Great Portland Estates (LON:GPE) Announces Earnings Results

Great Portland Estates (LON:GPE) released its quarterly earnings data on Thursday. The company reported GBX 3.90 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The company had revenue of GBX 5,460 million during the quarter. Great Portland Estates had a net margin of 131.04% and a return on equity of 7.41%.

Great Portland Estates Price Performance

Shares of LON:GPE opened at GBX 330 on Thursday. Great Portland Estates has a one year low of GBX 270 and a one year high of GBX 377. The stock has a market capitalization of £1.33 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 2.22 and a beta of 0.91. The company has a 50-day simple moving average of GBX 312.34 and a 200-day simple moving average of GBX 318.98. The company has a debt-to-equity ratio of 41.28, a quick ratio of 0.46 and a current ratio of 0.54.

Insider Transactions at Great Portland Estates

In related news, insider Dan Nicholson sold 16,037 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of GBX 314, for a total value of £50,356.18. Also, insider Toby Courtauld sold 29,288 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of GBX 314, for a total value of £91,964.32. In the last three months, insiders have purchased 194 shares of company stock worth $59,744. Corporate insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on GPE. Berenberg Bank reduced their target price on Great Portland Estates from GBX 377 to GBX 360 and set a “hold” rating for the company in a report on Monday. Shore Capital Group restated a “buy” rating on shares of Great Portland Estates in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 450 price target on shares of Great Portland Estates in a research report on Thursday, April 16th. The Goldman Sachs Group reduced their price objective on Great Portland Estates from GBX 370 to GBX 340 and set a “neutral” rating for the company in a research note on Monday, March 30th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a GBX 370 price objective on shares of Great Portland Estates in a report on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Great Portland Estates currently has a consensus rating of “Hold” and a consensus price target of GBX 388.22.

About Great Portland Estates

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.