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

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

Great Portland Estates Trading Up 0.3 %

GPE stock traded up GBX 1 ($0.01) on Thursday, hitting GBX 289 ($3.62). 317,627 shares of the company were exchanged, compared to its average volume of 967,446. The stock has a market capitalization of £1.17 billion, a price-to-earnings ratio of -286.14, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. The business’s fifty day moving average is GBX 300.65 and its two-hundred day moving average is GBX 329.98. Great Portland Estates Plc has a twelve month low of GBX 283.50 ($3.55) and a twelve month high of GBX 441 ($5.52). The company has a debt-to-equity ratio of 51.52, a current ratio of 0.26 and a quick ratio of 0.46.

Great Portland Estates Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “hold” rating and set a GBX 382 ($4.78) price objective on shares of Great Portland Estates in a report on Thursday, December 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to 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.