Just upgraded to a BUY by Goldman Sachs.....

Broker recommendation full details Date: 2 June, 2009


Broker: Goldman Sachs Company: Great Portland Estates


Recommendation:
upgrade to Buy from neutral

InterMarket Stock's Rating:
Buy

Lovely uptrend channel with Great Portland GPOR.

SP more or less on the base line of the channel looking to head upwards.

Secondary indicators positive.

Target around 350p ish first stop........

Er, so how come the 24% fall today?
(Now 252p Mid, - but it was sub1 earlier this year)

I understand this is a "property play" -

+I would welcome further info, from holders...

GR PORTLAND looks interesting at the moment both very short term and medium term...

Lifted off ample a great set of analyst ratings for GPOR havent seen a land property company with such a good following for a while:

Great Portland Estates PLC

FORECASTS
2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

SG Securities [D]
30-12-09 HOLD 0.62 7.00 -20.83 8.00

KBC Peel Hunt Ltd
22-12-09 BUY 19.95 7.13 6.50 21.00 6.71 6.50

Oriel Securities
22-12-09 ADD 9.33 9.71

Evolution Securities Ltd
14-12-09 ADD 26.00 8.30 7.50 33.00 10.50 8.00

Singer Capital Markets Ltd
20-11-09 BUY 34.60 12.20 9.00 38.40 12.20 9.50

Arbuthnot Securities
13-10-09 NEUT 28.50 9.70 7.00 31.80 10.20 7.00

Nomura Research Institute
11-09-09 BUY

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 27.04 8.88 7.29 32.50 10.38 7.58

1 Month Change -4.89 -1.89 -0.21 0.04 0.02 -0.80
3 Month Change -1.33 -0.54 0.29 2.54 0.33 0.58

Notes to forecasts
Where confirmed by brokers, forecasts for REIT's include PID and non-PID dividends


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS -55.34% 148.36% 16.89%
DPS 4.80% -18.63% 3.98%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 31.60m m m

EBIT 31.20m m m

Dividend Yield 3.12% 2.54% 2.64%

Dividend Cover 0.40x 1.22x 1.37x

PER 80.30x 32.33x 27.66x

PEG -1.45f 0.22f 1.64f

Net Asset Value PS 234.51p 244.00p 290.50p

Investors Inteligence tipping this today

Great Portland Estates was one of the few property stocks to hit new 52-week highs yesterday. Technically, a break above 300p - an important resistance level, may set the stock up for a move to 400p (see right). Accumulate on a breakout.

Interesting read here from Reuters late yesterday, should help GPOR....

London office rents to surge in 2010 -report
05 Jan 2010 - 11:10

LONDON, Jan 5 (Reuters) -

Office rents in London are seen
surging in 2010, boosted by rising confidence among financial
tenants and tight supply, having fallen up to 40 percent in the
global financial crisis, a report said on Tuesday.

Property consultants King Sturge Prime is forecasting rents
in the City of London financial district to rise 10.5 percent to
47.50 pounds per square foot (psf) by end-2010. Rents in the
West End will hit 70 pounds psf, King Sturge said in its report.

The expected improvement in rents may ease investor fears
that the UK commercial property market's price rebound could be
short-lived due to continued tenant weakness. [ID:nGEE5BA03Z]

It comes as property firms such as Land Securities ,
British Land and Great Portland seek UK
acquisitions as they anticipate a recovery in the hard-hit
London market. [ID:nLG354795] [ID:nLB598314] [ID:nLB476419]

In the rest of the UK, where the peak-to-trough rental fall
has been milder at up to 10 percent, King Sturge predicts rents
to keep declining due to weak demand, although at a slower pace
than in 2009.

(Reporting by Daryl Loo; Editing by Andrew Macdonald)
((Reuters Messaging rm://daryl.loo.reuters.com@reuters.net; +44
(0) 20 7542 9667))

GPOR looks to be in fine fettle. Hot sector, recent broker upgrades, relative strength strong and solid results last time up.

On the chart looks a fine opportunity to get onboard the uptrend. On momentum just moved above 0 neutral and looking to hit the upper line or more and ride the uptrend from here.

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Broker flash.

GPOR Goldman: reiterated buy, tp reiterated 520

Nice chart GF.

I like the state of momentum oscilator skinny.

A raft of bullish news out for GPOR today.......



UPDATE 2-West End office values build up Great Portland NAV

21 Jul 2011 - 10:44BRIEF-Great Portland Estates JV sells London assets
21 Jul 2011 - 07:11BRIEF-Great Portland says West End offices lift valuations
21 Jul 2011 - 07:09REG Great Portland Ests.Capital & Counties Great Capital Partnership sells 79.1m of assets CAPCC.L GPOR.L21 Jul 2011 - 07:00REG Great Portland Ests. First quarter valuation and business update GPOR.L21 Jul 2011 - 07:00

StockMarketWire.com
Great Portland Estates' portfolio valuation rose by 3.1%, 5.2% and 8.2% over three, six and 12 months respectively.

And the group's has seen rental growth of 0.9% (1.3% West End offices, 0.4% West End retail) in its first quarter to the end of June.

Chief executive Toby Courtauld said: "Against a backdrop of global economic turbulence and increased central bank monetary stimulus, a significant quantity of capital from around the world continues to flow into the central London property market, resulting in yields reducing in the quarter for prime West End assets.

"With resilient tenant demand, minimal vacancy of Grade A space and constrained development supply, we expect further rental growth, particularly at our well-located, high quality buildings."

Went long here this morning on the positive RNS.....

StockMarketWire.com
Great Portland Estates reports a strong first half performance as it focuses on capturing the significant organic growth potential across its 100% central London portfolio.

The group delivered more organic growth in the period with the portfolio valuation up 8.9%2 since 31 March.

The group also reports:

- 12 month capital return of 21.9% outperforming IPD Central London Index of 20.7%, with total property return of 25.0% v 25.1% for IPD Central London; five year capital return of 109.3%, 21.5% ahead of IPD Central London

- Rental value growth of 3.6%2 (3.6% offices, 3.4% retail)

- Rent roll growth of 7.8% over six months

And it also reports excellent financial results:

· EPRA NAV per share of 636 pence, up 11.8% in period and 7.3% in Q2

· Net assets of £2,160.8 million (31 March 2014: £1,931.9 million)

· EPRA profit before tax of £21.0 million, up 16.0% on 2013. EPRA3 EPS of 5.9 pence, up 11.3%

· After revaluation surplus, reported profit before tax of £246.5 million (2013: £146.9 million)

· Interim dividend per share of 3.5 pence, up 2.9%

Chief executive Toby Courtauld said: "We are pleased to report a strong performance across the Group during the first half as we focus on capturing the significant organic growth potential across our 100% central London portfolio.

"London continues to consolidate its position as one of the world's most successful city economies: jobs are being created at the fastest rate in a generation across a range of industries; the Capital's businesses are investing for growth; and its appeal as an investment destination of choice continues unabated.

"Within this positive context, we look forward to a productive second half: we can expect strong leasing interest in both our committed development properties and our limited quantity of vacant space, in both cases at rates ahead of ERV's; we will crystallise further surpluses through our disciplined approach to capital recycling; and our plentiful, low-cost financing will enable us to deliver on our significant growth plans."