British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY - Get Free Report) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 48,000 shares, a growth of 34.8% from the May 15th total of 35,600 shares. Based on an average daily trading volume, of 25,900 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.0% of the shares of the company are sold short.
British Land Stock Performance
Shares of BTLCY traded down $0.19 during mid-day trading on Friday, hitting $5.15. 7,136 shares of the company's stock were exchanged, compared to its average volume of 30,445. 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 52 week low of $4.13 and a 52 week high of $6.31. The stock's 50-day simple moving average is $5.21 and its 200-day simple moving average is $4.77.
British Land Cuts Dividend
The business also recently declared 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. This represents a yield of 3.81%. The ex-dividend date of this dividend is Friday, June 20th.
Analysts Set New Price Targets
Separately, Kepler Capital Markets cut shares of British Land from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 30th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".
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About British Land
(
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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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