Great Portland Estates (LON:GPE) Reaches New 1-Year Low – Should You Sell?

Great Portland Estates Plc (LON:GPE)’s share price hit a new 52-week low on Friday . The stock traded as low as GBX 287 ($3.59) and last traded at GBX 291.50 ($3.64), with a volume of 11273 shares traded. The stock had previously closed at GBX 291 ($3.64).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “hold” rating and set a GBX 382 ($4.77) target price on shares of Great Portland Estates in a research note on Thursday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Great Portland Estates has an average rating of “Moderate Buy” and a consensus target price of GBX 405.50 ($5.07).

Great Portland Estates Price Performance

The business’s 50 day moving average price is GBX 309.23 and its 200-day moving average price 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. The firm has a market capitalization of £1.18 billion, a PE ratio of -288.12, a P/E/G ratio of 2.22 and a beta of 0.80.

Great Portland Estates Cuts Dividend

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

Insiders Place Their Bets

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

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.