British Land (OTCMKTS:BTLCY) Upgraded to “Strong-Buy” at Hsbc Global Res

Hsbc Global Res upgraded shares of British Land (OTCMKTS:BTLCY) from a hold rating to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded shares of British Land from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

British Land Trading Down 1.7 %

OTCMKTS BTLCY opened at $4.55 on Monday. British Land has a 12 month low of $4.13 and a 12 month high of $6.31. The company’s 50 day simple moving average is $4.54 and its 200 day simple moving average is $5.13.

British Land Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 6th were issued a dividend of $0.109 per share. This is a boost from British Land’s previous dividend of $0.10. The ex-dividend date was Friday, December 6th.

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.