Credit Suisse AG Sells 71,051 Shares of Gramercy Property Trust (GPT)

Credit Suisse AG cut its position in Gramercy Property Trust (NYSE:GPT) by 13.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 439,767 shares of the real estate investment trust’s stock after selling 71,051 shares during the quarter. Credit Suisse AG’s holdings in Gramercy Property Trust were worth $12,066,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in Gramercy Property Trust during the 2nd quarter valued at about $146,000. Stratos Wealth Partners LTD. acquired a new position in Gramercy Property Trust during the 3rd quarter valued at about $168,000. Jane Street Group LLC acquired a new position in Gramercy Property Trust during the 2nd quarter valued at about $200,000. NN Investment Partners Holdings N.V. acquired a new position in Gramercy Property Trust during the 3rd quarter valued at about $223,000. Finally, Sumitomo Mitsui Asset Management Company LTD acquired a new position in Gramercy Property Trust during the 3rd quarter valued at about $230,000. Hedge funds and other institutional investors own 86.36% of the company’s stock.

Separately, Zacks Investment Research cut shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.50.

Shares of GPT opened at $27.48 on Friday. Gramercy Property Trust has a 12-month low of $21.12 and a 12-month high of $31.26.

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Gramercy Property Trust Company Profile

Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing high quality, income producing commercial real estate leased to high quality tenants in major markets in the United States and Europe.

Further Reading: What is a Reverse Stock Split?

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Institutional Ownership by Quarter for Gramercy Property Trust (NYSE:GPT)

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