GPT Group (ASX:GPT) Shares Cross Above 200-Day Moving Average of $6.08

GPT Group (ASX:GPT) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.08 and traded as high as $6.17. GPT Group shares last traded at $6.16, with a volume of 3,126,518 shares changing hands.

The company has a debt-to-equity ratio of 29.61, a current ratio of 0.32 and a quick ratio of 0.26. The stock’s fifty day moving average is A$6.22 and its 200-day moving average is A$6.08. The stock has a market cap of $12.00 billion and a PE ratio of 10.37.

The company also recently disclosed a Interim dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were issued a $0.131 dividend. This represents a dividend yield of 2.07%. The ex-dividend date was Thursday, June 27th. GPT Group’s dividend payout ratio is currently 43.77%.

In other news, insider Angus McNaughton acquired 8,196 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average price of A$6.10 ($4.33) per share, with a total value of A$49,995.60 ($35,457.87).

About GPT Group (ASX:GPT)

The GPT Group is one of Australia's largest diversified property groups and a top 50 ASX listed company by market capitalisation. GPT owns and manages a $24 billion portfolio of offices, logistics, business parks and prime shopping centres across Australia. The Group has a substantial investor base with more than 32,000 shareholders.

Further Reading: What is dividend yield?

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