British Land (OTCMKTS:BTLCY) Stock Price Down 0.4% - Time to Sell?

Key Points

• British Land Company's shares fell 0.4% to $4.74, with trading volume declining by 25% from the average session.
• Recent downgrades by UBS Group and Kepler Capital Markets have lowered British Land's rating from "strong-buy" to "hold."
• The company declared a dividend of $0.0946 per share, representing a substantial dividend yield of 381.0%.

Shares of British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY - Get Free Report) fell 0.4% during mid-day trading on Friday . The company traded as low as $4.74 and last traded at $4.74. 14,027 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 18,721 shares. The stock had previously closed at $4.76.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BTLCY. UBS Group downgraded shares of British Land from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Kepler Capital Markets downgraded shares of British Land from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 30th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, British Land has a consensus rating of "Buy".

British Land Stock Up 1.0%

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.25 and a quick ratio of 0.25. The stock's 50-day simple moving average is $5.00 and its 200-day simple moving average is $4.89.

British Land Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, August 4th. Stockholders of record on Monday, June 23rd were given a dividend of $0.0946 per share. This represents a dividend yield of 381.0%. The ex-dividend date of this dividend was Friday, June 20th.

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.