Great Portland Estates Plc (LON:GPE) Insider Toby Courtauld Buys 26 Shares

Great Portland Estates Plc (LON:GPEGet Rating) insider Toby Courtauld acquired 26 shares of Great Portland Estates stock in a transaction dated Thursday, June 30th. The shares were purchased at an average price of GBX 589 ($7.23) per share, for a total transaction of £153.14 ($187.88).

GPE stock traded down GBX 0.50 ($0.01) during midday trading on Friday, hitting GBX 572.50 ($7.02). The company had a trading volume of 228,353 shares, compared to its average volume of 339,340. The company has a current ratio of 0.38, a quick ratio of 0.37 and a debt-to-equity ratio of 27.91. Great Portland Estates Plc has a 52 week low of GBX 562 ($6.89) and a 52 week high of GBX 748 ($9.18). The firm has a 50 day moving average price of GBX 650.19. The company has a market capitalization of £1.45 billion and a PE ratio of 893.18.

The company also recently announced a dividend, which will be paid on Monday, July 11th. Investors of record on Thursday, May 26th will be paid a GBX 7.90 ($0.10) dividend. This represents a dividend yield of 1.17%. The ex-dividend date is Thursday, May 26th. Great Portland Estates’s payout ratio is 19.09%.

GPE has been the subject of several research reports. Barclays reaffirmed an “overweight” rating and issued a GBX 700 ($8.59) target price on shares of Great Portland Estates in a research note on Monday, May 30th. Citigroup reaffirmed a “neutral” rating on shares of Great Portland Estates in a research note on Monday, March 14th. JPMorgan Chase & Co. upgraded shares of Great Portland Estates to an “overweight” rating and lifted their target price for the stock from GBX 780 ($9.57) to GBX 900 ($11.04) in a research report on Wednesday, April 13th. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a GBX 600 ($7.36) price target on shares of Great Portland Estates in a research note on Friday, May 13th.

Great Portland Estates Company Profile (Get Rating)

We are a FTSE 250 property investment and development company owning £2.6 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.

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