Shares of Gramercy Property Trust (NYSE:GPT) have received a consensus rating of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $28.60.
A number of analysts have recently commented on GPT shares. Zacks Investment Research lowered shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. SunTrust Banks set a $28.00 price objective on shares of Gramercy Property Trust and gave the stock a “hold” rating in a research report on Monday, January 22nd. Royal Bank of Canada set a $26.00 price objective on shares of Gramercy Property Trust and gave the stock a “hold” rating in a research report on Wednesday, March 7th. ValuEngine lowered shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $25.00 price objective (down previously from $31.00) on shares of Gramercy Property Trust in a research report on Thursday, March 1st.
In related news, President Benjamin P. Harris sold 6,371 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $26.73, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this link. 1.36% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. increased its holdings in Gramercy Property Trust by 2.8% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 73,873 shares of the real estate investment trust’s stock worth $2,234,000 after buying an additional 2,008 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Gramercy Property Trust by 11.6% in the third quarter. Pacer Advisors Inc. now owns 20,000 shares of the real estate investment trust’s stock valued at $605,000 after purchasing an additional 2,075 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Gramercy Property Trust by 1.4% in the third quarter. Ameriprise Financial Inc. now owns 164,041 shares of the real estate investment trust’s stock valued at $4,967,000 after purchasing an additional 2,228 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Gramercy Property Trust by 19.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,537 shares of the real estate investment trust’s stock valued at $361,000 after purchasing an additional 2,236 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of Gramercy Property Trust by 8.4% in the fourth quarter. US Bancorp DE now owns 29,749 shares of the real estate investment trust’s stock valued at $793,000 after purchasing an additional 2,296 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.
Shares of Gramercy Property Trust (GPT) traded down $0.11 during mid-day trading on Friday, hitting $22.39. 275,252 shares of the stock were exchanged, compared to its average volume of 1,600,202. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market capitalization of $3,624.05, a price-to-earnings ratio of 43.90, a PEG ratio of 2.43 and a beta of 0.59. Gramercy Property Trust has a twelve month low of $21.12 and a twelve month high of $31.26.
Gramercy Property Trust (NYSE:GPT) last announced its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported $0.52 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.52. The business had revenue of $149.00 million for the quarter, compared to analyst estimates of $139.00 million. Gramercy Property Trust had a net margin of 15.64% and a return on equity of 2.93%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. equities analysts predict that Gramercy Property Trust will post 2.07 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a dividend of $0.375 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.50 dividend on an annualized basis and a yield of 6.70%. Gramercy Property Trust’s payout ratio is 294.12%.
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About Gramercy Property Trust
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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