Great Portland Estates (OTCMKTS:GPEAF) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Great Portland Estates (OTCMKTS:GPEAF) from a buy rating to a hold rating in a research note published on Thursday morning, reports.

According to Zacks, “Great Portland Estates PLC provides property investment and development services. It operating business models includes Asset management, Investment management, Development management and Financial management. Asset management produces tailor made solutions to drive rental growth and minimize voids. Investment management buys and sells at the right point of portfolio returns. Development management upgrades their portfolio with targeted capital expenditure improves its tenant appeal, enhancing rental values and capital returns. Financial management provides security in its cyclical markets and firepower to buy when opportunities arise. Great Portland Estates PLC is headquartered in London, the United Kingdom. “

GPEAF opened at $8.09 on Thursday. The company’s 50 day moving average is $8.09 and its 200-day moving average is $8.13. Great Portland Estates has a 1-year low of $8.15 and a 1-year high of $9.37.

About Great Portland Estates

We are a FTSE 250 property investment and development company owning £2.8 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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