Great Portland Estates Plc (LON:GPE - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The company traded as low as GBX 263.50 ($3.22) and last traded at GBX 267 ($3.26), with a volume of 12702 shares traded. The stock had previously closed at GBX 266.50 ($3.25).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 382 ($4.66) price target on shares of Great Portland Estates in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Great Portland Estates has an average rating of "Moderate Buy" and a consensus target price of GBX 405.50 ($4.95).
Read Our Latest Stock Analysis on Great Portland Estates
Great Portland Estates Price Performance
The stock has a market capitalization of £1.07 billion, a PE ratio of -261.39, a P/E/G ratio of 2.22 and a beta of 0.80. The company has a debt-to-equity ratio of 51.52, a current ratio of 0.26 and a quick ratio of 0.46. The stock's fifty day moving average is GBX 294.37 and its 200-day moving average is GBX 326.88.
Great Portland Estates Cuts Dividend
The firm also recently declared 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 is currently -1,188.12%.
Insider Buying and Selling
In other news, insider Richard Stephen Mully acquired 14,000 shares of the business's stock in a transaction on Monday, November 18th. The stock was bought at an average cost of GBX 293 ($3.58) per share, for a total transaction of £41,020 ($50,079.36). In the last quarter, insiders purchased 14,150 shares of company stock valued at $4,147,063. 1.43% of the stock is owned by corporate insiders.
About Great Portland Estates
(
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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.
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