Great Portland Estates (LON:GPE) Reaches New 12-Month Low – Here’s What Happened

Great Portland Estates Plc (LON:GPE) 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. The stock had previously closed at GBX 291 ($3.64).

Analyst Ratings Changes

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

Great Portland Estates Stock Performance

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 company’s 50-day moving average price is GBX 309.23 and its 200-day moving average price is GBX 333.22. The firm has a market capitalization of £1.18 billion, a PE ratio of -288.12, a PEG ratio of 2.22 and a beta of 0.80.

Great Portland Estates Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, November 21st will be paid 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 dividend payout ratio is presently -1,188.12%.

Insider Transactions at Great Portland Estates

In related news, insider Richard Stephen Mully acquired 14,000 shares of Great Portland Estates stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of GBX 293 ($3.66) per share, for a total transaction of £41,020 ($51,268.59). Also, insider Dan Nicholson bought 3,040 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average cost of GBX 360 ($4.50) per share, for a total transaction of £10,944 ($13,678.29). In the last ninety days, insiders acquired 17,179 shares of company stock valued at $5,241,246. 1.43% of the stock is currently owned by corporate insiders.

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.