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

Great Portland Estates Plc (LON:GPE) insider Dan Nicholson purchased 53 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was bought at an average cost of GBX 282 ($3.46) per share, with a total value of £149.46 ($183.63).

Dan Nicholson also recently made the following trade(s):

• On Tuesday, December 31st, Dan Nicholson purchased 53 shares of Great Portland Estates stock. The stock was bought at an average cost of GBX 287 ($3.53) per share, with a total value of £152.11 ($186.89).

Great Portland Estates Price Performance

Shares of GPE stock traded down GBX 7 ($0.09) during trading hours on Monday, hitting GBX 281.50 ($3.46). 639,994 shares of the company’s stock were exchanged, compared to its average volume of 1,267,839. 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 has a market cap of £1.14 billion, a P/E ratio of -278.71, a P/E/G ratio of 2.22 and a beta of 0.80. The firm has a 50 day moving average of GBX 286.71 and a two-hundred day moving average of GBX 320.09. Great Portland Estates Plc has a fifty-two week low of GBX 263 ($3.23) and a fifty-two week high of GBX 441 ($5.42).

Great Portland Estates (LON:GPE) last announced its 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%. Sell-side analysts forecast that Great Portland Estates Plc will post 6.1719457 EPS for the current year.

Great Portland Estates Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 382 ($4.69) price target on shares of Great Portland Estates in a report on Thursday, December 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 405.50 ($4.98).

About Great Portland Estates

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.