Peel Hunt reissued their hold rating on shares of Great Portland Estates (LON:GPOR) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also recently issued reports on GPOR. Morgan Stanley upped their target price on shares of Great Portland Estates from GBX 690 ($9.02) to GBX 700 ($9.15) and gave the company an underweight rating in a report on Wednesday, February 13th. Numis Securities reaffirmed a hold rating on shares of Great Portland Estates in a report on Thursday, May 16th. Berenberg Bank reaffirmed a sell rating and issued a GBX 600 ($7.84) target price on shares of Great Portland Estates in a report on Tuesday, April 2nd. Royal Bank of Canada started coverage on shares of Great Portland Estates in a report on Thursday, March 28th. They issued an underperform rating and a GBX 525 ($6.86) target price on the stock. Finally, Deutsche Bank reaffirmed a hold rating on shares of Great Portland Estates in a report on Tuesday, March 19th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Great Portland Estates presently has a consensus rating of Hold and an average target price of GBX 670.15 ($8.76).
Shares of GPOR stock opened at GBX 728.20 ($9.52) on Wednesday. The company has a current ratio of 2.89, a quick ratio of 2.61 and a debt-to-equity ratio of 14.14. The stock has a market capitalization of $1.97 billion and a PE ratio of 32.95. Great Portland Estates has a 52-week low of GBX 647.40 ($8.46) and a 52-week high of GBX 777.60 ($10.16).
The business also recently declared a dividend, which will be paid on Monday, July 8th. Investors of record on Thursday, May 30th will be paid a GBX 7.90 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a yield of 1.03%. This is a positive change from Great Portland Estates’s previous dividend of $4.30. Great Portland Estates’s dividend payout ratio is 0.54%.
Great Portland Estates Company Profile
We are a FTSE 250 property investment and development company owning £2.6 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.
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