Numeric Investors LLC bought a new position in Gramercy Property Trust (NYSE:GPT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,300 shares of the real estate investment trust’s stock, valued at approximately $365,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of GPT. Penserra Capital Management LLC grew its holdings in shares of Gramercy Property Trust by 16.1% in the 2nd quarter. Penserra Capital Management LLC now owns 3,914 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 542 shares during the last quarter. Wittenberg Investment Management Inc. bought a new stake in shares of Gramercy Property Trust in the 2nd quarter worth about $213,000. GW&K Investment Management LLC bought a new stake in shares of Gramercy Property Trust in the 2nd quarter worth about $218,000. Karp Capital Management Corp bought a new stake in shares of Gramercy Property Trust in the 1st quarter worth about $256,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Gramercy Property Trust in the 2nd quarter worth about $258,000. 86.80% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on GPT shares. Zacks Investment Research lowered shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. TheStreet lowered shares of Gramercy Property Trust from a “b-” rating to a “c” rating in a report on Tuesday, August 1st. ValuEngine upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub downgraded shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Compass Point reiterated a “buy” rating and set a $34.00 price target (up previously from $30.00) on shares of Gramercy Property Trust in a research report on Monday, June 19th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $31.67.
In other Gramercy Property Trust news, President Benjamin P. Harris sold 9,000 shares of Gramercy Property Trust stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $30.50, for a total value of $274,500.00. Following the transaction, the president now owns 96,101 shares in the company, valued at $2,931,080.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.36% of the company’s stock.
Gramercy Property Trust (NYSE:GPT) opened at 31.10 on Monday. Gramercy Property Trust has a 12 month low of $24.09 and a 12 month high of $31.26. The firm has a market cap of $4.72 billion, a P/E ratio of 296.19 and a beta of 0.58. The company’s 50-day moving average is $30.47 and its 200 day moving average is $29.42.
Gramercy Property Trust (NYSE:GPT) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.02). Gramercy Property Trust had a net margin of 4.35% and a return on equity of 0.81%. The business had revenue of $131.40 million during the quarter, compared to the consensus estimate of $136.30 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The business’s revenue was down 5.7% on a year-over-year basis. Equities research analysts expect that Gramercy Property Trust will post ($0.11) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Thursday, September 28th. Gramercy Property Trust’s dividend payout ratio is presently 1,666.85%.
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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