Great Portland Estates Plc (LON:GPE – Get Rating) shares traded down 1% during mid-day trading on Tuesday . The stock traded as low as GBX 615 ($7.53) and last traded at GBX 616 ($7.55). 191,224 shares were traded during trading, a decline of 44% from the average session volume of 342,052 shares. The stock had previously closed at GBX 622 ($7.62).
Several equities analysts have recently issued reports on the stock. Citigroup restated a “neutral” rating on shares of Great Portland Estates in a report on Monday, March 14th. JPMorgan Chase & Co. upgraded shares of Great Portland Estates to an “overweight” rating and increased their price target for the stock from GBX 780 ($9.55) to GBX 900 ($11.02) in a report on Wednesday, April 13th. Royal Bank of Canada reiterated an “underperform” rating and issued a GBX 600 ($7.35) price target on shares of Great Portland Estates in a report on Friday, May 13th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 700 ($8.57) price target on shares of Great Portland Estates in a report on Monday, May 30th.
The stock has a fifty day moving average of GBX 664.25. The company has a current ratio of 0.38, a quick ratio of 0.37 and a debt-to-equity ratio of 27.91. The firm has a market cap of £1.56 billion and a P/E ratio of 9.33.
The company also recently disclosed a dividend, which will be paid on Monday, July 11th. Stockholders of record on Thursday, May 26th will be paid a dividend of GBX 7.90 ($0.10) per share. The ex-dividend date of this dividend is Thursday, May 26th. This represents a dividend yield of 1.17%. Great Portland Estates’s payout ratio is 0.19%.
In other news, insider Mark Anderson acquired 2,451 shares of the company’s stock in a transaction dated Thursday, May 19th. The shares were acquired at an average price of GBX 645 ($7.90) per share, with a total value of £15,808.95 ($19,364.22). Insiders have bought a total of 2,495 shares of company stock worth $1,611,198 in the last ninety days.
Great Portland Estates Company Profile (LON:GPE)
We are a FTSE 250 property investment and development company owning £2.6 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.
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