Great Portland Estates (LON:GPE) Issues Earnings Results

Great Portland Estates (LON:GPEGet Free Report) posted its quarterly earnings results on Friday. The company reported GBX 8.60 EPS for the quarter, Digital Look Earnings reports. Great Portland Estates had a net margin of 131.04% and a return on equity of 7.41%. The company had revenue of £117.90 million during the quarter.

Great Portland Estates Trading Up 1.6%

Shares of LON GPE opened at GBX 313.20 on Friday. Great Portland Estates has a 12 month low of GBX 270 and a 12 month high of GBX 377. The firm has a market capitalization of £1.26 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 2.22 and a beta of 0.92. The firm has a fifty day simple moving average of GBX 303.45 and a two-hundred day simple moving average of GBX 320.72.

Insider Buying and Selling at Great Portland Estates

In related news, insider Peter Duffy acquired 19,965 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was acquired at an average cost of GBX 343 per share, for a total transaction of £68,479.95. Also, insider Jayne Cottam acquired 32,330 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was bought at an average price of GBX 309 per share, with a total value of £99,899.70. Insiders acquired a total of 52,428 shares of company stock valued at $16,879,622 over the last 90 days. Company insiders own 1.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. UBS Group reiterated a “sell” rating and set a GBX 315 price target on shares of Great Portland Estates in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 450 price target on shares of Great Portland Estates in a report on Thursday, April 16th. Stifel Nicolaus reiterated a “hold” rating and set a GBX 370 price target on shares of Great Portland Estates in a report on Wednesday, April 15th. Berenberg Bank reiterated a “hold” rating and set a GBX 377 price target on shares of Great Portland Estates in a report on Thursday. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 323 price target on shares of Great Portland Estates in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Great Portland Estates has a consensus rating of “Hold” and a consensus price target of GBX 388.89.

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About Great Portland Estates

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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.

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