Great Portland Estates (LON:GPE) Price Target Lowered to GBX 440 at Deutsche Bank Aktiengesellschaft

Great Portland Estates (LON:GPE) had its price objective reduced by Deutsche Bank Aktiengesellschaft from GBX 500 ($6.32) to GBX 440 ($5.57) in a report issued on Wednesday morning, Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on GPE. Numis Securities restated an add rating and set a GBX 500 ($6.32) price objective on shares of Great Portland Estates in a research note on Thursday, April 11th. Shore Capital reissued a buy rating on shares of Great Portland Estates in a report on Thursday. Finally, Jefferies Financial Group reaffirmed a hold rating and issued a GBX 300 ($3.79) price target on shares of Great Portland Estates in a report on Thursday, June 13th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of GBX 423.25 ($5.35).

Great Portland Estates Trading Up 1.0 %

LON:GPE opened at GBX 347 ($4.39) on Wednesday. The company has a market cap of £1.41 billion, a PE ratio of -330.95, a P/E/G ratio of 2.22 and a beta of 0.78. The business’s 50 day moving average is GBX 372.32 and its two-hundred day moving average is GBX 385.54. 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 has a 52 week low of GBX 328.50 ($4.16) and a 52 week high of GBX 457.40 ($5.79).

Great Portland Estates Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, July 8th. Investors of record on Thursday, May 30th will be paid a dividend of GBX 7.90 ($0.10) per share. This is an increase from Great Portland Estates’s previous dividend of $4.70. This represents a yield of 1.87%. The ex-dividend date is Thursday, May 30th. Great Portland Estates’s dividend payout ratio is presently -1,238.10%.

Insiders Place Their Bets

In other news, insider Nick Sanderson sold 4,266 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of GBX 354 ($4.48), for a total transaction of £15,101.64 ($19,101.49). In other news, insider Nick Sanderson sold 4,266 shares of Great Portland Estates stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of GBX 354 ($4.48), for a total transaction of £15,101.64 ($19,101.49). Also, insider Karen Green acquired 5,939 shares of Great Portland Estates stock in a transaction dated Friday, June 28th. The shares were acquired at an average price of GBX 335 ($4.24) per share, with a total value of £19,895.65 ($25,165.25). Insiders have purchased 10,919 shares of company stock valued at $3,729,825 over the last three months. Company insiders own 1.65% of the company’s stock.

About Great Portland Estates

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.