterated a “buy” rating on shares of British Land in a report on Tuesday, March 19th. Liberum Capital reiterated a “hold” rating on shares of British Land in a report on Tuesday, March 12th. Morgan Stanley cut their price target on British Land from GBX 640 ($8.36) to GBX 620 ($8.10) and set an “equal weight” rating for the company in a report on Thursday, March 14th. Peel Hunt began coverage on British Land in a report on Tuesday, April 23rd. They issued a “hold” rating and a GBX 630 ($8.23) price target for the company. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of British Land in a report on Wednesday, May 1st. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 593.69 ($7.76).

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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 £16.8bn (British Land share: £12.9bn) as at 30 September 2018 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.

Read More: Leveraged Buyout (LBO) Explained

Insider Buying and Selling by Quarter for British Land (LON:BLND)

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