Great Portland Estates (LON:GPE) Sets New 52-Week Low - Time to Sell?

Great Portland Estates Plc (LON:GPE - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 263 ($3.28) and last traded at GBX 269.50 ($3.36), with a volume of 469677 shares changing hands. The stock had previously closed at GBX 269 ($3.36).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 405.50 ($5.06).

Great Portland Estates Trading Up 0.3 %

The firm has a market capitalization of £1.09 billion, a P/E ratio of -267.06, a PEG ratio of 2.22 and a beta of 0.80. The business's 50 day moving average is GBX 288.73 and its two-hundred day moving average is GBX 323.07. The company has a quick ratio of 0.46, a current ratio of 0.26 and a debt-to-equity ratio of 51.52.

Great Portland Estates (LON:GPE - Get Free Report) last released its quarterly earnings results on Thursday, November 14th. The company reported GBX 2.30 ($0.03) EPS for the quarter. Great Portland Estates had a negative net margin of 292.59% and a negative return on equity of 17.58%. Analysts expect that Great Portland Estates Plc will post 6.1719457 EPS for the current year.

Great Portland Estates Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, November 21st were issued 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 payout ratio is -1,188.12%.

Insider Buying and Selling at Great Portland Estates

In other Great Portland Estates news, insider Richard Stephen Mully acquired 14,000 shares of the stock in a transaction dated Monday, November 18th. The shares were bought at an average price of GBX 293 ($3.66) per share, with a total value of £41,020 ($51,217.38). In the last ninety days, insiders bought 14,150 shares of company stock valued at $4,147,063. 1.43% of the stock is owned by corporate insiders.

Great Portland Estates Company Profile

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.