Great Portland Estates Plc (LON:GPE) Insider Dan Nicholson Purchases 53 Shares

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

Great Portland Estates Price Performance

LON:GPE opened at GBX 289.20 ($3.59) on Friday. The company has a market cap of £1.17 billion, a P/E ratio of -286.34, a P/E/G ratio of 2.22 and a beta of 0.80. The firm’s fifty day moving average price is GBX 299.09 and its two-hundred day moving average price is GBX 329.20. Great Portland Estates Plc has a one year low of GBX 283.50 ($3.52) and a one year high of GBX 441 ($5.48). The company has a debt-to-equity ratio of 51.52, a current ratio of 0.26 and a quick ratio of 0.46.

Great Portland Estates Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 382 ($4.75) target price on shares of Great Portland Estates in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 405.50 ($5.04).

Great Portland Estates Company Profile

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.