Gramercy Property Trust (NYSE:GPT) has been given a consensus rating of “Hold” by the ten brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $30.75.
A number of analysts recently commented 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 Tuesday, January 9th. ValuEngine upgraded 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 reiterated a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, November 1st. Finally, SunTrust Banks set a $30.00 target price on shares of Gramercy Property Trust and gave the stock a “hold” rating in a research note on Tuesday, October 31st.
Shares of Gramercy Property Trust (NYSE GPT) opened at $23.00 on Wednesday. The company has a market cap of $3,717.88, a P/E ratio of 52.27, a P/E/G ratio of 1.56 and a beta of 0.45. 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 has a 12 month low of $22.51 and a 12 month high of $31.26.
A number of hedge funds and other institutional investors have recently made changes to their positions in GPT. Tudor Investment Corp ET AL acquired a new stake in Gramercy Property Trust during the 2nd quarter valued at approximately $226,000. Janus Henderson Group PLC acquired a new stake in Gramercy Property Trust during the 2nd quarter valued at approximately $4,702,000. Cornerstone Capital Management Holdings LLC. lifted its stake in Gramercy Property Trust by 4.6% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 71,865 shares of the real estate investment trust’s stock valued at $2,135,000 after acquiring an additional 3,183 shares during the period. State Street Corp increased its holdings in shares of Gramercy Property Trust by 9.4% during the 2nd quarter. State Street Corp now owns 3,895,312 shares of the real estate investment trust’s stock valued at $115,732,000 after purchasing an additional 334,865 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Gramercy Property Trust by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 116,194 shares of the real estate investment trust’s stock valued at $3,453,000 after purchasing an additional 7,529 shares in the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.
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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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