According to Bloomberg Ratings, the six rating agencies currently monitoring Great Portland Estates Plc (LON: GPE) have given the stock a “hold” recommendation, which is the same as saying that the company has a neutral outlook on the future. This represents the consensus rating for the company. The company currently holds five sell ratings, one hold rating, two buy recommendations, and one sell rating, as determined by the opinions of research analysts. In addition, most brokerage firms that have covered the stock in the preceding year have, on average, set their one-year price target at GBX 630 ($7.60), which indicates that they anticipate the stock will reach this price within the next year.
Over the past few years, we have witnessed an explosion in research organizations publishing studies on GPE. The company once again gave great Portland Estates shares a “sell” rating in a research note published on Friday, December 2. The company also established a price target of GBX 460 ($5.55) for the stock. In addition, the price objective for Great Portland Estates was reduced from GBX 670 ($8.09) to GBX 520 ($6.28), and the company was given an “underweight” rating in a research note that Barclays published on Thursday, November 24. The research note was released in conjunction with the Thanksgiving holiday.
On November 17, an insider of the company named Toby Courtauld sold 39,270 shares of company stock, which is relevant information given the recent events that have taken place. The total cost of the sale of the shares was calculated to be £209,309.10, equivalent to $252,605.72 in US currency. The price per share, on average, was GBX 533, which is equivalent to $6.43.
On Friday, LON GPE started trading at GBX 499.80 ($6.03). The current price-to-earnings ratio for the company is 7,140, and the business’s market capitalization is currently valued at £1.27 billion. The debt-to-equity ratio presently stands at 33.83, the quick ratio stands at 0.46, and the current ratio stands at 0.52. Within the past year, the price of Great Portland Estates has fluctuated between a low of GBP 388.18 ($4.68) and a high of GBP 748 ($9.03), and it is currently selling at the high end of that range. The stock’s simple moving average over the past fifty days is GBX 515.29; over the past 200 days, that figure is GBX 534.17.
In addition, the company declared a dividend, which was scheduled to be paid out on January 4 of this year. Therefore, as of Thursday, November 24, shareholders on record will be eligible to receive a $0.06 dividend payment (GBX 4.70) distributed on Friday, December 6. As a consequence of this, the yield is equal to 0.9%. On November 24, a decision will be made regarding whether or not this dividend will be distributed to shareholders. As a result, great Portland Estates has reached a payout ratio of 180.00%.
We are an FTSE 250 real estate development and investment corporation, and the properties in central London that we own are worth a combined total of £2.6 billion. To achieve long-term outperformance, we practice meticulous portfolio management and adapt our business practices to the ebb and flow of the London real estate market. This allows us to capitalize on opportunities as they arise. We create spaces that are in high demand and that people want to be a part of so that we can foster the personal development of the people who occupy our buildings, as well as the growth of the communities that are located nearby and the city as a whole.