Great Portland Estates (LON:GPE) Announces Quarterly Earnings Results
by Teresa Graham · The Cerbat GemGreat Portland Estates (LON:GPE – Get Free Report) issued its quarterly earnings data on Friday. The company reported GBX 8.60 EPS for the quarter, Digital Look Earnings reports. Great Portland Estates had a net margin of 138.95% and a return on equity of 7.18%. The business had revenue of £117.90 million for the quarter.
Great Portland Estates Price Performance
Shares of Great Portland Estates stock traded up GBX 8.60 during mid-day trading on Friday, reaching GBX 316.80. 551,036 shares of the stock traded hands, compared to its average volume of 5,190,976. The stock has a market capitalization of £1.28 billion, a PE ratio of 8.68, a PEG ratio of 2.22 and a beta of 0.92. The business has a 50-day moving average of GBX 303.40 and a 200 day moving average of GBX 320.77. Great Portland Estates has a fifty-two week low of GBX 270 and a fifty-two week high of GBX 377. The company has a quick ratio of 0.46, a current ratio of 1.80 and a debt-to-equity ratio of 53.27.
Wall Street Analyst Weigh In
A number of research firms have weighed in on GPE. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 370 price objective on shares of Great Portland Estates in a report on Wednesday, April 15th. The Goldman Sachs Group lowered their target price on shares of Great Portland Estates from GBX 370 to GBX 340 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Shore Capital Group restated a “buy” rating on shares of Great Portland Estates in a research note on Friday, May 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 323 price target on shares of Great Portland Estates in a report on Thursday. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 377 price target on shares of Great Portland Estates in a research report on Thursday. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 388.89.
View Our Latest Analysis on Great Portland Estates
Insider Buying and Selling
In other news, insider Jayne Cottam acquired 32,330 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were bought at an average price of GBX 309 per share, for a total transaction of £99,899.70. Also, insider Peter Duffy bought 19,965 shares of the stock in a transaction on Monday, March 2nd. The shares were acquired at an average cost of GBX 343 per share, for a total transaction of £68,479.95. Insiders bought 52,428 shares of company stock worth $16,879,622 over the last ninety days. Corporate insiders own 1.53% of the company’s stock.
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.