Gramercy Property Trust (GPT) Hits New 12-Month Low at $22.36

Gramercy Property Trust (NYSE:GPT)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $22.36 and last traded at $22.26, with a volume of 686357 shares. The stock had previously closed at $22.52.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. ValuEngine lowered shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. SunTrust Banks set a $28.00 price objective on shares of Gramercy Property Trust and gave the company a “hold” rating in a research report on Monday, January 22nd. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a research report on Wednesday, November 1st. One equities 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. Gramercy Property Trust currently has an average rating of “Hold” and a consensus price target of $30.75.

The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market capitalization of $3,520.00, a PE ratio of 50.88, a price-to-earnings-growth ratio of 1.51 and a beta of 0.45.

In related news, President Benjamin P. Harris sold 6,371 shares of Gramercy Property Trust stock in a transaction on 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 approximately $2,398,482.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.96% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Prime Capital Investment Advisors LLC purchased a new stake in shares of Gramercy Property Trust during the 4th quarter worth $116,000. Jane Street Group LLC purchased a new stake in shares of Gramercy Property Trust during the 3rd quarter worth $214,000. Zeke Capital Advisors LLC purchased a new stake in shares of Gramercy Property Trust during the 4th quarter worth $231,000. Neuberger Berman Group LLC purchased a new stake in shares of Gramercy Property Trust during the 3rd quarter worth $232,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Gramercy Property Trust during the 3rd quarter worth $251,000. Institutional investors own 91.01% 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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