Great Portland Estates (LON:GPE) Announces Quarterly Earnings Results

Great Portland Estates (LON:GPE) issued its quarterly earnings data on Friday. The company reported GBX 8.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The company had revenue of £117.90 million during the quarter. Great Portland Estates had a net margin of 138.95% and a return on equity of 7.18%.

Great Portland Estates Price Performance

GPE opened at GBX 316.80 on Friday. The company has a 50-day moving average of GBX 303.40 and a 200-day moving average of GBX 320.77. The company has a market capitalization of £1.28 billion, a P/E ratio of 8.68, a PEG ratio of 2.22 and a beta of 0.92. Great Portland Estates has a 1-year low of GBX 270 and a 1-year high of GBX 377. The company has a debt-to-equity ratio of 53.27, a quick ratio of 0.46 and a current ratio of 1.80.

Insider Activity

In related news, insider Peter Duffy purchased 19,965 shares of Great Portland Estates stock in a transaction dated Monday, March 2nd. The shares were acquired at an average price of GBX 343 per share, with a total value of £68,479.95. Also, insider Jayne Cottam purchased 32,330 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average price of GBX 309 per share, with a total value of £99,899.70. Insiders have bought 52,428 shares of company stock worth $16,879,622 in the last ninety days. Corporate insiders own 1.53% of the company’s stock.

Analyst Ratings Changes

GPE has been the subject of several analyst reports. UBS Group restated a “sell” rating and issued a GBX 315 target price on shares of Great Portland Estates in a research note on Monday. Berenberg Bank reaffirmed a “hold” rating and set a GBX 377 price target on shares of Great Portland Estates in a research note on Thursday. Stifel Nicolaus reissued a “hold” rating and issued a GBX 370 price objective on shares of Great Portland Estates in a research report on Wednesday, April 15th. Jefferies Financial Group restated a “hold” rating and set a GBX 323 target price on shares of Great Portland Estates in a research note on Thursday. Finally, The Goldman Sachs Group dropped their target price on Great Portland Estates from GBX 370 to GBX 340 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Great Portland Estates presently has a consensus rating of “Hold” and a consensus target price of GBX 388.89.

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.