Gramercy Property Trust (GPT) Receives Consensus Recommendation of “Hold” from Analysts

Gramercy Property Trust (NYSE:GPT) has been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $31.25.

Several analysts recently issued reports on GPT shares. Zacks Investment Research cut shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. ValuEngine raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, November 1st. Finally, SunTrust Banks set a $30.00 price objective on shares of Gramercy Property Trust and gave the company a “hold” rating in a research note on Tuesday, October 31st.

Shares of Gramercy Property Trust (NYSE GPT) opened at $26.03 on Friday. The company has a market cap of $4,161.32, a PE ratio of 59.16, a PEG ratio of 1.74 and a beta of 0.54. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.24 and a current ratio of 0.24. Gramercy Property Trust has a one year low of $25.21 and a one year high of $31.26.

Gramercy Property Trust (NYSE:GPT) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $134.90 million for the quarter, compared to analysts’ expectations of $135.45 million. Gramercy Property Trust had a return on equity of 2.60% and a net margin of 14.10%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. research analysts forecast that Gramercy Property Trust will post 2.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a dividend of $0.375 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.50 annualized dividend and a yield of 5.76%. Gramercy Property Trust’s dividend payout ratio is presently 340.92%.

In other Gramercy Property Trust news, President Benjamin P. Harris sold 6,371 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $26.73, for a total value of $170,296.83. Following the transaction, the president now directly owns 89,730 shares in the company, valued at approximately $2,398,482.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

A number of large investors have recently bought and sold shares of GPT. Franklin Resources Inc. acquired a new position in Gramercy Property Trust in the 2nd quarter valued at about $2,258,000. Teachers Advisors LLC boosted its holdings in Gramercy Property Trust by 12.8% in the 2nd quarter. Teachers Advisors LLC now owns 274,448 shares of the real estate investment trust’s stock valued at $8,154,000 after purchasing an additional 31,129 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Gramercy Property Trust by 16.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 470,268 shares of the real estate investment trust’s stock valued at $13,972,000 after purchasing an additional 67,542 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in Gramercy Property Trust by 13.8% in the 2nd quarter. Nationwide Fund Advisors now owns 458,907 shares of the real estate investment trust’s stock valued at $13,634,000 after purchasing an additional 55,555 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in Gramercy Property Trust by 7.5% in the 2nd quarter. BlackRock Inc. now owns 13,137,418 shares of the real estate investment trust’s stock valued at $390,312,000 after purchasing an additional 922,014 shares during the last quarter. Institutional investors own 92.23% of the company’s stock.

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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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