Gramercy Property Trust (NYSE:GPT) has been given a consensus rating of “Hold” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Two research 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. The average 12 month price target among brokers that have issued a report on the stock in the last year is $31.25.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. ValuEngine raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. SunTrust Banks set a $30.00 price objective on shares of Gramercy Property Trust and gave the company a “hold” rating in a report on Tuesday, October 31st. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, November 1st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $31.00 price objective on shares of Gramercy Property Trust in a report on Tuesday, August 22nd.
Shares of Gramercy Property Trust (GPT) traded down $0.17 during mid-day trading on Friday, hitting $28.37. 706,182 shares of the company traded hands, compared to its average volume of 945,762. The company has a market cap of $4,570.00, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 1.99 and a beta of 0.54. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.76. Gramercy Property Trust has a 1-year low of $24.90 and a 1-year high of $31.26.
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). The company had revenue of $134.90 million for the quarter, compared to the consensus estimate of $135.45 million. Gramercy Property Trust had a return on equity of 2.60% and a net margin of 14.10%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. equities research analysts anticipate that Gramercy Property Trust will post 2.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Thursday, December 28th. Gramercy Property Trust’s dividend payout ratio is currently 348.84%.
In other Gramercy Property Trust news, President Benjamin P. Harris sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $30.50, for a total value of $274,500.00. Following the completion of the sale, the president now owns 96,101 shares of the company’s stock, valued at approximately $2,931,080.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.36% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of GPT. Penserra Capital Management LLC raised its position in shares of Gramercy Property Trust by 16.1% in the 2nd quarter. Penserra Capital Management LLC now owns 3,914 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 542 shares in the last quarter. Sii Investments Inc. WI acquired a new position in shares of Gramercy Property Trust in the 2nd quarter valued at approximately $208,000. Jane Street Group LLC acquired a new position in shares of Gramercy Property Trust in the 3rd quarter valued at approximately $214,000. Wittenberg Investment Management Inc. acquired a new position in shares of Gramercy Property Trust in the 2nd quarter valued at approximately $213,000. Finally, Cetera Investment Advisers acquired a new position in shares of Gramercy Property Trust in the 2nd quarter valued at approximately $215,000. 92.23% of the stock is owned by hedge funds and other institutional investors.
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Gramercy Property Trust Company Profile
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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