Insider Buying: Great Portland Estates Plc (LON:GPE) Insider Purchases 53 Shares of Stock

Great Portland Estates Plc (LON:GPE - Get Free Report) insider Dan Nicholson acquired 53 shares of the business's stock in a transaction dated Tuesday, December 31st. The stock was acquired at an average price of GBX 287 ($3.55) per share, for a total transaction of £152.11 ($188.28).

Great Portland Estates Stock Up 0.3 %

LON:GPE traded up GBX 1 ($0.01) during mid-day trading on Thursday, hitting GBX 289 ($3.58). 317,627 shares of the company's stock were exchanged, compared to its average volume of 967,446. The company has a market cap of £1.17 billion, a PE ratio of -286.14, 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. Great Portland Estates Plc has a one year low of GBX 283.50 ($3.51) and a one year high of GBX 441 ($5.46). The business has a fifty day moving average price of GBX 300.65 and a 200 day moving average price of GBX 329.98.

Great Portland Estates Cuts Dividend

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

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a "hold" rating and set a GBX 382 ($4.73) target price on shares of Great Portland Estates in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 405.50 ($5.02).

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.