Great Portland Estates’ (GPE) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Great Portland Estates (LON:GPE) in a research report report published on Thursday, Marketbeat.com reports. The firm currently has a GBX 382 ($4.80) price objective on the stock.

Great Portland Estates Stock Up 0.3 %

Shares of GPE stock opened at GBX 292 ($3.67) on Thursday. The firm’s fifty day moving average price is GBX 308.33 and its two-hundred day moving average price is GBX 332.73. Great Portland Estates has a 1 year low of GBX 287 ($3.61) and a 1 year high of GBX 441 ($5.54). The company has a current ratio of 0.26, a quick ratio of 0.46 and a debt-to-equity ratio of 51.52. The firm has a market capitalization of £1.18 billion, a P/E ratio of -289.11, a PEG ratio of 2.22 and a beta of 0.80.

Great Portland Estates Cuts Dividend

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

Insiders Place Their Bets

In other Great Portland Estates news, insider Dan Nicholson bought 3,040 shares of Great Portland Estates stock in a transaction dated Friday, September 27th. The stock was bought at an average cost of GBX 360 ($4.52) per share, for a total transaction of £10,944 ($13,753.93). Also, insider Richard Stephen Mully purchased 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 ($3.68) per share, for a total transaction of £41,020 ($51,552.09). Insiders have purchased 17,179 shares of company stock valued at $5,241,246 in the last 90 days. 1.43% of the stock is currently owned by insiders.

Great Portland Estates Company Profile

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.