Boston Partners Decreases Holdings in Gramercy Property Trust Inc. (GPT)

Boston Partners lessened its stake in shares of Gramercy Property Trust Inc. (NYSE:GPT) by 9.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 376,191 shares of the real estate investment trust’s stock after selling 38,663 shares during the quarter. Boston Partners owned approximately 0.23% of Gramercy Property Trust worth $8,174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Gramercy Property Trust by 7.8% during the fourth quarter. BlackRock Inc. now owns 14,397,948 shares of the real estate investment trust’s stock worth $383,849,000 after buying an additional 1,040,820 shares during the last quarter. Brookfield Asset Management Inc. grew its stake in shares of Gramercy Property Trust by 3.4% during the fourth quarter. Brookfield Asset Management Inc. now owns 4,172,980 shares of the real estate investment trust’s stock worth $111,252,000 after buying an additional 136,657 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Gramercy Property Trust by 2.1% during the first quarter. Wells Fargo & Company MN now owns 2,463,324 shares of the real estate investment trust’s stock worth $53,529,000 after buying an additional 50,646 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Gramercy Property Trust by 1.2% during the fourth quarter. Schroder Investment Management Group now owns 2,417,457 shares of the real estate investment trust’s stock worth $64,449,000 after buying an additional 29,067 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of Gramercy Property Trust by 10.8% during the fourth quarter. Macquarie Group Ltd. now owns 1,687,565 shares of the real estate investment trust’s stock worth $44,613,000 after buying an additional 165,059 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Gramercy Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 9th. DA Davidson cut shares of Gramercy Property Trust from a “buy” rating to a “neutral” rating in a research note on Monday, May 7th. Stifel Nicolaus lowered shares of Gramercy Property Trust from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a report on Tuesday, May 8th. Royal Bank of Canada set a $26.00 price target on shares of Gramercy Property Trust and gave the stock a “hold” rating in a report on Wednesday, March 7th. Finally, SunTrust Banks reiterated a “hold” rating and set a $23.00 price target on shares of Gramercy Property Trust in a report on Tuesday, April 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Gramercy Property Trust currently has an average rating of “Hold” and a consensus price target of $27.60.

Shares of Gramercy Property Trust opened at $27.50 on Wednesday, Marketbeat reports. The firm has a market cap of $4.42 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 1.95 and a beta of 0.55. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.73. Gramercy Property Trust Inc. has a 52 week low of $27.51 and a 52 week high of $27.53.

Gramercy Property Trust (NYSE:GPT) last issued its quarterly earnings results on Monday, April 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.34). The business had revenue of $149.50 million for the quarter, compared to analyst estimates of $124.29 million. Gramercy Property Trust had a return on equity of 3.42% and a net margin of 18.27%. Gramercy Property Trust’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. equities analysts anticipate that Gramercy Property Trust Inc. will post 2.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.45%. Gramercy Property Trust’s dividend payout ratio (DPR) is presently 73.17%.

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.

Institutional Ownership by Quarter for Gramercy Property Trust (NYSE:GPT)

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