British Land (OTCMKTS:BTLCY) Hits New 52-Week Low – Time to Sell?

British Land Company PLC (OTCMKTS:BTLCY) shares reached a new 52-week low on Tuesday . The company traded as low as $4.13 and last traded at $4.18, with a volume of 94132 shares changing hands. The stock had previously closed at $4.19.

Wall Street Analyst Weigh In

BTLCY has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded shares of British Land from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded shares of British Land from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

British Land Price Performance

The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.41. The business’s fifty day moving average is $4.68 and its 200-day moving average is $5.21.

British Land Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.109 per share. The ex-dividend date is Friday, December 6th. This is an increase from British Land’s previous dividend of $0.10.

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.