British Land Company PLC (LON:BLND) insider Chris Grigg purchased 25 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of GBX 599 ($7.83) per share, with a total value of £149.75 ($195.67).
Chris Grigg also recently made the following trade(s):
- On Tuesday, March 5th, Chris Grigg sold 4,978 shares of British Land stock. The shares were sold at an average price of GBX 604 ($7.89), for a total transaction of £30,067.12 ($39,288.02).
Shares of BLND traded up GBX 10.60 ($0.14) during mid-day trading on Friday, hitting GBX 611 ($7.98). The company had a trading volume of 2,519,651 shares, compared to its average volume of 3,540,000. British Land Company PLC has a 1-year low of GBX 587 ($7.67) and a 1-year high of GBX 695 ($9.08).
The business also recently announced a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 28th will be given a GBX 7.75 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a dividend yield of 1.38%.
BLND has been the subject of several recent research reports. Morgan Stanley dropped their target price on shares of 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. Royal Bank of Canada initiated coverage on shares of British Land in a report on Tuesday, February 12th. They set a “sector performer” rating and a GBX 550 ($7.19) target price for the company. Liberum Capital restated a “hold” rating on shares of British Land in a report on Wednesday, December 5th. JPMorgan Chase & Co. dropped their target price on shares of British Land from GBX 715 ($9.34) to GBX 660 ($8.62) and set a “neutral” rating for the company in a report on Monday, January 21st. Finally, Deutsche Bank dropped their target price on shares of British Land from GBX 770 ($10.06) to GBX 710 ($9.28) and set a “buy” rating for the company in a report on Monday, November 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 642.50 ($8.40).
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.
Further Reading: Cost of equity and a company’s balance sheet
Receive News & Ratings for British Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British Land and related companies with MarketBeat.com's FREE daily email newsletter.