"time" apparent inconsistency

Probably I am missing the forest for the trees.

Code:
i386 arch
7.2-RELEASE FreeBSD
/usr/bin is in my PATH
time -a -h -o timetest /usr/bin/du -c data or any of its options returns a =>
Code:
Command not found.

Ex. -a:
Code:
Command not found.

But /usr/bin/time -a -h -o timetest /usr/bin/du -c data runs fine.

Am I missing something?

Thanks!
 
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