British Land (LON:BLND) Given “Neutral” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of British Land (LON:BLND – Free Report) in a report issued on Wednesday morning, Marketbeat Ratings reports.

Other analysts have also issued reports about the company. Shore Capital reissued a buy rating on shares of British Land in a report on Wednesday. Berenberg Bank boosted their price target on British Land from GBX 469 ($5.93) to GBX 500 ($6.32) and gave the company a buy rating in a report on Friday, June 7th. Finally, Barclays lowered shares of British Land to an equal weight rating and lowered their target price for the company from GBX 432 ($5.46) to GBX 405 ($5.12) in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, British Land currently has a consensus rating of Hold and a consensus price target of GBX 404 ($5.11).

Check Out Our Latest Research Report on BLND

British Land Trading Up 1.0%

LON BLND opened at GBX 415.40 ($5.25) on Wednesday. The company’s fifty day moving average price is GBX 413.70 and its two-hundred day moving average price is GBX 392.75. The company has a market capitalization of £3.85 billion, a price-to-earnings ratio of -345.71, a price-to-earnings-growth ratio of 6.76 and a beta of 1.53. British Land has a 12 month low of GBX 287.30 ($3.63) and a 12 month high of GBX 446.80 ($5.65). The company has a debt-to-equity ratio of 44.97, a current ratio of 0.59 and a quick ratio of 0.25.

British Land Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 26th. Investors of record on Thursday, June 20th will be issued a GBX 10.64 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a dividend yield of 2.7%. British Land’s dividend payout ratio (DPR) is currently -1,932.77%.

Insiders Place Their Bets

In related news, insider Bhavesh Mistry sold 13,286 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of GBX 419 ($5.30), for a total value of £55,668.34 ($70,412.78). In the last 90 days, insiders bought 112 shares of company stock worth $45,053. Insiders own 0.19% of the company’s stock.

About British Land

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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.

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