Great Portland Estates (LON:GPE) Releases Earnings Results

Great Portland Estates (LON:GPE) issued its earnings results on Thursday. The company reported GBX 3.90 EPS for the quarter, Digital Look Earnings reports. The business had revenue of GBX 5,460 million during the quarter. Great Portland Estates had a net margin of 131.04% and a return on equity of 7.41%.

Great Portland Estates Stock Up 1.6%

Shares of LON GPE opened at GBX 330.40 on Thursday. The company has a market capitalization of £1.33 billion, a P/E ratio of 8.67, a P/E/G ratio of 2.22 and a beta of 0.91. The company has a debt-to-equity ratio of 41.28, a current ratio of 0.54 and a quick ratio of 0.46. The company has a 50 day simple moving average of GBX 312.34 and a 200-day simple moving average of GBX 318.98. Great Portland Estates has a 1 year low of GBX 270 and a 1 year high of GBX 377.

Insider Activity at Great Portland Estates

In related news, insider Toby Courtauld sold 29,288 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of GBX 314, for a total value of £91,964.32. Also, insider Dan Nicholson sold 16,037 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of GBX 314, for a total value of £50,356.18. Insiders purchased 194 shares of company stock valued at $59,744 over the last quarter. 1.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GPE. UBS Group reaffirmed a “sell” rating and set a GBX 315 price objective on shares of Great Portland Estates in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 450 price target on shares of Great Portland Estates in a report on Thursday, April 16th. Shore Capital Group reissued a “buy” rating on shares of Great Portland Estates in a research note on Friday, May 8th. The Goldman Sachs Group dropped their target price on Great Portland Estates from GBX 370 to GBX 340 and set a “neutral” rating for the company in a report on Monday, March 30th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 334 target price on shares of Great Portland Estates in a research note on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Great Portland Estates currently has a consensus rating of “Hold” and an average price target of GBX 388.22.

About Great Portland Estates

GPE is a FTSE 250 real estate investor and developer. GPE aims to deliver superior returns by unlocking the often hidden potential in commercial real estate in central London, creating high quality sustainable spaces for its customers and long-term value for its stakeholders.