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

Shares of Great Portland Estates Plc (LON:GPE) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 288 ($3.64) and last traded at GBX 289.68 ($3.67), with a volume of 202709 shares trading hands. The stock had previously closed at GBX 295.50 ($3.74).

Great Portland Estates Trading Down 2.0 %

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 business has a 50 day simple moving average of GBX 333.80 and a 200-day simple moving average of GBX 349.11. The stock has a market capitalization of £1.17 billion, a price-to-earnings ratio of -288.61, 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 will be paid on Friday, January 3rd. Investors of record on Thursday, November 21st will be issued a GBX 2.90 ($0.04) dividend. This represents a dividend yield of 0.98%. The ex-dividend date is Thursday, November 21st. Great Portland Estates’s dividend payout ratio (DPR) is -1,188.12%.

Insider Buying and Selling at Great Portland Estates

In other news, insider Richard Stephen Mully acquired 14,000 shares of Great Portland Estates stock in a transaction on Monday, November 18th. The stock was bought at an average cost of GBX 293 ($3.71) per share, with a total value of £41,020 ($51,904.34). Also, insider Dan Nicholson acquired 45 shares of Great Portland Estates stock in a transaction that occurred on Friday, August 30th. The stock was acquired at an average cost of GBX 3,395 ($42.96) per share, with a total value of £1,527.75 ($1,933.13). Insiders have acquired 17,174 shares of company stock valued at $5,379,021 in the last quarter. Corporate insiders own 1.43% of the company’s stock.

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.