The GPT Group (OTCMKTS:GPTGF – Get Free Report)’s share price shot up 5.4% on Friday. The company traded as high as $3.31 and last traded at $3.31. Approximately 601 shares changed hands during trading, a decline of 30% from the average daily volume of 858 shares. The stock had previously closed at $3.14.
The GPT Group Price Performance
The firm has a fifty day moving average of $3.31 and a 200-day moving average of $3.36.
About The GPT Group
The GPT Group is an Australian property group and real estate investment trust with a diversified portfolio of retail, office and logistics properties. The group owns, develops and manages income-producing commercial real estate, with activities spanning property investment, development and asset management.
GPT’s retail business includes shopping centres, while its office and logistics operations focus on workplace and industrial properties in major Australian markets. Through its funds management platform, the company also manages property investment vehicles and provides real estate investment management services for institutional and other investors.
Established in 1971 as General Property Trust, The GPT Group has grown into one of Australia’s established diversified property owners.
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