Gramercy Property Trust (GPT) Given Average Rating of “Hold” by Analysts
Shares of Gramercy Property Trust (NYSE:GPT) have received a consensus rating of “Hold” from the ten brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $31.25.
A number of equities analysts recently issued reports on the company. Bank of America lowered Gramercy Property Trust from a “neutral” rating to an “underperform” rating and set a $30.00 price objective for the company. in a report on Wednesday, August 16th. BidaskClub downgraded Gramercy Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Stifel Nicolaus restated a “buy” rating and issued a $31.00 target price on shares of Gramercy Property Trust in a research report on Tuesday, August 22nd. SunTrust Banks set a $30.00 target price on Gramercy Property Trust and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Gramercy Property Trust in a research report on Wednesday, November 1st.
In other Gramercy Property Trust news, President Benjamin P. Harris sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $30.50, for a total value of $274,500.00. Following the completion of the sale, the president now directly owns 96,101 shares in the company, valued at $2,931,080.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.36% of the company’s stock.
Shares of Gramercy Property Trust (NYSE GPT) traded up $0.13 during mid-day trading on Friday, reaching $28.52. The company had a trading volume of 872,700 shares, compared to its average volume of 947,384. Gramercy Property Trust has a 1-year low of $24.90 and a 1-year high of $31.26. The company has a market cap of $4,595.18, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 1.98 and a beta of 0.57. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.24 and a quick ratio of 0.24.
Gramercy Property Trust (NYSE:GPT) last issued its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Gramercy Property Trust had a return on equity of 2.60% and a net margin of 14.10%. The business had revenue of $134.90 million during the quarter, compared to the consensus estimate of $135.45 million. During the same period last year, the company earned $0.16 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. sell-side analysts forecast that Gramercy Property Trust will post 2.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.50 dividend on an annualized basis and a yield of 5.26%. Gramercy Property Trust’s dividend payout ratio (DPR) is 340.92%.
Gramercy Property Trust Company Profile
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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