British Land (BLND) Earns Buy Rating from UBS Group

UBS Group reaffirmed their buy rating on shares of British Land (LON:BLND) in a research report sent to investors on Saturday morning, www.digitallook.com reports.

BLND has been the topic of a number of other reports. Peel Hunt restated an add rating and issued a GBX 730 ($9.72) target price (up from GBX 700 ($9.32)) on shares of British Land in a report on Thursday, May 17th. Numis Securities restated an add rating on shares of British Land in a report on Friday, June 15th. Deutsche Bank restated a top pick rating and issued a GBX 770 ($10.25) target price on shares of British Land in a report on Tuesday, June 12th. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 740 ($9.85) price target on shares of British Land in a report on Friday, June 15th. Finally, Liberum Capital reiterated a hold rating on shares of British Land in a report on Friday, June 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 695.71 ($9.26).

Shares of LON BLND opened at GBX 687.60 ($9.15) on Friday. British Land has a 52-week low of GBX 587 ($7.82) and a 52-week high of GBX 695 ($9.25).

British Land (LON:BLND) last issued its earnings results on Thursday, May 17th. The company reported GBX 37.40 ($0.50) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 36.80 ($0.49) by GBX 0.60 ($0.01). British Land had a return on equity of 5.13% and a net margin of 73.80%.

The company also recently announced a dividend, which will be paid on Friday, August 3rd. Shareholders of record on Thursday, June 28th will be paid a GBX 7.52 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a yield of 1.1%.

In other news, insider Preben Prebensen bought 20,000 shares of the stock in a transaction on Thursday, May 17th. The shares were purchased at an average price of GBX 699 ($9.31) per share, for a total transaction of £139,800 ($186,127.01). Also, insider Nick Macpherson bought 1,000 shares of the stock in a transaction on Monday, May 21st. The stock was purchased at an average price of GBX 692 ($9.21) per share, for a total transaction of £6,920 ($9,213.15). Insiders acquired 21,066 shares of company stock worth $14,716,593 in the last 90 days.

British Land Company Profile

Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £18.1 billion (British Land share: £13.5 billion) as at 30 September 2017 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.

Analyst Recommendations for British Land (LON:BLND)

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