Media headlines about Gramercy Property Trust (NYSE:GPT) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gramercy Property Trust earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.7609505284484 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Gramercy Property Trust (NYSE GPT) opened at $26.07 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $4,190.00, a P/E ratio of 60.63, a price-to-earnings-growth ratio of 1.79 and a beta of 0.54. Gramercy Property Trust has a twelve month low of $25.21 and a twelve month high of $31.26.
Gramercy Property Trust (NYSE:GPT) last posted its quarterly 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 firm had revenue of $134.90 million during the quarter, compared to analyst estimates of $135.45 million. Gramercy Property Trust had a net margin of 14.10% and a return on equity of 2.60%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. equities research analysts expect that Gramercy Property Trust will post 2.05 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a $0.375 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.50 annualized dividend and a yield of 5.75%. Gramercy Property Trust’s dividend payout ratio (DPR) is 348.84%.
Several equities analysts recently weighed in on GPT shares. Zacks Investment Research cut Gramercy Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. ValuEngine raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gramercy Property Trust in a research report on Wednesday, November 1st. Finally, SunTrust Banks set a $30.00 price objective on Gramercy Property Trust and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $31.25.
In other Gramercy Property Trust news, President Benjamin P. Harris sold 6,371 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $26.73, for a total value of $170,296.83. Following the completion of the transaction, the president now owns 89,730 shares of the company’s stock, valued at approximately $2,398,482.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.36% 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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