Insider Buying: The GPT Group (ASX:GPT) Insider Purchases 100,000 Shares of Stock

The GPT Group (ASX:GPT) insider Russell Proutt bought 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of A$4.45 ($2.78) per share, for a total transaction of A$444,500.00 ($277,812.50).

Russell Proutt also recently made the following trade(s):

• On Monday, September 30th, Russell Proutt purchased 50,000 shares of The GPT Group stock. The shares were purchased at an average cost of A$5.05 ($3.16) per share, for a total transaction of A$252,500.00 ($157,812.50).
• On Friday, September 27th, Russell Proutt acquired 50,000 shares of The GPT Group stock. The stock was purchased at an average cost of A$5.05 ($3.16) per share, with a total value of A$252,500.00 ($157,812.50).

The GPT Group Price Performance

The company has a quick ratio of 0.36, a current ratio of 0.47 and a debt-to-equity ratio of 48.92.

The GPT Group Increases Dividend

The firm also recently disclosed a Final dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 27th will be paid a $0.12 dividend. This represents a dividend yield of 2.67%. The ex-dividend date is Sunday, December 29th. This is a boost from The GPT Group’s previous Final dividend of $0.10. The GPT Group’s dividend payout ratio is -100.00%.

About The GPT Group

GPT is a vertically integrated diversified property group that owns and actively manages a portfolio of high quality Australian retail, office and logistics assets, with assets under management of $32.4 billion. The Group utilises its real estate management platform to enhance returns through property development and funds management.