Narwhal Capital Management increased its holdings in Gramercy Property Trust (NYSE:GPT) by 31.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,025 shares of the real estate investment trust’s stock after acquiring an additional 18,450 shares during the quarter. Narwhal Capital Management’s holdings in Gramercy Property Trust were worth $2,080,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new position in shares of Gramercy Property Trust during the second quarter valued at about $2,258,000. Teachers Advisors LLC increased its holdings in Gramercy Property Trust by 12.8% in the 2nd quarter. Teachers Advisors LLC now owns 274,448 shares of the real estate investment trust’s stock worth $8,154,000 after buying an additional 31,129 shares during the period. TIAA CREF Investment Management LLC increased its holdings in Gramercy Property Trust by 16.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 470,268 shares of the real estate investment trust’s stock worth $13,972,000 after buying an additional 67,542 shares during the period. BlackRock Inc. increased its holdings in Gramercy Property Trust by 7.5% in the 2nd quarter. BlackRock Inc. now owns 13,137,418 shares of the real estate investment trust’s stock worth $390,312,000 after buying an additional 922,014 shares during the period. Finally, Amalgamated Bank increased its holdings in Gramercy Property Trust by 9.1% in the 2nd quarter. Amalgamated Bank now owns 19,239 shares of the real estate investment trust’s stock worth $572,000 after buying an additional 1,604 shares during the period. 92.03% of the stock is owned by institutional investors.
In related news, President Benjamin P. Harris sold 6,371 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $26.73, for a total transaction of $170,296.83. Following the completion of the transaction, the president now directly owns 89,730 shares in the company, valued at approximately $2,398,482.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.36% of the stock is currently owned by company insiders.
GPT has been the topic of several research reports. ValuEngine upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Gramercy Property Trust in a research report on Wednesday, November 1st. 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. Finally, Zacks Investment Research upgraded Gramercy Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $30.75.
Shares of Gramercy Property Trust (GPT) traded down $0.17 on Wednesday, hitting $22.83. The company’s stock had a trading volume of 1,453,586 shares, compared to its average volume of 1,394,516. Gramercy Property Trust has a twelve month low of $22.51 and a twelve month high of $31.26. The firm has a market cap of $3,640.00, a P/E ratio of 53.09, a PEG ratio of 1.56 and a beta of 0.45. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.76.
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Gramercy Property Trust 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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