Great Portland Estates (GPOR) Sets New 12-Month High at $718.60

Great Portland Estates PLC (LON:GPOR) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 718.60 ($9.57) and last traded at GBX 713.80 ($9.50), with a volume of 933503 shares traded. The stock had previously closed at GBX 709.90 ($9.45).

Several research firms have recently issued reports on GPOR. Credit Suisse Group lowered shares of Great Portland Estates to an “underperform” rating and dropped their price objective for the stock from GBX 710 ($9.45) to GBX 695 ($9.25) in a research report on Wednesday, June 6th. Citigroup increased their price objective on shares of Great Portland Estates from GBX 700 ($9.32) to GBX 735 ($9.79) and gave the stock a “neutral” rating in a research report on Wednesday, May 2nd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Great Portland Estates in a research report on Friday, June 8th. Peel Hunt reissued a “hold” rating and issued a GBX 650 ($8.65) price objective on shares of Great Portland Estates in a research report on Monday, April 23rd. Finally, Deutsche Bank increased their price objective on shares of Great Portland Estates from GBX 685 ($9.12) to GBX 720 ($9.59) and gave the stock a “hold” rating in a research report on Tuesday, May 29th. Five equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 670.21 ($8.92).

Great Portland Estates (LON:GPOR) last released its quarterly earnings results on Wednesday, May 23rd. The company reported GBX 20.40 ($0.27) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 19.70 ($0.26) by GBX 0.70 ($0.01). Great Portland Estates had a negative net margin of 118.76% and a negative return on equity of 5.49%.

The company also recently declared a dividend, which will be paid on Monday, July 9th. Investors of record on Thursday, May 31st will be issued a dividend of GBX 7.30 ($0.10) per share. This represents a yield of 1.11%. This is a positive change from Great Portland Estates’s previous dividend of $6.40. The ex-dividend date is Thursday, May 31st.

In other news, insider Nick Hampton purchased 2,500 shares of the stock in a transaction that occurred on Friday, June 8th. The stock was acquired at an average cost of GBX 699 ($9.31) per share, with a total value of £17,475 ($23,265.88). Over the last ninety days, insiders have purchased 2,543 shares of company stock valued at $1,777,361.

About Great Portland Estates

We are a FTSE 250 property investment and development company owning over £3.2 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 outperformance. We create in-demand spaces that people want to be part of; helping our occupiers, local communities and the city to thrive.

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