British Land (OTCMKTS:BTLCY) Rating Increased to Hold at HSBC

HSBC upgraded shares of British Land (OTCMKTS:BTLCY) from a reduce rating to a hold rating in a report issued on Monday morning, MarketBeat reports.

Separately, Stifel Nicolaus cut shares of British Land from a buy rating to a hold rating in a research note on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, British Land currently has a consensus rating of Hold and an average price target of $432.00.

British Land Stock Performance

Shares of BTLCY stock opened at $5.19 on Monday. 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 fifty day moving average of $5.19 and a 200-day moving average of $4.93. British Land has a 52-week low of $3.48 and a 52-week high of $5.64.

British Land Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, June 21st will be issued a $0.0953 dividend. The ex-dividend date of this dividend is Friday, June 21st.

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.