Great Portland Estates Plc (LON:GPE) Insider Dan Nicholson Purchases 53 Shares

Great Portland Estates Plc (LON:GPE) insider Dan Nicholson bought 53 shares of Great Portland Estates stock in a transaction dated Tuesday, December 31st. The shares were purchased at an average cost of GBX 287 ($3.59) per share, for a total transaction of £152.11 ($190.33).

Great Portland Estates Stock Up 0.3 %

LON GPE traded up GBX 1 ($0.01) during trading hours on Thursday, reaching GBX 289 ($3.62). 317,627 shares of the company traded hands, compared to its average volume of 967,446. The stock has a market capitalization of £1.17 billion, a PE ratio of -286.14, a PEG 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. Great Portland Estates Plc has a 12 month low of GBX 283.50 ($3.55) and a 12 month high of GBX 441 ($5.52). The company has a 50 day moving average of GBX 300.65 and a two-hundred day moving average of GBX 329.98.

Great Portland Estates Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 382 ($4.78) 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 405.50 ($5.07).

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.