British Land (OTCMKTS:BTLCY) Hits New 1-Year Low – Here’s Why

British Land Company PLC (OTCMKTS:BTLCY) reached a new 52-week low during trading on Tuesday . The stock traded as low as $4.13 and last traded at $4.18, with a volume of 94132 shares. The stock had previously closed at $4.19.

Analysts Set New Price Targets

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 note on Wednesday, October 2nd. The Goldman Sachs Group upgraded shares of British Land from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

British Land Price Performance

The business has a 50-day moving average of $4.68 and a 200 day moving average of $5.21. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.59 and a quick ratio of 0.59.

British Land Increases Dividend

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

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.