Great Portland Estates (LON:GPE) Hits New 1-Year Low - Time to Sell?

Great Portland Estates Plc (LON:GPE - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 281.50 ($3.51) and last traded at GBX 282 ($3.52), with a volume of 185471 shares changing hands. The stock had previously closed at GBX 286.50 ($3.57).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 382 ($4.77) target price on shares of Great Portland Estates in a research report on Thursday, December 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Great Portland Estates has a consensus rating of "Moderate Buy" and a consensus price target of GBX 405.50 ($5.06).

Great Portland Estates Trading Down 2.1 %

The stock has a market cap of £1.14 billion, a P/E ratio of -277.72, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. The stock's 50-day moving average is GBX 298.20 and its two-hundred day moving average is GBX 328.84. The company has a debt-to-equity ratio of 51.52, a current ratio of 0.26 and a quick ratio of 0.46.

Great Portland Estates Cuts Dividend

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

Insider Activity at Great Portland Estates

In other news, insider Richard Stephen Mully purchased 14,000 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of GBX 293 ($3.66) per share, with a total value of £41,020 ($51,172.65). In the last quarter, insiders acquired 14,150 shares of company stock valued at $4,147,063. Insiders own 1.43% of the company's stock.

About Great Portland Estates

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.