Great Portland Estates (LON:GPE) Reaches New 52-Week Low – Here’s What Happened

Shares of Great Portland Estates Plc (LON:GPE) hit a new 52-week low on Thursday . The company traded as low as GBX 288 ($3.61) and last traded at GBX 289.68 ($3.63), with a volume of 202709 shares changing hands. The stock had previously closed at GBX 295.50 ($3.70).

Great Portland Estates Trading Up 1.2 %

The stock has a market capitalization of £1.20 billion, a price-to-earnings ratio of -293.07, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. The company has a current ratio of 0.26, a quick ratio of 0.46 and a debt-to-equity ratio of 51.52. The company has a fifty day moving average of GBX 330.95 and a two-hundred day moving average of GBX 347.75.

Great Portland Estates Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, November 21st will be issued a dividend of GBX 2.90 ($0.04) per share. 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 other Great Portland Estates news, insider Dan Nicholson bought 45 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average price of GBX 3,395 ($42.56) per share, for a total transaction of £1,527.75 ($1,915.19). Also, insider Richard Stephen Mully bought 14,000 shares of the stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of GBX 293 ($3.67) per share, for a total transaction of £41,020 ($51,422.84). In the last three months, insiders have bought 17,174 shares of company stock worth $5,379,021. 1.43% of the stock is owned by insiders.

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.