Loeb Partners Corp Lowers Stake in Gramercy Property Trust (GPT)

Loeb Partners Corp reduced its holdings in shares of Gramercy Property Trust (NYSE:GPT) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,034 shares of the real estate investment trust’s stock after selling 2,299 shares during the quarter. Gramercy Property Trust accounts for about 1.2% of Loeb Partners Corp’s holdings, making the stock its 27th biggest position. Loeb Partners Corp owned approximately 0.09% of Gramercy Property Trust worth $4,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cohen & Steers Inc. grew its holdings in shares of Gramercy Property Trust by 1.3% during the third quarter. Cohen & Steers Inc. now owns 7,719,083 shares of the real estate investment trust’s stock valued at $233,502,000 after buying an additional 97,875 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Gramercy Property Trust by 10.8% during the third quarter. JPMorgan Chase & Co. now owns 5,281,060 shares of the real estate investment trust’s stock worth $158,642,000 after purchasing an additional 516,517 shares during the last quarter. Brookfield Asset Management Inc. boosted its holdings in Gramercy Property Trust by 38.7% during the second quarter. Brookfield Asset Management Inc. now owns 4,866,358 shares of the real estate investment trust’s stock worth $144,579,000 after purchasing an additional 1,357,618 shares during the last quarter. State Street Corp boosted its holdings in Gramercy Property Trust by 9.4% during the second quarter. State Street Corp now owns 3,895,312 shares of the real estate investment trust’s stock worth $115,732,000 after purchasing an additional 334,865 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Gramercy Property Trust by 1.2% during the third quarter. Principal Financial Group Inc. now owns 3,582,234 shares of the real estate investment trust’s stock worth $108,362,000 after purchasing an additional 42,792 shares during the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.

In other Gramercy Property Trust news, President Benjamin P. Harris sold 6,371 shares of the business’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 transaction, the president now directly owns 89,730 shares in the company, valued at $2,398,482.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.36% of the stock is owned by insiders.

Gramercy Property Trust (NYSE:GPT) traded down $0.20 on Wednesday, reaching $22.80. 686,747 shares of the company’s stock were exchanged, compared to its average volume of 1,365,657. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $3,640.00, a PE ratio of 53.14, a price-to-earnings-growth ratio of 1.56 and a beta of 0.45. Gramercy Property Trust has a 52-week low of $22.51 and a 52-week high of $31.26.

GPT has been the topic of several analyst 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 report on Wednesday, November 1st. SunTrust Banks set a $30.00 price target on shares of Gramercy Property Trust and gave the stock a “hold” rating in a report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded shares of Gramercy Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $30.75.

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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.

Institutional Ownership by Quarter for Gramercy Property Trust (NYSE:GPT)

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