News coverage about Gramercy Property Trust (NYSE:GPT) has been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gramercy Property Trust earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.0793885035642 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
GPT has been the subject of several analyst reports. ValuEngine upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Thursday. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, November 1st. Stifel Nicolaus reiterated a “buy” rating and set a $31.00 price objective on shares of Gramercy Property Trust in a research note on Tuesday, August 22nd. BidaskClub upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, TheStreet cut shares of Gramercy Property Trust from a “b-” rating to a “c” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.25.
Gramercy Property Trust (NYSE:GPT) traded up $0.01 during trading on Friday, reaching $29.03. 596,100 shares of the company’s stock traded hands, compared to its average volume of 958,439. Gramercy Property Trust has a 52-week low of $24.30 and a 52-week high of $31.26. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $4,662.66, a PE ratio of 14.44, a price-to-earnings-growth ratio of 2.00 and a beta of 0.57.
Gramercy Property Trust (NYSE:GPT) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Gramercy Property Trust had a return on equity of 2.60% and a net margin of 14.10%. The firm had revenue of $134.90 million during the quarter, compared to analyst estimates of $135.45 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. equities research analysts anticipate that Gramercy Property Trust will post 2.08 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 5.17%. The ex-dividend date of this dividend is Thursday, December 28th. Gramercy Property Trust’s dividend payout ratio is currently 340.92%.
In other news, President Benjamin P. Harris sold 9,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $30.50, for a total value of $274,500.00. Following the sale, the president now owns 96,101 shares in the company, valued at $2,931,080.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.96% of the company’s stock.
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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.
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