Great Portland Estates Plc (LON:GPE - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 287 ($3.61) and last traded at GBX 291.50 ($3.66), with a volume of 11273 shares changing hands. The stock had previously closed at GBX 291 ($3.66).
Wall Street Analyst Weigh In
Separately, Berenberg Bank restated a "hold" rating and set a GBX 382 ($4.80) target price on shares of Great Portland Estates in a report on Thursday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 405.50 ($5.10).
Get Our Latest Stock Report on GPE
Great Portland Estates Price Performance
The stock has a 50 day moving average of GBX 308.33 and a two-hundred day moving average of GBX 332.82. The company has a debt-to-equity ratio of 51.52, a quick ratio of 0.46 and a current ratio of 0.26. The firm has a market capitalization of £1.18 billion, a P/E ratio of -289.11, a P/E/G ratio of 2.22 and a beta of 0.80.
Great Portland Estates Cuts Dividend
The firm also recently declared a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, November 21st will be given a GBX 2.90 ($0.04) dividend. This represents a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, November 21st. Great Portland Estates's dividend payout ratio is currently -1,188.12%.
Insider Activity at Great Portland Estates
In related news, insider Dan Nicholson acquired 3,040 shares of the business's stock in a transaction dated Friday, September 27th. The stock was acquired at an average price of GBX 360 ($4.52) per share, with a total value of £10,944 ($13,753.93). Also, insider Richard Stephen Mully purchased 14,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of GBX 293 ($3.68) per share, for a total transaction of £41,020 ($51,552.09). Insiders acquired a total of 17,179 shares of company stock worth $5,241,246 in the last 90 days. 1.43% of the stock is owned by company insiders.
About Great Portland Estates
(
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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.
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