Great Portland Estates (LON:GPE) Given “Buy” Rating at Shore Capital

Shore Capital reissued their buy rating on shares of Great Portland Estates (LON:GPE) in a research note published on Thursday, MarketBeat reports.

GPE has been the topic of several other research reports. Numis Securities restated an add rating and set a GBX 500 ($6.32) target price on shares of Great Portland Estates in a research report on Thursday, April 11th. Jefferies Financial Group restated a hold rating and set a GBX 300 ($3.79) target price on shares of Great Portland Estates in a research 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 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 Price Performance

Shares of LON GPE opened at GBX 346.44 ($4.38) on Thursday. The firm has a market cap of £1.40 billion, a price-to-earnings ratio of -326.19, a price-to-earnings-growth ratio of 2.22 and a beta of 0.78. The stock has a fifty day simple moving average of GBX 371.51 and a two-hundred day simple moving average of GBX 385.24. Great Portland Estates has a 1-year low of GBX 328.50 ($4.16) and a 1-year high of GBX 457.40 ($5.79). The company has a current ratio of 0.26, a quick ratio of 0.46 and a debt-to-equity ratio of 51.52.

Great Portland Estates Increases Dividend

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

Insider Buying and Selling

In related news, insider Nick Sanderson sold 4,266 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of GBX 354 ($4.48), for a total value of £15,101.64 ($19,101.49). In other news, insider Mark Anderson purchased 4,900 shares of the stock in a transaction on Monday, June 3rd. The shares were acquired at an average price of GBX 349 ($4.41) per share, for a total transaction of £17,101 ($21,630.41). Also, insider Nick Sanderson sold 4,266 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of GBX 354 ($4.48), for a total value of £15,101.64 ($19,101.49). Over the last quarter, insiders have acquired 10,919 shares of company stock worth $3,729,825. Corporate insiders own 1.65% of the company’s stock.

Great Portland Estates Company Profile

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.