British Land (OTCMKTS:BTLCY) Hits New 1-Year Low at $5.79

British Land Company Plc (OTCMKTS:BTLCYGet Rating)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $5.79 and last traded at $5.86, with a volume of 97823 shares changing hands. The stock had previously closed at $6.11.

A number of equities research analysts recently issued reports on BTLCY shares. Barclays upgraded shares of British Land from an “underweight” rating to an “overweight” rating in a report on Tuesday, June 7th. JPMorgan Chase & Co. boosted their price objective on shares of British Land from GBX 650 ($7.96) to GBX 710 ($8.70) in a research note on Friday, April 29th. Jefferies Financial Group upgraded shares of British Land from an “underperform” rating to a “hold” rating in a research note on Friday, March 25th. Finally, Morgan Stanley upgraded shares of British Land from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 28th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, British Land has an average rating of “Moderate Buy” and an average target price of $675.00.

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.31 and a current ratio of 0.31. The firm’s 50 day simple moving average is $6.41 and its 200-day simple moving average is $6.88.

The company also recently announced a dividend, which will be paid on Monday, August 8th. Stockholders of record on Friday, June 24th will be given a dividend of $0.1028 per share. The ex-dividend date of this dividend is Thursday, June 23rd. This represents a dividend yield of 3.23%.

British Land Company Profile (OTCMKTS:BTLCY)

Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2020 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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