Great Portland Estates (LON:GPE) Releases Quarterly Earnings Results

Great Portland Estates (LON:GPE) released 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 return on equity of 7.41% and a net margin of 131.04%.The business had revenue of £117.90 million for the quarter.

Great Portland Estates Stock Up 1.6%

Shares of LON GPE opened at GBX 313.20 on Friday. The stock’s 50 day moving average price is GBX 303.45 and its two-hundred day moving average price is GBX 320.72. Great Portland Estates has a 52-week low of GBX 270 and a 52-week high of GBX 377. The stock has a market capitalization of £1.26 billion, a P/E ratio of 8.58, a PEG ratio of 2.22 and a beta of 0.92.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Berenberg Bank reiterated a “hold” rating and issued a GBX 377 price target on shares of Great Portland Estates in a research note on Thursday. The Goldman Sachs Group decreased their price objective on shares of Great Portland Estates from GBX 370 to GBX 340 and set a “neutral” rating for the company in a report on Monday, March 30th. Jefferies Financial Group reissued a “hold” rating and set a GBX 323 price objective on shares of Great Portland Estates in a report on Thursday. Stifel Nicolaus reissued a “hold” rating and set a GBX 370 price objective on shares of Great Portland Estates in a report on Wednesday, April 15th. Finally, UBS Group reissued a “sell” rating and set a GBX 315 price objective on shares of Great Portland Estates in a report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 388.89.

Insider Activity at Great Portland Estates

In other news, insider Jayne Cottam acquired 32,330 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were purchased at an average price of GBX 309 per share, for a total transaction of £99,899.70. Also, insider Peter Duffy acquired 19,965 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were purchased at an average price of GBX 343 per share, for a total transaction of £68,479.95. Insiders have acquired 52,428 shares of company stock worth $16,879,622 in the last 90 days. 1.53% of the stock is currently owned by insiders.

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.