British Land (OTCMKTS:BTLCY) Reaches New 12-Month Low – Time to Sell?

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

Analysts Set New Price Targets

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

British Land Stock Down 4.7 %

The company has a debt-to-equity ratio of 0.41, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a 50-day moving average price of $4.77 and a 200-day moving average price of $5.24.

British Land Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 6th will be issued a $0.109 dividend. This is an increase from British Land’s previous dividend of $0.10. The ex-dividend date is Friday, December 6th.

British Land Company Profile

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.