Zacks Investment Research cut shares of Great Portland Estates (OTCMKTS:GPEAF) from a buy rating to a hold rating in a report published on Thursday morning, Zacks.com reports.

According to Zacks, “Great Portland Estates PLC provides property investment and development services. It operating business models includes Asset management, Investment management, Development management and Financial management. Asset management produces tailor made solutions to drive rental growth and minimize voids. Investment management buys and sells at the right point of portfolio returns. Development management upgrades their portfolio with targeted capital expenditure improves its tenant appeal, enhancing rental values and capital returns. Financial management provides security in its cyclical markets and firepower to buy when opportunities arise. Great Portland Estates PLC is headquartered in London, the United Kingdom. “

OTCMKTS GPEAF opened at $8.09 on Thursday. The firm’s fifty day moving average price is $8.09 and its two-hundred day moving average price is $8.13. Great Portland Estates has a 1 year low of $8.15 and a 1 year high of $9.37.

Great Portland Estates Company Profile

We are a FTSE 250 property investment and development company owning £2.8 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.

Featured Story: How much money do you need to begin day trading?

Get a free copy of the Zacks research report on Great Portland Estates (GPEAF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Great Portland Estates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Portland Estates and related companies with MarketBeat.com's FREE daily email newsletter.