British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Receives Average Rating of “Buy” from Brokerages

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) has been assigned an average recommendation of “Buy” from the five analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company.

Several equities research analysts have issued reports on BTLCY shares. Kepler Capital Markets cut shares of British Land from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 30th. UBS Group lowered shares of British Land from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 26th.

British Land Stock Down 4.2%

Shares of OTCMKTS:BTLCY opened at $5.03 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.42. British Land has a 1 year low of $4.13 and a 1 year high of $6.31. The business’s 50 day moving average price is $5.26 and its 200-day moving average price is $4.80.

British Land Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, August 4th. Investors of record on Monday, June 23rd will be given a dividend of $0.0946 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a yield of 3.81%.

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.