Great Portland Estates (LON:GPE) Hits New 52-Week Low – Time to Sell?

Great Portland Estates Plc (LON:GPE) reached a new 52-week low during trading on Friday . The company traded as low as GBX 263 ($3.25) and last traded at GBX 269.50 ($3.33), with a volume of 469677 shares trading hands. The stock had previously closed at GBX 269 ($3.32).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 382 ($4.72) price target on shares of Great Portland Estates in a research report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 405.50 ($5.01).

Great Portland Estates Trading Up 0.6 %

The stock has a market capitalization of £1.10 billion, a PE ratio of -267.97, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. The firm has a 50-day moving average price of GBX 289.29 and a 200-day moving average price of GBX 323.58. The company has a current ratio of 0.26, a quick ratio of 0.46 and a debt-to-equity ratio of 51.52.

Great Portland Estates (LON:GPE) last issued its earnings results on Thursday, November 14th. The company reported GBX 2.30 ($0.03) EPS for the quarter. Great Portland Estates had a negative return on equity of 17.58% and a negative net margin of 292.59%. As a group, equities analysts forecast that Great Portland Estates Plc will post 6.1719457 EPS for the current fiscal year.

Great Portland Estates Cuts Dividend

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

Insider Buying and Selling at Great Portland Estates

In other news, insider Richard Stephen Mully acquired 14,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of GBX 293 ($3.62) per share, with a total value of £41,020 ($50,667.00). Insiders have acquired a total of 14,150 shares of company stock valued at $4,147,063 in the last 90 days. 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.