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British Land (OTCMKTS:BTLCY) Shares Gap Down - Here's What Happened

British Land logo with Finance background

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $5.11, but opened at $4.91. British Land shares last traded at $4.88, with a volume of 6,048 shares.

Analyst Ratings Changes

BTLCY has been the topic of several analyst reports. UBS Group cut British Land from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Kepler Capital Markets cut British Land from a "strong-buy" rating to a "hold" rating in a report on Friday, May 30th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, British Land currently has an average rating of "Buy".

Read Our Latest Stock Report on British Land

British Land Stock Down 0.8%

The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average of $5.24 and a 200-day moving average of $4.82.

British Land Cuts Dividend

The company 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%.

British Land Company Profile

(Get Free Report)

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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