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

Shares of Great Portland Estates Plc (LON:GPE) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 263.50 ($3.22) and last traded at GBX 267 ($3.26), with a volume of 12702 shares. The stock had previously closed at GBX 266.50 ($3.25).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 382 ($4.66) price target on shares of Great Portland Estates in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Great Portland Estates presently has an average rating of “Moderate Buy” and an average price target of GBX 405.50 ($4.95).

Great Portland Estates Trading Up 1.7 %

The stock has a market cap of £1.09 billion, a PE ratio of -266.34, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. The stock has a 50-day moving average price of GBX 292.62 and a two-hundred day moving average price of GBX 325.93. The company has a debt-to-equity ratio of 51.52, a current ratio of 0.26 and a quick ratio of 0.46.

Great Portland Estates Cuts Dividend

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

Insider Activity

In other news, insider Richard Stephen Mully acquired 14,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of GBX 293 ($3.58) per share, for a total transaction of £41,020 ($50,079.36). Insiders bought a total of 14,150 shares of company stock worth $4,147,063 over the last 90 days. Corporate insiders own 1.43% of the company’s stock.

About Great Portland Estates

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.