Gramercy Property Trust (GPT) Given Average Recommendation of “Hold” by Analysts

Gramercy Property Trust (NYSE:GPT) has been given an average rating of “Hold” by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $31.25.

GPT has been the topic of a number of research analyst reports. BidaskClub raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Bank of America lowered Gramercy Property Trust from a “neutral” rating to an “underperform” rating and set a $30.00 price target on the stock. in a research note on Wednesday, August 16th. Stifel Nicolaus reissued a “buy” rating and issued a $31.00 price target on shares of Gramercy Property Trust in a research note on Tuesday, August 22nd. ValuEngine raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gramercy Property Trust in a research note on Friday, September 1st.

Shares of Gramercy Property Trust (GPT) traded up $0.13 during trading hours on Friday, reaching $28.52. The company’s stock had a trading volume of 872,700 shares, compared to its average volume of 947,384. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.76. Gramercy Property Trust has a 12-month low of $24.90 and a 12-month high of $31.26. The firm 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.

Gramercy Property Trust (NYSE:GPT) last issued its quarterly earnings results 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 analyst estimates of $135.45 million. During the same period in the previous year, the business posted $0.16 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. equities analysts predict that Gramercy Property Trust will post 2.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Thursday, December 28th. Gramercy Property Trust’s dividend payout ratio is currently 340.92%.

In other news, President Benjamin P. Harris sold 9,000 shares of Gramercy Property Trust stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $30.50, for a total value of $274,500.00. Following the transaction, the president now directly owns 96,101 shares of the company’s stock, valued at approximately $2,931,080.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.36% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPT. Suntrust Banks Inc. raised its position in shares of Gramercy Property Trust by 0.3% in the second quarter. Suntrust Banks Inc. now owns 26,766 shares of the real estate investment trust’s stock valued at $794,000 after buying an additional 80 shares in the last quarter. Advisor Group Inc. boosted its holdings in Gramercy Property Trust by 1.5% in the 2nd quarter. Advisor Group Inc. now owns 20,752 shares of the real estate investment trust’s stock valued at $506,000 after purchasing an additional 315 shares during the period. Penserra Capital Management LLC raised 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 buying an additional 542 shares in the last quarter. People s United Financial Inc. raised its position in shares of Gramercy Property Trust by 1.9% during the 2nd quarter. People s United Financial Inc. now owns 36,657 shares of the real estate investment trust’s stock valued at $1,089,000 after buying an additional 698 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Gramercy Property Trust by 6.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,942 shares of the real estate investment trust’s stock valued at $355,000 after buying an additional 702 shares in the last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

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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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