Great Portland Estates (LON:GPE) Hits New 12-Month Low – Here’s What Happened

Great Portland Estates Plc (LON:GPE)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 288.19 ($3.63) and last traded at GBX 299.50 ($3.77), with a volume of 2554229 shares changing hands. The stock had previously closed at GBX 300 ($3.78).

Great Portland Estates Stock Performance

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 337.17 and a 200 day moving average price of GBX 351.11. The stock has a market cap of £1.21 billion, a P/E ratio of -294.55, a P/E/G ratio of 2.22 and a beta of 0.80.

Great Portland Estates Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, November 21st will be paid a dividend of GBX 2.90 ($0.04) per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 0.98%. Great Portland Estates’s dividend payout ratio (DPR) is presently -1,188.12%.

Insider Buying and Selling at Great Portland Estates

In related news, insider Dan Nicholson acquired 3,040 shares of the company’s stock in a transaction on Friday, September 27th. The shares were acquired at an average cost of GBX 360 ($4.54) per share, for a total transaction of £10,944 ($13,792.06). Also, insider Nick Sanderson sold 7,288 shares of Great Portland Estates stock in a transaction on Monday, September 9th. The stock was sold at an average price of GBX 348 ($4.39), for a total transaction of £25,362.24 ($31,962.50). Over the last three months, insiders have acquired 3,174 shares of company stock valued at $1,277,021. Corporate insiders own 1.43% of the company’s stock.

About Great Portland Estates

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.