Gramercy Property Trust (NYSE:GPT) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,930,087 shares, a decline of 42.2% from the January 12th total of 3,336,612 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,444,432 shares, the short-interest ratio is presently 1.3 days.
A number of equities analysts have recently weighed in on GPT shares. SunTrust Banks set a $30.00 target price on Gramercy Property Trust and gave the stock a “hold” rating in a research note on Tuesday, October 31st. ValuEngine upgraded Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research upgraded Gramercy Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.75.
Gramercy Property Trust (NYSE GPT) opened at $22.83 on Thursday. Gramercy Property Trust has a 12 month low of $22.51 and a 12 month high of $31.26. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3,640.00, a P/E ratio of 53.09, a P/E/G ratio of 1.56 and a beta of 0.45.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Gramercy Property Trust by 7.8% in the fourth quarter. BlackRock Inc. now owns 14,397,948 shares of the real estate investment trust’s stock valued at $383,849,000 after purchasing an additional 1,040,820 shares during the last quarter. Cohen & Steers Inc. lifted its stake in Gramercy Property Trust by 1.3% in the third quarter. Cohen & Steers Inc. now owns 7,719,083 shares of the real estate investment trust’s stock valued at $233,502,000 after purchasing an additional 97,875 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Gramercy Property Trust by 10.8% in the third quarter. JPMorgan Chase & Co. now owns 5,281,060 shares of the real estate investment trust’s stock valued at $158,642,000 after purchasing an additional 516,517 shares during the last quarter. Brookfield Asset Management Inc. lifted its stake in Gramercy Property Trust by 38.7% in the second quarter. Brookfield Asset Management Inc. now owns 4,866,358 shares of the real estate investment trust’s stock valued at $144,579,000 after purchasing an additional 1,357,618 shares during the last quarter. Finally, State Street Corp lifted its stake in Gramercy Property Trust by 9.4% in the second 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 during the last quarter. Institutional investors and hedge funds own 92.03% 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.
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