Great Portland Estates (LON:GPE) Given “Hold” Rating at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Great Portland Estates (LON:GPE) in a research report report published on Thursday, Marketbeat reports. They currently have a GBX 382 ($4.77) price target on the stock.

Great Portland Estates Price Performance

Shares of GPE opened at GBX 291.50 ($3.64) on Thursday. The company has a market capitalization of £1.18 billion, a P/E ratio of -288.61, a P/E/G ratio of 2.22 and a beta of 0.80. The business’s 50-day moving average is GBX 309.23 and its two-hundred day moving average is GBX 333.22. The company has a debt-to-equity ratio of 51.52, a quick ratio of 0.46 and a current ratio of 0.26. Great Portland Estates has a fifty-two week low of GBX 287 ($3.59) and a fifty-two week high of GBX 441 ($5.51).

Great Portland Estates Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, November 21st will be given a dividend of GBX 2.90 ($0.04) per share. This represents a yield of 0.98%. The ex-dividend date is Thursday, November 21st. Great Portland Estates’s dividend payout ratio is currently -1,188.12%.

Insider Transactions at Great Portland Estates

In other Great Portland Estates news, insider Dan Nicholson purchased 3,040 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average price of GBX 360 ($4.50) per share, for a total transaction of £10,944 ($13,678.29). Also, insider Richard Stephen Mully acquired 14,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of GBX 293 ($3.66) per share, for a total transaction of £41,020 ($51,268.59). Insiders have bought 17,179 shares of company stock valued at $5,241,246 in the last 90 days. 1.43% of the stock is currently owned by company insiders.

About Great Portland Estates

We are a FTSE 250 property investment and development company owning £2.5 billion of real estate in central London. We proactively manage our portfolio, flexing our activities in tune with London’s property cycle to deliver long-term out-performance. We create in-demand spaces that people want to be part of; helping our occupiers, local communities and the city to thrive.