Toby Courtauld Acquires 43 Shares of Great Portland Estates Plc (LON:GPE) Stock

Great Portland Estates Plc (LON:GPE) insider Toby Courtauld acquired 43 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was purchased at an average price of GBX 348 ($4.48) per share, for a total transaction of £149.64 ($192.49).

Toby Courtauld also recently made the following trade(s):

• On Friday, May 31st, Toby Courtauld purchased 42 shares of Great Portland Estates stock. The stock was bought at an average cost of GBX 358 ($4.61) per share, for a total transaction of £150.36 ($193.41).

Great Portland Estates Stock Performance

Shares of Great Portland Estates stock opened at GBX 344 ($4.43) on Friday. The company has a market capitalization of £1.39 billion, a PE ratio of -327.62, a PEG ratio of 2.22 and a beta of 0.78. Great Portland Estates Plc has a 12 month low of GBX 328.50 ($4.23) and a 12 month high of GBX 457.40 ($5.88). The company has a current ratio of 0.26, a quick ratio of 0.46 and a debt-to-equity ratio of 51.52. The stock’s fifty day simple moving average is GBX 344.15 and its 200 day simple moving average is GBX 374.15.

Great Portland Estates Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, July 8th. Investors of record on Thursday, May 30th were paid a dividend of GBX 7.90 ($0.10) per share. This represents a yield of 1.87%. The ex-dividend date of this dividend was Thursday, May 30th. This is an increase from Great Portland Estates’s previous dividend of $4.70. Great Portland Estates’s dividend payout ratio (DPR) is presently -1,238.10%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GPE shares. Deutsche Bank Aktiengesellschaft cut their price target on Great Portland Estates from GBX 500 ($6.43) to GBX 440 ($5.66) and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Jefferies Financial Group reissued a “hold” rating and issued a GBX 300 ($3.86) price target on shares of Great Portland Estates in a research note on Thursday, June 13th. Numis Securities reissued an “add” rating and issued a GBX 500 ($6.43) price target on shares of Great Portland Estates in a research note on Thursday, April 11th. Finally, Shore Capital reissued a “buy” rating on shares of Great Portland Estates in a research note on Thursday, July 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 423.25 ($5.44).

Great Portland Estates Company Profile

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.