Insider Buying: British Land (LON:BLND) Insider Acquires £153.30 in Stock

Key Points

• British Land insider David Walker bought 35 shares at GBX 438 each, worth £153.30, following additional purchases in June and July.
• BLND shares opened at GBX 426.60, with a market capitalization of approximately £4.37 billion and a 52-week range of GBX 318.60 to GBX 451.60.
• Analysts maintain a broadly cautious outlook, with the stock carrying an average “Hold” rating and an average price target of GBX 446.44.

British Land Company PLC (LON:BLND - Get Free Report) insider David Walker acquired 35 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average price of GBX 438 per share, with a total value of £153.30.

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

• On Tuesday, July 14th, David Walker bought 36 shares of British Land stock. The shares were acquired at an average cost of GBX 416 per share, for a total transaction of £149.76.
• On Friday, June 26th, David Walker bought 21,148 shares of British Land stock. The shares were acquired at an average cost of GBX 422 per share, for a total transaction of £89,244.56.
• On Monday, June 15th, David Walker sold 36,209 shares of British Land stock. The shares were sold at an average price of GBX 420, for a total transaction of £152,077.80.

British Land Price Performance

BLND stock opened at GBX 426.60 on Tuesday. The company has a fifty day moving average price of GBX 426.23 and a 200-day moving average price of GBX 402.10. The company has a market capitalization of £4.37 billion, a P/E ratio of 9.42, a PEG ratio of 6.76 and a beta of 1.18. British Land Company PLC has a 52-week low of GBX 318.60 and a 52-week high of GBX 451.60. The company has a debt-to-equity ratio of 52.34, a quick ratio of 0.25 and a current ratio of 0.15.

British Land (LON:BLND - Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The company reported GBX 28.90 EPS for the quarter. British Land had a net margin of 86.48% and a return on equity of 7.73%. The company had revenue of £523 million for the quarter. As a group, equities analysts expect that British Land Company PLC will post 29.375 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on BLND. Jefferies Financial Group reiterated an "underperform" rating and issued a GBX 305 price target on shares of British Land in a research report on Tuesday, June 2nd. UBS Group reaffirmed a "neutral" rating and issued a GBX 440 price objective on shares of British Land in a research note on Monday, May 18th. Shore Capital Group reiterated a "hold" rating on shares of British Land in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 510 target price on shares of British Land in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus restated a "hold" rating and issued a GBX 410 price target on shares of British Land in a research report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of GBX 446.44.

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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source