Great Portland Estates (LON:GPE) Hits New 1-Year Low – Here’s What Happened

Shares of Great Portland Estates Plc (LON:GPE) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 281.50 ($3.52) and last traded at GBX 282 ($3.53), with a volume of 185471 shares changing hands. The stock had previously closed at GBX 286.50 ($3.58).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “hold” rating and set a GBX 382 ($4.78) price objective on shares of Great Portland Estates in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 405.50 ($5.07).

Great Portland Estates Stock Down 2.1 %

The company has a debt-to-equity ratio of 51.52, a current ratio of 0.26 and a quick ratio of 0.46. The firm has a 50 day simple moving average of GBX 298.20 and a 200-day simple moving average of GBX 328.84. The stock has a market capitalization of £1.14 billion, a price-to-earnings ratio of -277.72, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80.

Great Portland Estates Cuts Dividend

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

Insider Buying and Selling at Great Portland Estates

In other Great Portland Estates news, insider Richard Stephen Mully purchased 14,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of GBX 293 ($3.67) per share, with a total value of £41,020 ($51,319.90). Insiders bought a total of 14,150 shares of company stock worth $4,147,063 over the last three months. Corporate insiders own 1.43% of the company’s stock.

Great Portland Estates Company Profile

GPE is a FTSE 250 real estate investor and developer. GPE aims to deliver superior returns by unlocking the often hidden potential in commercial real estate in central London, creating high quality sustainable spaces for its customers and long-term value for its stakeholders.