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.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPT. Penserra Capital Management LLC lifted its position in shares of Gramercy Property Trust by 16.1% during the 2nd quarter. Penserra Capital Management LLC now owns 3,914 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 542 shares during the last quarter. Sii Investments Inc. WI acquired a new stake in shares of Gramercy Property Trust during the 2nd quarter valued at $208,000. Wittenberg Investment Management Inc. acquired a new stake in shares of Gramercy Property Trust during the 2nd quarter valued at $213,000. Jane Street Group LLC acquired a new stake in shares of Gramercy Property Trust during the 3rd quarter valued at $214,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Gramercy Property Trust during the 2nd quarter valued at $215,000. Hedge funds and other institutional investors own 92.29% 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%.

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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.

Analyst Recommendations for Gramercy Property Trust (NYSE:GPT)

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