Royal Bank of Canada reaffirmed their underperform rating on shares of Great Portland Estates (LON:GPOR) in a research report sent to investors on Monday morning, ThisIsMoney.Co.Uk reports. Royal Bank of Canada currently has a GBX 550 ($7.19) price objective on the stock.
GPOR has been the topic of several other reports. Goldman Sachs Group cut their price objective on shares of Great Portland Estates from GBX 633 ($8.27) to GBX 616 ($8.05) and set a neutral rating on the stock in a report on Monday, February 25th. Peel Hunt reissued a hold rating on shares of Great Portland Estates in a report on Thursday, March 7th. Liberum Capital reissued a hold rating on shares of Great Portland Estates in a report on Tuesday, March 12th. Morgan Stanley lifted their price objective on shares of Great Portland Estates from GBX 700 ($9.15) to GBX 750 ($9.80) and gave the company an underweight rating in a report on Thursday, March 14th. Finally, Deutsche Bank reissued a hold rating on shares of Great Portland Estates in a report on Tuesday, March 19th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Great Portland Estates currently has a consensus rating of Hold and a consensus price target of GBX 672.17 ($8.78).
Shares of LON:GPOR opened at GBX 688 ($8.99) on Monday. The stock has a market capitalization of $1.84 billion and a price-to-earnings ratio of 40.23. The stock’s 50 day moving average is GBX 724.49. Great Portland Estates has a one year low of GBX 647.40 ($8.46) and a one year high of GBX 777.60 ($10.16). The company has a current ratio of 3.09, a quick ratio of 2.97 and a debt-to-equity ratio of 14.58.
The company also recently announced a dividend, which will be paid on Monday, July 8th. Shareholders of record on Thursday, May 30th will be paid a GBX 7.90 ($0.10) dividend. This represents a yield of 1.03%. This is an increase from Great Portland Estates’s previous dividend of $4.30. The ex-dividend date of this dividend is Thursday, May 30th. Great Portland Estates’s dividend payout ratio (DPR) is 0.70%.
Great Portland Estates Company Profile
We are a FTSE 250 property investment and development company owning £2.6 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.
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