Great Portland Estates Plc (LON:GPE) Insider Buys £152.11 in Stock

Great Portland Estates Plc (LON:GPE) insider Dan Nicholson acquired 53 shares of the stock in a transaction dated Tuesday, December 31st. The shares were bought at an average cost of GBX 287 ($3.57) per share, with a total value of £152.11 ($188.96).

Great Portland Estates Stock Up 0.1 %

Great Portland Estates stock opened at GBX 289.20 ($3.59) on Friday. The company has a fifty day simple moving average of GBX 299.09 and a 200 day simple moving average of GBX 329.20. The company has a current ratio of 0.26, a quick ratio of 0.46 and a debt-to-equity ratio of 51.52. Great Portland Estates Plc has a 1-year low of GBX 283.50 ($3.52) and a 1-year high of GBX 441 ($5.48). The company has a market cap of £1.17 billion, a P/E ratio of -286.34, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80.

Great Portland Estates Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 382 ($4.75) price objective on shares of Great Portland Estates in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 405.50 ($5.04).

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.