Great Portland Estates PLC (OTCMKTS:GPEAF – Get Free Report) was the target of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 1,098,776 shares, a decrease of 60.5% from the January 29th total of 2,784,935 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 34 shares, the days-to-cover ratio is presently 32,316.9 days. Based on an average daily volume of 34 shares, the days-to-cover ratio is presently 32,316.9 days. Currently, 0.4% of the company’s shares are short sold.
Great Portland Estates Price Performance
Shares of Great Portland Estates stock remained flat at $4.63 on Friday. Great Portland Estates has a 12 month low of $3.64 and a 12 month high of $5.23. The company’s fifty day moving average is $4.44 and its two-hundred day moving average is $4.36.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group downgraded shares of Great Portland Estates from a “buy” rating to a “hold” rating in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Great Portland Estates Company Profile
Great Portland Estates plc is a London-based real estate investment trust (REIT) specialising in the acquisition, development and management of commercial property in central London. The company focuses on office space, retail premises and mixed-use residential schemes, targeting prime locations across the West End, the City and Midtown. Its core activities include asset repositioning through refurbishment and redevelopment, proactive leasing and tenant relationship management, and selective disposals to optimise portfolio value.
The firm’s investment strategy centres on identifying underutilised or outdated properties and unlocking value through strategic redevelopment.
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