Berenberg Bank Reiterates "Hold" Rating for Great Portland Estates (LON:GPE)

Berenberg Bank reiterated their hold rating on shares of Great Portland Estates (LON:GPE - Free Report) in a report published on Thursday, Marketbeat.com reports. The firm currently has a GBX 382 ($4.77) price objective on the stock.

Great Portland Estates Price Performance

LON GPE traded down GBX 4 ($0.05) during midday trading on Thursday, hitting GBX 291 ($3.64). The company had a trading volume of 1,609,677 shares, compared to its average volume of 976,167. 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 company has a market capitalization of £1.18 billion, a PE ratio of -288.12, a P/E/G ratio of 2.22 and a beta of 0.80. The firm has a 50-day moving average price of GBX 310.14 and a 200-day moving average price of GBX 333.66. Great Portland Estates has a twelve month low of GBX 288 ($3.60) and a twelve month high of GBX 441 ($5.51).

Great Portland Estates Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, November 21st will be paid a dividend of GBX 2.90 ($0.04) per share. This represents a yield of 0.98%. The ex-dividend date of this dividend is Thursday, November 21st. Great Portland Estates's dividend payout ratio is presently -1,188.12%.

Insider Transactions at Great Portland Estates

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