Gramercy Property Trust Sets New 1-Year High at $6.37 (GPT)
Shares of Gramercy Property Trust (NYSE:GPT) hit a new 52-week high during mid-day trading on Tuesday , StockRatingsNetwork reports. The stock traded as high as $6.37 and last traded at $6.35, with a volume of 338,093 shares. The stock had previously closed at $6.19.
Separately, analysts at TheStreet upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 13th. Five equities research analysts have rated the stock with a buy rating, Gramercy Property Trust currently has a consensus rating of “Buy” and a consensus price target of $7.08.
The stock has a 50-day moving average of $6.07 and a 200-day moving average of $5.71. The company has a market cap of $752.7 million and a price-to-earnings ratio of 9.05.
Gramercy Property Trust (NYSE:GPT) last announced its earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.07. The company had revenue of $20.63 million for the quarter, compared to the consensus estimate of $16.59 million. On average, analysts predict that Gramercy Property Trust will post $0.63 earnings per share for the current fiscal year.
Gramercy Property Trust Inc, formerly Gramercy Capital Corp., is an integrated, self-managed real estate investment and asset management company.
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