Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Gramercy Property Trust (NYSE:GPT) by 19.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,537 shares of the real estate investment trust’s stock after buying an additional 2,236 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Gramercy Property Trust were worth $361,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Jane Street Group LLC bought a new stake in Gramercy Property Trust during the 3rd quarter valued at approximately $214,000. Cetera Investment Advisers bought a new stake in Gramercy Property Trust during the 2nd quarter valued at approximately $215,000. Neuberger Berman Group LLC bought a new stake in Gramercy Property Trust during the 3rd quarter valued at approximately $232,000. Janney Montgomery Scott LLC bought a new stake in Gramercy Property Trust during the 3rd quarter valued at approximately $251,000. Finally, Eqis Capital Management Inc. bought a new stake in Gramercy Property Trust during the 3rd quarter valued at approximately $267,000. 92.03% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on the company. ValuEngine downgraded Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Zacks Investment Research raised Gramercy Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. SunTrust Banks set a $28.00 target price on Gramercy Property Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. Finally, Ladenburg Thalmann Financial Services reissued 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 issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $30.75.
Gramercy Property Trust (NYSE GPT) opened at $22.94 on Friday. The firm has a market capitalization of $3,685.75, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 1.54 and a beta of 0.46. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.24 and a current ratio of 0.24. Gramercy Property Trust has a 1-year low of $22.51 and a 1-year high of $31.26.
In other Gramercy Property Trust news, President Benjamin P. Harris sold 6,371 shares of the firm’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 transaction of $170,296.83. Following the completion of the transaction, the president now owns 89,730 shares in the company, valued at approximately $2,398,482.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.96% of the company’s stock.
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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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