Great Portland Estates (LON:GPE) Posts Quarterly Earnings Results

Great Portland Estates (LON:GPE) released its quarterly earnings data on Thursday. The company reported GBX 3.90 earnings per share for the quarter, Digital Look Earnings reports. Great Portland Estates had a net margin of 131.04% and a return on equity of 7.41%. The firm had revenue of GBX 5,460 million for the quarter.

Great Portland Estates Price Performance

Shares of LON GPE opened at GBX 330.40 on Thursday. The firm has a market cap of £1.33 billion, a PE ratio of 8.67, a PEG ratio of 2.22 and a beta of 0.91. The firm has a fifty day moving average of GBX 312.34 and a 200 day moving average of GBX 318.98. The company has a debt-to-equity ratio of 41.28, a quick ratio of 0.46 and a current ratio of 0.54. Great Portland Estates has a one year low of GBX 270 and a one year high of GBX 377.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 334 price target on shares of Great Portland Estates in a report on Friday, May 29th. Shore Capital Group reissued a “buy” rating on shares of Great Portland Estates in a report 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 on the stock in a report on Monday, March 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 450 price target on shares of Great Portland Estates in a research report on Thursday, April 16th. Finally, 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. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 388.22.

Insider Buying and Selling at Great Portland Estates

In other news, insider Dan Nicholson sold 16,037 shares of Great Portland Estates stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of GBX 314, for a total value of £50,356.18. Also, insider Toby Courtauld sold 29,288 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of GBX 314, for a total transaction of £91,964.32. Over the last ninety days, insiders have acquired 194 shares of company stock worth $59,744. Insiders own 1.54% 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.