Gramercy Property Trust Inc. (NYSE:GPT) – Stock analysts at SunTrust Banks issued their Q2 2018 earnings per share estimates for Gramercy Property Trust in a research report issued to clients and investors on Tuesday, April 3rd. SunTrust Banks analyst K. Kim expects that the real estate investment trust will post earnings per share of $0.49 for the quarter. SunTrust Banks has a “Hold” rating and a $23.00 price target on the stock. SunTrust Banks also issued estimates for Gramercy Property Trust’s Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.50 EPS, Q1 2019 earnings at $0.49 EPS, Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.49 EPS and Q4 2019 earnings at $0.50 EPS.
A number of other analysts have also commented on GPT. Zacks Investment Research upgraded Gramercy Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine lowered Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Stifel Nicolaus restated a “buy” rating and issued a $25.00 target price (down from $31.00) on shares of Gramercy Property Trust in a research note on Thursday, March 1st. Finally, Royal Bank of Canada set a $26.00 target price on Gramercy Property Trust and gave the company a “hold” rating in a research note on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.60.
Shares of Gramercy Property Trust stock opened at $21.95 on Friday. The firm has a market cap of $3,527.58, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 2.40 and a beta of 0.56. Gramercy Property Trust has a 12 month low of $21.12 and a 12 month high of $31.26. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.21 and a current ratio of 0.21.
Gramercy Property Trust (NYSE:GPT) last issued its quarterly earnings results 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 return on equity of 2.93% and a net margin of 15.64%. Gramercy Property Trust’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.50 annualized dividend and a dividend yield of 6.83%. Gramercy Property Trust’s payout ratio is presently 73.17%.
Institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Gramercy Property Trust by 2.8% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 73,873 shares of the real estate investment trust’s stock valued at $2,234,000 after purchasing an additional 2,008 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Gramercy Property Trust by 1.4% during the 3rd 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 period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Gramercy Property Trust by 19.8% during the 4th 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 period. US Bancorp DE raised its stake in shares of Gramercy Property Trust by 8.4% during the 4th 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 period. Finally, Amalgamated Bank raised its stake in shares of Gramercy Property Trust by 13.9% during the 4th quarter. Amalgamated Bank now owns 21,521 shares of the real estate investment trust’s stock valued at $574,000 after purchasing an additional 2,620 shares during the period. Hedge funds and other institutional investors own 91.21% of the company’s stock.
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About Gramercy Property Trust
Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing high quality, income producing commercial real estate leased to high quality tenants in major markets in the United States and Europe.
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