Great Portland Estates (LON:GPE) Reaches New 1-Year Low – What’s Next?

Great Portland Estates Plc (LON:GPE) shares reached a new 52-week low during trading on Friday . The stock 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).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “hold” rating and set a GBX 382 ($4.77) price target on shares of Great Portland Estates in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 405.50 ($5.06).

Great Portland Estates Price Performance

The company has a debt-to-equity ratio of 51.52, a current ratio of 0.26 and a quick ratio of 0.46. The company’s 50 day moving average price is GBX 288.18 and its 200 day moving average price is GBX 322.57. 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.

Great Portland Estates (LON:GPE) last announced its quarterly earnings data on Thursday, November 14th. The company reported GBX 2.30 ($0.03) earnings per share (EPS) for the quarter. Great Portland Estates had a negative net margin of 292.59% and a negative return on equity of 17.58%. As a group, sell-side analysts anticipate that Great Portland Estates Plc will post 6.1719457 EPS for the current fiscal year.

Great Portland Estates Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, November 21st were given a dividend of GBX 2.90 ($0.04) per share. The ex-dividend date was Thursday, November 21st. This represents a dividend yield of 0.98%. Great Portland Estates’s dividend payout ratio is -1,188.12%.

Insider Transactions at Great Portland Estates

In other news, insider Richard Stephen Mully purchased 14,000 shares of Great Portland Estates stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of GBX 293 ($3.66) per share, with a total value of £41,020 ($51,204.59). Insiders have bought a total of 14,150 shares of company stock valued at $4,147,063 over the last three months. 1.43% of the stock is currently owned by corporate insiders.

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.