Great Portland Estates (LON:GPE) Reaches New 52-Week Low – Here’s What Happened

Posted by Charles Blunt on Nov 21st, 2024

Great Portland Estates Plc (LON:GPE – Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 288 ($3.64) and last traded at GBX 289.68 ($3.67), with a volume of 202709 shares traded. The stock had previously closed at GBX 295.50 ($3.74).

Great Portland Estates Stock Performance

The firm’s fifty day moving average price is GBX 333.80 and its 200-day moving average price is GBX 349.11. 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 company has a market cap of £1.17 billion, a P/E ratio of -288.61, a P/E/G ratio of 2.22 and a beta of 0.80.

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 paid a GBX 2.90 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a dividend yield of 0.98%. Great Portland Estates’s payout ratio is -1,188.12%.

Insider Activity

In other news, insider Nick Sanderson sold 7,288 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of GBX 348 ($4.40), for a total transaction of £25,362.24 ($32,091.91). Also, insider Richard Stephen Mully bought 14,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of GBX 293 ($3.71) per share, with a total value of £41,020 ($51,904.34). In the last 90 days, insiders acquired 17,174 shares of company stock worth $5,379,021. 1.43% of the stock is currently owned by corporate insiders.

About Great Portland Estates

(Get Free Report)

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.