The GPT Group (ASX:GPT) Insider Buys A$444,500.00 in Stock

The GPT Group (ASX:GPT) insider Russell Proutt acquired 100,000 shares of the stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of A$4.45 ($2.76) per share, with a total value of A$444,500.00 ($276,086.96).

Russell Proutt also recently made the following trade(s):

• On Monday, September 30th, Russell Proutt bought 50,000 shares of The GPT Group stock. The shares were acquired at an average price of A$5.05 ($3.14) per share, for a total transaction of A$252,500.00 ($156,832.30).
• On Friday, September 27th, Russell Proutt purchased 50,000 shares of The GPT Group stock. The stock was acquired at an average price of A$5.05 ($3.14) per share, with a total value of A$252,500.00 ($156,832.30).

The GPT Group Stock Performance

The company has a debt-to-equity ratio of 48.92, a quick ratio of 0.36 and a current ratio of 0.47.

The GPT Group Increases Dividend

The business also recently announced a Final dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 27th will be given a dividend of $0.12 per share. This is a positive change from The GPT Group’s previous Final dividend of $0.10. This represents a yield of 2.67%. The ex-dividend date is Sunday, December 29th. The GPT Group’s dividend payout ratio (DPR) is currently -100.00%.

The GPT Group Company Profile

GPT is a vertically integrated diversified property group that owns and actively manages a portfolio of high quality Australian retail, office and logistics assets, with assets under management of $32.4 billion. The Group utilises its real estate management platform to enhance returns through property development and funds management.