David Walker Buys 21,148 Shares of British Land (LON:BLND) Stock

British Land Company PLC (LON:BLND) insider David Walker bought 21,148 shares of British Land stock in a transaction dated Friday, June 26th. The stock was acquired at an average price of GBX 422 per share, with a total value of £89,244.56.

David Walker also recently made the following trade(s):

• On Monday, June 15th, David Walker sold 36,209 shares of British Land stock. The stock was sold at an average price of GBX 420, for a total transaction of £152,077.80.
• On Tuesday, April 14th, David Walker purchased 40 shares of British Land stock. The shares were acquired at an average price of GBX 383 per share, for a total transaction of £153.20.

British Land Price Performance

LON BLND traded up GBX 3.40 during trading hours on Friday, hitting GBX 421. 5,468,856 shares of the company’s stock traded hands, compared to its average volume of 29,073,719. The company has a market capitalization of £4.31 billion, a PE ratio of 9.29, a PEG ratio of 6.76 and a beta of 1.18. The company has a debt-to-equity ratio of 52.34, a current ratio of 0.15 and a quick ratio of 0.25. British Land Company PLC has a 52-week low of GBX 318.60 and a 52-week high of GBX 432. The firm’s 50-day moving average is GBX 395.96 and its 200-day moving average is GBX 393.50.

British Land (LON:BLND) last released its earnings results on Wednesday, May 20th. The company reported GBX 28.90 earnings per share for the quarter. The business had revenue of £523 million for the quarter. British Land had a net margin of 86.48% and a return on equity of 7.73%. Equities analysts forecast that British Land Company PLC will post 29.375 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. The Goldman Sachs Group lowered their price objective on British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a research note on Monday, March 30th. Shore Capital Group reiterated a “hold” rating on shares of British Land in a report on Tuesday, April 21st. Berenberg Bank boosted their price target on shares of British Land from GBX 531 to GBX 534 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 510 price objective on shares of British Land in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 410 target price on shares of British Land in a research note on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, British Land presently has an average rating of “Hold” and an average price target of GBX 446.44.

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. We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best in class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.