Schroder Investment Management Group increased its position in Gramercy Property Trust (NYSE:GPT) by 1.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,417,457 shares of the real estate investment trust’s stock after acquiring an additional 29,067 shares during the quarter. Schroder Investment Management Group’s holdings in Gramercy Property Trust were worth $64,449,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc increased its holdings in Gramercy Property Trust by 12.5% in the 3rd quarter. Legal & General Group Plc now owns 444,235 shares of the real estate investment trust’s stock worth $13,437,000 after acquiring an additional 49,192 shares during the last quarter. Real Estate Management Services LLC purchased a new stake in Gramercy Property Trust in the 4th quarter worth about $2,741,000. Csenge Advisory Group purchased a new stake in Gramercy Property Trust in the 3rd quarter worth about $307,000. Principal Financial Group Inc. increased its holdings in Gramercy Property Trust by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 3,582,234 shares of the real estate investment trust’s stock worth $108,362,000 after acquiring an additional 42,792 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Gramercy Property Trust by 1.3% in the 3rd quarter. Wells Fargo & Company MN now owns 2,361,260 shares of the real estate investment trust’s stock worth $71,429,000 after acquiring an additional 29,440 shares during the last quarter. 91.01% of the stock is owned by institutional investors.
Gramercy Property Trust (NYSE GPT) opened at $22.94 on Tuesday. 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 firm has a market capitalization of $3,685.74, a PE ratio of 52.14, a price-to-earnings-growth ratio of 1.54 and a beta of 0.45. Gramercy Property Trust has a twelve month low of $22.51 and a twelve month high of $31.26.
Several equities research analysts recently weighed in on the company. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, November 1st. SunTrust Banks set a $30.00 target price on Gramercy Property Trust and gave the company a “hold” rating in a report on Tuesday, October 31st. Zacks Investment Research lowered Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, ValuEngine raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $30.75.
In other Gramercy Property Trust news, President Benjamin P. Harris sold 6,371 shares of Gramercy Property Trust 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 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 Securities & Exchange Commission, which can be accessed through this link. 1.36% of the stock is owned by 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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