Weekly Research Analysts’ Ratings Updates for Gramercy Property Trust (GPT)

A number of research firms have changed their ratings and price targets for Gramercy Property Trust (NYSE: GPT):

  • 2/7/2018 – Gramercy Property Trust was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 2/6/2018 – Gramercy Property Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Chambers Street Properties is a real estate investment trust. It acquires, owns and operates commercial real estate such as warehouse, logistics properties and office buildings. The Company’s properties are situated primarily in the United States and Europe. Chambers Street Properties is headquartered in Princeton, New Jersey. “
  • 1/30/2018 – Gramercy Property Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Chambers Street Properties is a real estate investment trust. It acquires, owns and operates commercial real estate such as warehouse, logistics properties and office buildings. The Company’s properties are situated primarily in the United States and Europe. Chambers Street Properties is headquartered in Princeton, New Jersey. “
  • 1/24/2018 – Gramercy Property Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Chambers Street Properties is a real estate investment trust. It acquires, owns and operates commercial real estate such as warehouse, logistics properties and office buildings. The Company’s properties are situated primarily in the United States and Europe. Chambers Street Properties is headquartered in Princeton, New Jersey. “
  • 1/22/2018 – Gramercy Property Trust was given a new $28.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “hold” rating on the stock.
  • 1/9/2018 – Gramercy Property Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Chambers Street Properties is a real estate investment trust. It acquires, owns and operates commercial real estate such as warehouse, logistics properties and office buildings. The Company’s properties are situated primarily in the United States and Europe. Chambers Street Properties is headquartered in Princeton, New Jersey. “
  • 1/3/2018 – Gramercy Property Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Chambers Street Properties is a real estate investment trust. It acquires, owns and operates commercial real estate such as warehouse, logistics properties and office buildings. The Company’s properties are situated primarily in the United States and Europe. Chambers Street Properties is headquartered in Princeton, New Jersey. “

Gramercy Property Trust (NYSE GPT) traded down $0.15 during midday trading on Wednesday, reaching $22.85. The company’s stock had a trading volume of 630,958 shares, compared to its average volume of 1,365,161. The stock has a market cap of $3,640.00, a PE ratio of 53.14, a PEG 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 fifty-two week low of $22.51 and a fifty-two week high of $31.26.

In other Gramercy Property Trust news, President Benjamin P. Harris sold 6,371 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $26.73, for a total transaction of $170,296.83. Following the completion of the transaction, the president now 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 this link. Company insiders own 1.36% of the company’s stock.

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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