Great Portland Estates (LON:GPE) Hits New 1-Year Low – Should You Sell?

Shares of Great Portland Estates Plc (LON:GPE) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 288.19 ($3.63) and last traded at GBX 299.50 ($3.77), with a volume of 2554229 shares trading hands. The stock had previously closed at GBX 300 ($3.78).

Great Portland Estates Stock Performance

The company has a fifty day moving average price of GBX 337.17 and a two-hundred day moving average price of GBX 351.11. The company has a debt-to-equity ratio of 51.52, a current ratio of 0.26 and a quick ratio of 0.46. The company has a market capitalization of £1.21 billion, a P/E ratio of -294.55, a PEG ratio of 2.22 and a beta of 0.80.

Great Portland Estates Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, November 21st will be issued a dividend of GBX 2.90 ($0.04) per share. This represents a yield of 0.98%. The ex-dividend date of this dividend is Thursday, November 21st. Great Portland Estates’s payout ratio is -1,188.12%.

Insider Buying and Selling at Great Portland Estates

In other Great Portland Estates news, insider Nick Sanderson sold 7,288 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of GBX 348 ($4.39), for a total transaction of £25,362.24 ($31,962.50). Also, insider Dan Nicholson purchased 45 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was purchased at an average price of GBX 3,395 ($42.79) per share, for a total transaction of £1,527.75 ($1,925.33). In the last ninety days, insiders acquired 3,174 shares of company stock worth $1,277,021. 1.43% of the stock is currently owned by company insiders.

About Great Portland Estates

We are a FTSE 250 property investment and development company owning £2.5 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.