Heitman Real Estate Securities LLC grew its stake in shares of Gramercy Property Trust (NYSE:GPT) by 8.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 87,772 shares of the real estate investment trust’s stock after acquiring an additional 6,920 shares during the period. Heitman Real Estate Securities LLC owned about 0.05% of Gramercy Property Trust worth $2,340,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in GPT. Prime Capital Investment Advisors LLC acquired a new stake in shares of Gramercy Property Trust during the 4th quarter valued at $116,000. Jane Street Group LLC acquired a new stake in shares of Gramercy Property Trust during the 3rd quarter valued at $214,000. Neuberger Berman Group LLC acquired a new stake in shares of Gramercy Property Trust during the 3rd quarter valued at $232,000. Janney Montgomery Scott LLC acquired a new stake in shares of Gramercy Property Trust during the 3rd quarter valued at $251,000. Finally, MANA Advisors LLC acquired a new stake in shares of Gramercy Property Trust during the 4th quarter valued at $264,000. Institutional investors own 91.24% of the company’s stock.
A number of brokerages have recently commented on GPT. Royal Bank of Canada set a $26.00 price objective on Gramercy Property Trust and gave the company a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research downgraded Gramercy Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $25.00 price objective (down previously from $31.00) on shares of Gramercy Property Trust in a research report on Thursday, March 1st. ValuEngine downgraded Gramercy Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, SunTrust Banks set a $28.00 price objective on Gramercy Property Trust and gave the company a “hold” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.60.
Shares of Gramercy Property Trust (NYSE:GPT) opened at $22.42 on Monday. The stock has a market capitalization of $3,604.75, a price-to-earnings ratio of 10.94, a PEG ratio of 2.42 and a beta of 0.59. Gramercy Property Trust has a 1-year low of $21.12 and a 1-year high of $31.26. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.75.
Gramercy Property Trust (NYSE:GPT) last released its earnings results on Wednesday, February 28th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.52. The company had revenue of $149.00 million during the quarter, compared to analyst estimates of $139.00 million. Gramercy Property Trust had a return on equity of 2.93% and a net margin of 15.64%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. sell-side analysts expect that Gramercy Property Trust will post 2.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.69%. Gramercy Property Trust’s payout ratio is currently 294.12%.
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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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