British Land (OTCMKTS:BTLCY) Reaches New 1-Year Low – Time to Sell?

by · The Markets Daily

British Land Company PLC (OTCMKTS:BTLCY – Get Free Report)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $4.23 and last traded at $4.26, with a volume of 19650 shares trading hands. The stock had previously closed at $4.47.

Wall Street Analyst Weigh In

BTLCY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised British Land from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group upgraded British Land from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Read Our Latest Analysis on BTLCY

British Land Stock Down 1.6 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a 50 day moving average price of $4.70 and a 200-day moving average price of $5.22.

British Land Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 6th will be given a dividend of $0.109 per share. The ex-dividend date is Friday, December 6th. This is a boost from British Land’s previous dividend of $0.10.

About British Land

(Get Free Report)

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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