Great Portland Estates (LON:GPOR) Reaches New 1-Year High at $768.00

Great Portland Estates Plc (LON:GPOR)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 768 ($10.03) and last traded at GBX 755 ($9.86), with a volume of 276686 shares. The stock had previously closed at GBX 751 ($9.81).

GPOR has been the subject of several research reports. Barclays lifted their price target on Great Portland Estates from GBX 560 ($7.32) to GBX 600 ($7.84) and gave the stock an “underweight” rating in a report on Friday, May 21st. Peel Hunt reissued a “reduce” rating and set a GBX 625 ($8.17) price target on shares of Great Portland Estates in a report on Wednesday, May 19th. Jefferies Financial Group reissued a “buy” rating and set a GBX 829 ($10.83) price target on shares of Great Portland Estates in a report on Wednesday, May 19th. Liberum Capital reissued a “hold” rating and set a GBX 700 ($9.15) price target on shares of Great Portland Estates in a report on Wednesday, May 12th. Finally, Peel Hunt reissued a “reduce” rating and set a GBX 625 ($8.17) price target on shares of Great Portland Estates in a report on Wednesday, May 19th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 679.88 ($8.88).

The company has a market capitalization of £1.90 billion and a PE ratio of -9.40. The company has a debt-to-equity ratio of 27.04, a current ratio of 0.56 and a quick ratio of 0.55. The business’s fifty day simple moving average is GBX 2,136.74.

The business also recently disclosed a dividend, which will be paid on Monday, July 12th. Shareholders of record on Thursday, May 27th will be issued a GBX 7.90 ($0.10) dividend. The ex-dividend date is Thursday, May 27th. This is a boost from Great Portland Estates’s previous dividend of $4.70. This represents a yield of 1.09%. Great Portland Estates’s payout ratio is currently -0.16%.

Great Portland Estates Company Profile (LON:GPOR)

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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