Insider Buying: Great Portland Estates Plc (LON:GPE) Insider Buys 5,939 Shares of Stock

Great Portland Estates Plc (LON:GPE) insider Karen Green bought 5,939 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average cost of GBX 335 ($4.25) per share, with a total value of £19,895.65 ($25,238.68).

Great Portland Estates Price Performance

GPE stock traded up GBX 1.10 ($0.01) during midday trading on Friday, reaching GBX 335.10 ($4.25). The company had a trading volume of 797,280 shares, compared to its average volume of 741,650. 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 has a market capitalization of £1.36 billion, a price-to-earnings ratio of -318.10, a price-to-earnings-growth ratio of 2.22 and a beta of 0.78. Great Portland Estates Plc has a 1-year low of GBX 328.50 ($4.17) and a 1-year high of GBX 457.40 ($5.80). The stock has a 50 day moving average price of GBX 378.20 and a 200-day moving average price of GBX 388.34.

Great Portland Estates Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Shore Capital reaffirmed a “hold” rating on shares of Great Portland Estates in a research report on Thursday, April 11th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 300 ($3.81) price objective on shares of Great Portland Estates in a research report on Thursday, June 13th. Finally, Numis Securities reaffirmed an “add” rating and set a GBX 500 ($6.34) price objective on shares of Great Portland Estates in a research report on Thursday, April 11th.

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.