Great Portland Estates (LON:GPE) Releases Earnings Results

Great Portland Estates (LON:GPE) released its quarterly earnings data on Thursday. The company reported GBX 3.90 earnings per share for the quarter, Digital Look Earnings reports. Great Portland Estates had a net margin of 131.04% and a return on equity of 7.41%. The firm had revenue of GBX 5,460 million for the quarter.

Great Portland Estates Price Performance

LON:GPE opened at GBX 327 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.54 and a debt-to-equity ratio of 41.28. The business’s 50-day moving average price is GBX 312.54 and its 200 day moving average price is GBX 319.03. Great Portland Estates has a 52-week low of GBX 270 and a 52-week high of GBX 377. The firm has a market cap of £1.32 billion, a P/E ratio of 8.58, a PEG ratio of 2.22 and a beta of 0.91.

Insider Transactions at Great Portland Estates

In related news, insider Toby Courtauld sold 29,288 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of GBX 314, for a total value of £91,964.32. Also, insider Dan Nicholson sold 16,037 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of GBX 314, for a total transaction of £50,356.18. Insiders acquired a total of 194 shares of company stock valued at $59,744 over the last three months. 1.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on GPE. The Goldman Sachs Group dropped their price target 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. UBS Group restated a “sell” rating and set a GBX 315 price objective on shares of Great Portland Estates in a research note on Monday, May 18th. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 370 target price on shares of Great Portland Estates in a research report on Wednesday, April 15th. Jefferies Financial Group reissued a “hold” rating and set a GBX 334 price target on shares of Great Portland Estates in a report on Friday, May 29th. Finally, Berenberg Bank lowered their price target on shares of Great Portland Estates from GBX 377 to GBX 360 and set a “hold” rating for the company in a research report on Monday. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 388.22.

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.