British Land Company PLC (OTCMKTS:BTLCY – Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 10,200 shares, a growth of 21.4% from the July 15th total of 8,400 shares. Based on an average trading volume of 8,900 shares, the days-to-cover ratio is presently 1.1 days.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. HSBC raised British Land from a “reduce” rating to a “hold” rating in a research note on Monday, July 1st. Stifel Nicolaus cut shares of British Land from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th. Finally, Hsbc Global Res upgraded shares of British Land to a “hold” rating in a research report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, British Land currently has an average rating of “Hold”.
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British Land Stock Performance
British Land Cuts Dividend
The firm also recently announced a dividend, which was paid on Monday, August 5th. Investors of record on Friday, June 21st were issued a dividend of $0.0953 per share. The ex-dividend date was 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.
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