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

Shares of Great Portland Estates Plc (LON:GPE) reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 263 ($3.28) and last traded at GBX 269.50 ($3.36), with a volume of 469677 shares trading hands. The stock had previously closed at GBX 269 ($3.36).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 382 ($4.77) price objective on shares of Great Portland Estates in a research report on Thursday, December 19th. Two investment 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 currently has an average rating of “Moderate Buy” and an average price target of GBX 405.50 ($5.06).

Great Portland Estates Price Performance

The company has a quick ratio of 0.46, a current ratio of 0.26 and a debt-to-equity ratio of 51.52. The stock has a market cap of £1.09 billion, a price-to-earnings ratio of -267.06, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. The company’s 50-day moving average is GBX 288.18 and its 200-day moving average is GBX 322.57.

Great Portland Estates (LON:GPE) last posted its quarterly earnings results 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%. Equities research analysts expect that Great Portland Estates Plc will post 6.1719457 earnings per share for the current fiscal year.

Great Portland Estates Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, November 21st were 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 was Thursday, November 21st. Great Portland Estates’s payout ratio is -1,188.12%.

Insider Transactions at Great Portland Estates

In other news, insider Richard Stephen Mully acquired 14,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was bought at an average price of GBX 293 ($3.66) per share, with a total value of £41,020 ($51,204.59). Over the last 90 days, insiders bought 14,150 shares of company stock valued at $4,147,063. Corporate insiders own 1.43% of the company’s stock.

Great Portland Estates Company Profile

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.