Ladenburg Thalmann Financial Services Inc. Purchases 2,405 Shares of Gramercy Property Trust (GPT)

Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Gramercy Property Trust (NYSE:GPT) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,122 shares of the real estate investment trust’s stock after buying an additional 2,405 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Gramercy Property Trust were worth $1,542,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Gramercy Property Trust by 0.3% during the 1st quarter. BlackRock Inc. now owns 14,439,809 shares of the real estate investment trust’s stock worth $313,778,000 after buying an additional 41,861 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Gramercy Property Trust by 37.9% during the 1st quarter. Principal Financial Group Inc. now owns 5,969,108 shares of the real estate investment trust’s stock worth $129,710,000 after buying an additional 1,641,496 shares in the last quarter. Brookfield Asset Management Inc. grew its position in shares of Gramercy Property Trust by 3.4% during the 4th 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 in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Gramercy Property Trust by 9.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,195,495 shares of the real estate investment trust’s stock worth $69,438,000 after buying an additional 283,311 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Gramercy Property Trust by 4.6% during the 1st quarter. Northern Trust Corp now owns 2,888,261 shares of the real estate investment trust’s stock worth $62,762,000 after buying an additional 127,801 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of Gramercy Property Trust opened at $27.63 on Wednesday, according to Marketbeat. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $4.44 billion, a P/E ratio of 13.48, a P/E/G ratio of 1.95 and a beta of 0.59. Gramercy Property Trust has a 1-year low of $21.12 and a 1-year high of $31.26.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend is Thursday, June 28th. Gramercy Property Trust’s dividend payout ratio (DPR) is currently 73.17%.

In related news, President Benjamin P. Harris sold 25,000 shares of the company’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $27.66, for a total transaction of $691,500.00. Following the completion of the sale, the president now directly owns 64,730 shares in the company, valued at approximately $1,790,431.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

A number of research firms have recently issued reports on GPT. DA Davidson downgraded Gramercy Property Trust from a “buy” rating to a “neutral” rating in a research report on Monday, May 7th. Stifel Nicolaus cut Gramercy Property Trust from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research note on Tuesday, May 8th. Zacks Investment Research upgraded Gramercy Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 9th. Royal Bank of Canada set a $26.00 price objective on Gramercy Property Trust and gave the stock a “hold” rating in a research note on Wednesday, March 7th. Finally, LADENBURG THALM/SH SH cut Gramercy Property Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, May 17th. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.00.

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)

Receive News & Ratings for Gramercy Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gramercy Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply