Great Portland Estates (LON:GPE) Sets New 52-Week Low – Here’s Why

Great Portland Estates Plc (LON:GPE)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 281.50 ($3.48) and last traded at GBX 282 ($3.49), with a volume of 185471 shares. The stock had previously closed at GBX 286.50 ($3.54).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “hold” rating and set a GBX 382 ($4.72) price objective on shares of Great Portland Estates in a research report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 405.50 ($5.01).

Great Portland Estates Stock Down 0.7 %

The business’s 50-day moving average price is GBX 296.13 and its 200-day moving average price is GBX 327.94. The firm has a market capitalization of £1.09 billion, a PE ratio of -265.84, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. 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 Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, November 21st were paid 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 dividend payout ratio (DPR) is currently -1,188.12%.

Insider Transactions at Great Portland Estates

In other news, insider Richard Stephen Mully purchased 14,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of GBX 293 ($3.62) per share, with a total value of £41,020 ($50,704.57). Over the last ninety days, insiders have purchased 14,150 shares of company stock valued at $4,147,063. 1.43% of the stock is owned by 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.