Media stories about Gramercy Property Trust (NYSE:GPT) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gramercy Property Trust earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 47.7147800063544 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several equities research analysts have issued reports on the stock. SunTrust Banks set a $30.00 target price on shares of Gramercy Property Trust and gave the stock a “hold” rating in a research report on Tuesday, October 31st. ValuEngine raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research raised shares of Gramercy Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.75.
Shares of Gramercy Property Trust (NYSE:GPT) traded down $0.29 during midday trading on Wednesday, reaching $22.71. 506,127 shares of the company’s stock were exchanged, compared to its average volume of 1,364,084. Gramercy Property Trust has a 52 week low of $22.51 and a 52 week high of $31.26. 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 firm has a market cap of $3,640.00, a P/E ratio of 52.67, a price-to-earnings-growth ratio of 1.56 and a beta of 0.45.
In other Gramercy Property Trust news, President Benjamin P. Harris sold 6,371 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $26.73, for a total value of $170,296.83. Following the completion of the sale, the president now directly owns 89,730 shares of the company’s stock, valued at approximately $2,398,482.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.36% of the stock is currently owned by corporate insiders.
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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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