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Prices & Quotes - UK Markets - British Land Company (BLND)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 515.60p
Change Today:
4.40p
Market Cap:
4,778.15m
Sector:
Real Estate Investment Trusts

Deutsche Banks upgrades British Land, Land Securities

By Michele Maatouk

Date: Friday 22 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Deutsche Bank upgraded British Land and Land Securities on Friday as it took a look at the European real estate sector.
The bank lifted its stance on both to 'buy' from 'hold'. It noted that British Land is already trading at a 35% discount to spot NAV and a 25% discount to FY22 estimated NAV and said the market is already pricing in too much asset value downside.

As far as Land Securities is concerned, DB said the market is assigning too high a discount to its non-office exposure. It noted the stock is already trading at a 40% discount to spot NAV and 30% discount to FY22 estimated NAV.

More broadly, the bank said that looking "beyond vaccines" - which are not a guarantee of a silver bullet - 2021 is likely to be a challenging year for the European real estate sector.

"The first year of a new presidency in the US, the Brexit impact in the UK, a big election year in Germany, and prolonged lockdowns and social distancing as the world fights Covid-19 could cause meaningful volatility," it said.

"While we do believe in a modest economic recovery this year, we do not think property companies can post 'V'-shape recoveries as they did after the Great Financial Crisis."

Deutsche Bank kept its price targets on British Land and Landsec unchanged at 490p and 730p, respectively.

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BLND Market Data

Currency UK Pounds
Price 515.60p
Change Today 4.40p
52 Week High 532.00p
52 Week Low 322.00p
Volume 2,618,180
Shares Issued 926.72m
Market Cap 4,778.15m
Beta 0.03

Performance Indicators

Compare performance with the sector and the market.

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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 7
Buy 0
Neutral 6
Sell 0
Strong Sell 3
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BLND Dividends

  Latest Previous
  Interim Q2
Ex-Div 07-Jan-21 02-Jan-20
Paid 19-Feb-21 07-Feb-20
Amount 8.40p 7.98p

Trades for 16-Apr-2021

Time Volume / Share Price
16:45 24 @ 512.40p
16:45 24 @ 512.40p
16:35 1,135,876 @ 515.60p
16:29 2 @ 512.60p
16:29 260 @ 512.20p

BLND Key Personnel

Chair Tim Score
CEO Simon Carter