GPT Group (ASX:GPT) Stock Crosses Above Two Hundred Day Moving Average of $6.06

GPT Group (ASX:GPT)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.06 and traded as high as $6.24. GPT Group shares last traded at $6.14, with a volume of 3,309,259 shares trading hands.

The company has a debt-to-equity ratio of 29.61, a current ratio of 0.32 and a quick ratio of 0.26. The firm has a market cap of $11.96 billion and a price-to-earnings ratio of 10.34. The company has a fifty day moving average price of A$6.23 and a two-hundred day moving average price of A$6.06.

The company also recently disclosed a Interim dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 30th will be issued a $0.131 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a dividend yield of 2.07%. GPT Group’s dividend payout ratio (DPR) is 43.77%.

In related news, insider Robert (Bob) Johnston 585,864 shares of the company’s stock in a transaction on Friday, May 24th. Also, insider Angus McNaughton bought 8,196 shares of GPT Group stock in a transaction dated Tuesday, August 13th. The shares were bought at an average cost of A$6.10 ($4.33) per share, with a total value of A$49,995.60 ($35,457.87).

About GPT Group (ASX:GPT)

The GPT Group is one of Australia's largest diversified property groups and a top 50 ASX listed company by market capitalisation. GPT owns and manages a $24 billion portfolio of offices, logistics, business parks and prime shopping centres across Australia. The Group has a substantial investor base with more than 32,000 shareholders.

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