Great Portland Estates (LON:GPE) Hits New 52-Week Low – Time to Sell?

Great Portland Estates Plc (LON:GPE) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 263 ($3.25) and last traded at GBX 269.50 ($3.33), with a volume of 469677 shares. The stock had previously closed at GBX 269 ($3.32).

Analyst Upgrades and Downgrades

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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Great Portland Estates presently has a consensus rating of “Moderate Buy” and an average target price of GBX 405.50 ($5.01).

Great Portland Estates Stock Performance

The company has a market capitalization of £1.10 billion, a P/E ratio of -267.97, a PEG ratio of 2.22 and a beta of 0.80. The company has a debt-to-equity ratio of 51.52, a current ratio of 0.26 and a quick ratio of 0.46. The company has a fifty day moving average price of GBX 289.29 and a two-hundred day moving average price of GBX 323.58.

Great Portland Estates (LON:GPE) last released its quarterly earnings results on Thursday, November 14th. The company reported GBX 2.30 ($0.03) earnings per share for the quarter. Great Portland Estates had a negative return on equity of 17.58% and a negative net margin of 292.59%. Equities analysts forecast that Great Portland Estates Plc will post 6.1719457 earnings per share for the current fiscal year.

Great Portland Estates Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, November 21st were issued a GBX 2.90 ($0.04) dividend. 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 presently -1,188.12%.

Insider Activity at Great Portland Estates

In related news, insider Richard Stephen Mully bought 14,000 shares of Great Portland Estates stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of GBX 293 ($3.62) per share, for a total transaction of £41,020 ($50,667.00). Insiders have purchased 14,150 shares of company stock worth $4,147,063 over the last ninety days. Insiders own 1.43% of the company’s stock.

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.