Great Portland Estates (LON:GPOR) announced its quarterly earnings results on Wednesday. The company reported GBX 22 ($0.29) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 21.30 ($0.28) by GBX 0.70 ($0.01), Digital Look Earnings reports.
Shares of LON GPOR traded up GBX 6.80 ($0.09) during midday trading on Friday, hitting GBX 626.80 ($8.25). The company’s stock had a trading volume of 775,416 shares, compared to its average volume of 972,322. Great Portland Estates has a 12-month low of GBX 518.60 ($6.82) and a 12-month high of GBX 971.80 ($12.78). The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 16.98. The firm has a market cap of $1.57 billion and a P/E ratio of 27.68. The business’s 50 day moving average is GBX 673.26 and its two-hundred day moving average is GBX 800.44.
The firm also recently announced a dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Thursday, May 28th will be given a dividend of GBX 7.90 ($0.10) per share. This represents a dividend yield of 1.25%. The ex-dividend date is Thursday, May 28th. This is a positive change from Great Portland Estates’s previous dividend of $4.70. Great Portland Estates’s payout ratio is 58.04%.
In other Great Portland Estates news, insider Victoria Jarman acquired 2,708 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of GBX 734 ($9.66) per share, for a total transaction of £19,876.72 ($26,146.70).
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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