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

Posted by ABMN Staff on Dec 22nd, 2024

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

Great Portland Estates Stock Up 0.3 %

Shares of LON GPE opened at GBX 292 ($3.67) on Thursday. The company has a market cap of £1.18 billion, a price-to-earnings ratio of -289.11, a PEG ratio of 2.22 and a beta of 0.80. 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 has a 12 month low of GBX 287 ($3.61) and a 12 month high of GBX 441 ($5.54). The stock has a 50-day moving average price of GBX 308.33 and a two-hundred day moving average price of GBX 332.73.

Great Portland Estates Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, November 21st will be paid a dividend of GBX 2.90 ($0.04) per share. 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 presently -1,188.12%.

Insider Transactions at Great Portland Estates

In other Great Portland Estates news, insider Richard Stephen Mully purchased 14,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were bought at an average price of GBX 293 ($3.68) per share, for a total transaction of £41,020 ($51,552.09). Also, insider Dan Nicholson acquired 3,040 shares of Great Portland Estates stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average cost of GBX 360 ($4.52) per share, for a total transaction of £10,944 ($13,753.93). Over the last ninety days, insiders purchased 17,179 shares of company stock worth $5,241,246. Corporate insiders own 1.43% of the company’s stock.

Great Portland Estates Company Profile

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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.