Russell Proutt Acquires 100,000 Shares of The GPT Group (ASX:GPT) Stock

The GPT Group (ASX:GPT) insider Russell Proutt purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of A$4.45 ($2.78) per share, for a total transaction of A$444,500.00 ($277,812.50).

Russell Proutt also recently made the following trade(s):

• On Monday, September 30th, Russell Proutt bought 50,000 shares of The GPT Group stock. The shares were acquired at an average cost of A$5.05 ($3.16) per share, for a total transaction of A$252,500.00 ($157,812.50).
• On Friday, September 27th, Russell Proutt purchased 50,000 shares of The GPT Group stock. The stock was bought at an average cost of A$5.05 ($3.16) per share, with a total value of A$252,500.00 ($157,812.50).

The GPT Group Stock Performance

The company has a debt-to-equity ratio of 48.92, a current ratio of 0.47 and a quick ratio of 0.36.

The GPT Group Increases Dividend

The business also recently announced a Final dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.12 per share. This represents a yield of 2.67%. The ex-dividend date of this dividend is Sunday, December 29th. This is a positive change from The GPT Group’s previous Final dividend of $0.10. The GPT Group’s payout ratio is presently -100.00%.

The GPT Group Company Profile

GPT is a vertically integrated diversified property group that owns and actively manages a portfolio of high quality Australian retail, office and logistics assets, with assets under management of $32.4 billion. The Group utilises its real estate management platform to enhance returns through property development and funds management.