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

Posted by Tech Dows on Jan 9th, 2025

Great Portland Estates Plc (LON:GPE – Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 281.50 ($3.48) and last traded at GBX 282 ($3.49), with a volume of 185471 shares changing hands. The stock had previously closed at GBX 286.50 ($3.54).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “hold” rating and set a GBX 382 ($4.72) target price on shares of Great Portland Estates in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Great Portland Estates currently has an average rating of “Moderate Buy” and a consensus target price of GBX 405.50 ($5.01).

View Our Latest Research Report on Great Portland Estates

Great Portland Estates Trading Down 0.7 %

The company has a quick ratio of 0.46, a current ratio of 0.26 and a debt-to-equity ratio of 51.52. The firm’s 50-day simple moving average is GBX 296.13 and its 200 day simple moving average is GBX 327.94. The stock has a market capitalization of £1.09 billion, a P/E ratio of -265.84, a PEG ratio of 2.22 and a beta of 0.80.

Great Portland Estates Cuts Dividend

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

Insiders Place Their Bets

In related news, insider Richard Stephen Mully purchased 14,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of GBX 293 ($3.62) per share, with a total value of £41,020 ($50,704.57). Over the last 90 days, insiders have acquired 14,150 shares of company stock worth $4,147,063. 1.43% of the stock is owned by insiders.

Great Portland Estates Company Profile

(Get Free Report)

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.