Great Portland Estates (LON:GPE) Sets New 1-Year Low – Time to Sell?

Great Portland Estates Plc (LON:GPE)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 288 ($3.61) and last traded at GBX 289.68 ($3.63), with a volume of 202709 shares traded. The stock had previously closed at GBX 295.50 ($3.70).

Great Portland Estates Stock Performance

The firm has a market capitalization of £1.20 billion, a price-to-earnings ratio of -293.07, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. The firm’s 50-day moving average price is GBX 330.95 and its two-hundred day moving average price is GBX 347.75. The company has a debt-to-equity ratio of 51.52, a quick ratio of 0.46 and a current ratio of 0.26.

Great Portland Estates Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, November 21st will be paid a dividend of GBX 2.90 ($0.04) per share. This represents a yield of 0.98%. The ex-dividend date is Thursday, November 21st. Great Portland Estates’s dividend payout ratio is -1,188.12%.

Insider Activity

In other news, insider Richard Stephen Mully bought 14,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of GBX 293 ($3.67) per share, for a total transaction of £41,020 ($51,422.84). Also, insider Dan Nicholson purchased 45 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average cost of GBX 3,395 ($42.56) per share, with a total value of £1,527.75 ($1,915.19). In the last ninety days, insiders have purchased 17,174 shares of company stock worth $5,379,021. Company insiders own 1.43% of the company’s stock.

About Great Portland Estates

We are a FTSE 250 property investment and development company owning £2.5 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.