Wall Street brokerages expect that Gramercy Property Trust (NYSE:GPT) will report earnings of $0.52 per share for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Gramercy Property Trust’s earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.49. Gramercy Property Trust reported earnings of $0.63 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 17.5%. The company is expected to report its next quarterly earnings results after the market closes on Tuesday, August 1st.

According to Zacks, analysts expect that Gramercy Property Trust will report full-year earnings of $2.12 per share for the current year, with EPS estimates ranging from $2.07 to $2.18. For the next financial year, analysts anticipate that the company will post earnings of $2.26 per share, with EPS estimates ranging from $2.20 to $2.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Gramercy Property Trust.

Gramercy Property Trust (NYSE:GPT) last released its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.51. Gramercy Property Trust had a net margin of 8.24% and a return on equity of 1.59%. The firm had revenue of $129.99 million during the quarter, compared to the consensus estimate of $126.88 million.

A number of analysts have commented on GPT shares. BidaskClub raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. TheStreet raised shares of Gramercy Property Trust from a “c+” rating to a “b-” rating in a report on Monday, June 12th. Compass Point reaffirmed a “buy” rating and set a $34.00 target price (up from $30.00) on shares of Gramercy Property Trust in a report on Monday, June 19th. ValuEngine raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, May 3rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.33.

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Gramercy Property Trust (NYSE:GPT) traded down 0.33% on Tuesday, reaching $29.83. 995,645 shares of the company traded hands. The stock’s 50-day moving average is $29.68 and its 200-day moving average is $27.69. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 117.44 and a beta of 0.58. Gramercy Property Trust has a 1-year low of $24.09 and a 1-year high of $31.19.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.375 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.50 dividend on an annualized basis and a yield of 5.03%. Gramercy Property Trust’s dividend payout ratio is currently 652.15%.

In other Gramercy Property Trust news, insider Nicholas L. Pell sold 11,350 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $29.53, for a total value of $335,165.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Benjamin P. Harris sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $29.68, for a total transaction of $148,400.00. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of GPT. BlackRock Inc. raised its position in Gramercy Property Trust by 1,126.6% in the first quarter. BlackRock Inc. now owns 12,215,404 shares of the real estate investment trust’s stock worth $321,267,000 after buying an additional 11,219,518 shares during the last quarter. Norges Bank purchased a new position in Gramercy Property Trust during the fourth quarter worth $34,886,000. Macquarie Group Ltd. raised its position in Gramercy Property Trust by 100.2% in the fourth quarter. Macquarie Group Ltd. now owns 4,383,006 shares of the real estate investment trust’s stock worth $40,236,000 after buying an additional 2,193,847 shares during the last quarter. Uniplan Investment Counsel Inc. purchased a new position in Gramercy Property Trust during the first quarter worth $30,731,000. Finally, Dimensional Fund Advisors LP raised its position in Gramercy Property Trust by 30.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,907,434 shares of the real estate investment trust’s stock worth $45,048,000 after buying an additional 1,157,783 shares during the last quarter. Institutional investors and hedge funds own 81.62% of the company’s stock.

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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Earnings History and Estimates for Gramercy Property Trust (NYSE:GPT)

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