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

Great Portland Estates (LON:GPE) released its earnings results on Friday. The company reported GBX 8.60 earnings per share for the quarter, Digital Look Earnings reports. Great Portland Estates had a return on equity of 7.18% and a net margin of 138.95%.The firm had revenue of £117.90 million for the quarter.

Great Portland Estates Trading Up 2.8%

Shares of GPE stock opened at GBX 316.80 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.80 and a debt-to-equity ratio of 53.27. Great Portland Estates has a fifty-two week low of GBX 270 and a fifty-two week high of GBX 377. The firm’s 50 day moving average price is GBX 303.40 and its two-hundred day moving average price is GBX 320.77. The stock has a market cap of £1.28 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 2.22 and a beta of 0.92.

Insider Buying and Selling at Great Portland Estates

In other Great Portland Estates news, insider Jayne Cottam bought 32,330 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average price of GBX 309 per share, with a total value of £99,899.70. Also, insider Peter Duffy purchased 19,965 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were acquired at an average cost of GBX 343 per share, with a total value of £68,479.95. Insiders bought 52,428 shares of company stock valued at $16,879,622 in the last three months. Company insiders own 1.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on GPE. Shore Capital Group restated a “buy” rating on shares of Great Portland Estates in a report on Friday, May 8th. Stifel Nicolaus reissued a “hold” rating and issued a GBX 370 target price on shares of Great Portland Estates in a research report on Wednesday, April 15th. Jefferies Financial Group restated a “hold” rating and issued a GBX 323 target price on shares of Great Portland Estates in a report on Thursday. The Goldman Sachs Group cut their price target 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. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 377 price target on shares of Great Portland Estates in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 388.89.

Great Portland Estates Company Profile

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.