26,800 Shares in Gramercy Property Trust (GPT) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in shares of Gramercy Property Trust (NYSE:GPT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 26,800 shares of the real estate investment trust’s stock, valued at approximately $811,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Suntrust Banks Inc. boosted its position in shares of Gramercy Property Trust by 0.3% during the second quarter. Suntrust Banks Inc. now owns 26,766 shares of the real estate investment trust’s stock worth $794,000 after buying an additional 80 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Gramercy Property Trust by 0.4% during the first quarter. Public Employees Retirement System of Ohio now owns 58,547 shares of the real estate investment trust’s stock worth $1,540,000 after buying an additional 209 shares during the period. Advisor Group Inc. boosted its position in shares of Gramercy Property Trust by 1.5% during the second quarter. Advisor Group Inc. now owns 20,752 shares of the real estate investment trust’s stock worth $506,000 after buying an additional 315 shares during the period. Penserra Capital Management LLC boosted its position in shares of Gramercy Property Trust by 16.1% during the second quarter. Penserra Capital Management LLC now owns 3,914 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 542 shares during the period. Finally, People s United Financial Inc. boosted its position in shares of Gramercy Property Trust by 1.9% during the second quarter. People s United Financial Inc. now owns 36,657 shares of the real estate investment trust’s stock worth $1,089,000 after buying an additional 698 shares during the period. Institutional investors and hedge funds own 87.21% of the company’s stock.

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In other Gramercy Property Trust news, President Benjamin P. Harris sold 9,000 shares of Gramercy Property Trust stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $30.50, for a total transaction of $274,500.00. Following the completion of the sale, the president now directly owns 96,101 shares of the company’s stock, valued at approximately $2,931,080.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is owned by insiders.

Gramercy Property Trust (NYSE:GPT) traded up $0.01 during trading hours on Friday, reaching $29.03. The company had a trading volume of 596,100 shares, compared to its average volume of 958,439. The stock has a market capitalization of $4,662.66, a price-to-earnings ratio of 14.44, a PEG ratio of 2.00 and a beta of 0.57. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.24 and a current ratio of 0.24. Gramercy Property Trust has a 52-week low of $24.30 and a 52-week high of $31.26.

Gramercy Property Trust (NYSE:GPT) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The business had revenue of $134.90 million for the quarter, compared to analysts’ expectations of $135.45 million. Gramercy Property Trust had a return on equity of 2.60% and a net margin of 14.10%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.16 earnings per share. equities analysts anticipate that Gramercy Property Trust will post 2.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date is Thursday, December 28th. Gramercy Property Trust’s dividend payout ratio (DPR) is 340.92%.

GPT has been the subject of several research analyst reports. SunTrust Banks, Inc. set a $30.00 price target on Gramercy Property Trust and gave the stock a “hold” rating in a research report on Tuesday, October 31st. ValuEngine upgraded Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research lowered Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. BidaskClub upgraded Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, TheStreet lowered Gramercy Property Trust from a “b-” rating to a “c” rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Gramercy Property Trust presently has an average rating of “Hold” and a consensus target price of $31.25.

About Gramercy Property Trust

Gramercy Property Trust is a real estate investment trust (REIT), which is an investor and asset manager of commercial real estate. The Company’s operating segments include Investments/Corporate and Asset Management. The Investments/Corporate segment includes all of its activities related to the investment and ownership of commercial properties located throughout the United States and Europe.

Institutional Ownership by Quarter for Gramercy Property Trust (NYSE:GPT)

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