Great Portland Estates (LON:GPE) Rating Reiterated by Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of Great Portland Estates (LON:GPE) in a report published on Thursday morning, Marketbeat.com reports. Jefferies Financial Group currently has a GBX 300 ($3.82) price target on the stock.

GPE has been the topic of a number of other reports. Shore Capital reissued a hold rating on shares of Great Portland Estates in a report on Thursday, April 11th. Numis Securities reaffirmed an add rating and set a GBX 500 ($6.37) target price on shares of Great Portland Estates in a research note on Thursday, April 11th.

Great Portland Estates Price Performance

Shares of GPE opened at GBX 339.50 ($4.32) on Thursday. The firm has a market capitalization of £1.38 billion, a price-to-earnings ratio of -323.33, a price-to-earnings-growth ratio of 2.22 and a beta of 0.78. The company has a debt-to-equity ratio of 51.52, a quick ratio of 0.46 and a current ratio of 0.26. Great Portland Estates has a one year low of GBX 328.50 ($4.18) and a one year high of GBX 466.20 ($5.94). The stock’s fifty day moving average is GBX 384.70 and its 200-day moving average is GBX 391.98.

Great Portland Estates Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, July 8th. Investors of record on Thursday, May 30th will be paid a dividend of GBX 7.90 ($0.10) per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a yield of 1.87%. This is a boost from Great Portland Estates’s previous dividend of $4.70. Great Portland Estates’s dividend payout ratio (DPR) is currently -1,238.10%.

Insider Activity at Great Portland Estates

In related news, insider Mark Anderson purchased 4,900 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was acquired at an average price of GBX 349 ($4.44) per share, for a total transaction of £17,101 ($21,776.39). In other Great Portland Estates news, insider Nick Sanderson sold 4,266 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of GBX 354 ($4.51), for a total transaction of £15,101.64 ($19,230.41). Also, insider Mark Anderson acquired 4,900 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were acquired at an average price of GBX 349 ($4.44) per share, with a total value of £17,101 ($21,776.39). Insiders purchased 4,980 shares of company stock worth $1,740,260 in the last quarter. 1.65% of the stock is owned by company insiders.

Great Portland Estates Company Profile

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.