Great Portland Estates PLC (LON:GPOR) insider Nick Sanderson bought 23 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of GBX 639 ($7.86) per share, for a total transaction of £146.97 ($180.86).
Shares of LON:GPOR opened at GBX 632 ($7.78) on Wednesday. The company has a 50-day moving average price of GBX 650.82 and a 200 day moving average price of GBX 770.22. The company has a market cap of $1.62 billion and a price-to-earnings ratio of 31.60. The company has a current ratio of 1.86, a quick ratio of 1.84 and a debt-to-equity ratio of 22.23. Great Portland Estates PLC has a 12 month low of GBX 518.60 ($6.38) and a 12 month high of GBX 971.80 ($11.96).
Great Portland Estates (LON:GPOR) last announced its quarterly earnings results on Wednesday, May 20th. The company reported GBX 22 ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 21.30 ($0.26) by GBX 0.70 ($0.01). As a group, equities analysts forecast that Great Portland Estates PLC will post 1956.9999534 EPS for the current year.
The company also recently announced a dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Thursday, May 28th will be given a dividend of GBX 7.90 ($0.10) per share. The ex-dividend date is Thursday, May 28th. This is a positive change from Great Portland Estates’s previous dividend of $4.70. This represents a yield of 1.25%. Great Portland Estates’s payout ratio is 65.00%.
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Great Portland Estates from GBX 660 ($8.12) to GBX 630 ($7.75) and set a “neutral” rating on the stock in a report on Wednesday. Morgan Stanley cut their price target on Great Portland Estates from GBX 920 ($11.32) to GBX 720 ($8.86) and set an “overweight” rating for the company in a research note on Monday, May 11th. Deutsche Bank lowered their price objective on shares of Great Portland Estates from GBX 850 ($10.46) to GBX 730 ($8.98) and set a “hold” rating on the stock in a research note on Thursday, May 21st. UBS Group restated a “buy” rating on shares of Great Portland Estates in a research report on Thursday, May 21st. Finally, Liberum Capital upgraded shares of Great Portland Estates to a “buy” rating and set a GBX 765 ($9.41) price target on the stock in a research report on Wednesday, May 20th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 744.14 ($9.16).
About Great Portland Estates
We are a FTSE 250 property investment and development company owning £2.6 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.
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