British Land (LON:BLND) Insider Acquires £99,429 in Stock

British Land Company PLC (LON:BLND) insider Raj Shah purchased 25,300 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were acquired at an average price of GBX 393 per share, for a total transaction of £99,429.

British Land Trading Up 1.6%

Shares of British Land stock opened at GBX 405.04 on Friday. The company’s fifty day simple moving average is GBX 383.17 and its 200-day simple moving average is GBX 391.87. The stock has a market capitalization of £4.15 billion, a PE ratio of 8.94, a P/E/G ratio of 6.76 and a beta of 1.17. British Land Company PLC has a 1-year low of GBX 318.60 and a 1-year high of GBX 432. The company has a debt-to-equity ratio of 50.51, a current ratio of 0.15 and a quick ratio of 0.25.

British Land (LON:BLND) last issued its quarterly earnings results on Wednesday, May 20th. The company reported GBX 28.90 earnings per share for the quarter. The business had revenue of £523 million for the quarter. British Land had a net margin of 86.48% and a return on equity of 7.73%. As a group, equities analysts anticipate that British Land Company PLC will post 29.375 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on BLND. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 510 price objective on shares of British Land in a research report on Wednesday, April 22nd. Stifel Nicolaus restated a “hold” rating and set a GBX 410 price objective on shares of British Land in a research report on Wednesday, May 20th. Berenberg Bank raised their price objective on shares of British Land from GBX 531 to GBX 534 and gave the company a “buy” rating in a research report on Tuesday. The Goldman Sachs Group decreased their price objective on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a research report on Monday, March 30th. Finally, Shore Capital Group restated a “hold” rating on shares of British Land in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 448.50.

About British Land

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. We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best in class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.