Nomura Asset Management Co. Ltd. raised its position in Gramercy Property Trust (NYSE:GPT) by 5.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 92,580 shares of the real estate investment trust’s stock after buying an additional 4,620 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.06% of Gramercy Property Trust worth $2,468,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. AMP Capital Investors Ltd increased its stake in Gramercy Property Trust by 35.0% in the 4th quarter. AMP Capital Investors Ltd now owns 87,550 shares of the real estate investment trust’s stock valued at $2,334,000 after buying an additional 22,715 shares during the period. Thrivent Financial For Lutherans acquired a new position in Gramercy Property Trust in the 4th quarter valued at $957,000. MANA Advisors LLC acquired a new position in Gramercy Property Trust in the 4th quarter valued at $264,000. Renaissance Technologies LLC grew its stake in shares of Gramercy Property Trust by 936.2% during the 4th quarter. Renaissance Technologies LLC now owns 461,231 shares of the real estate investment trust’s stock worth $12,296,000 after purchasing an additional 416,718 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its stake in shares of Gramercy Property Trust by 66.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 251,671 shares of the real estate investment trust’s stock worth $6,710,000 after purchasing an additional 100,671 shares during the period. 91.24% of the stock is currently owned by institutional investors.
In related news, President Benjamin P. Harris sold 6,371 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $26.73, for a total value of $170,296.83. Following the sale, the president now directly owns 89,730 shares in the company, valued at approximately $2,398,482.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is owned by insiders.
Gramercy Property Trust (NYSE:GPT) last posted its quarterly earnings results on Wednesday, February 28th. The real estate investment trust reported $0.52 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.52. Gramercy Property Trust had a net margin of 15.64% and a return on equity of 2.93%. The business had revenue of $149.00 million for the quarter, compared to analysts’ expectations of $139.00 million. During the same period in the prior year, the company posted $0.51 EPS. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. research analysts predict that Gramercy Property Trust will post 2.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.50 annualized dividend and a dividend yield of 6.72%. Gramercy Property Trust’s dividend payout ratio is presently 294.12%.
A number of research firms have recently weighed in on GPT. Royal Bank of Canada set a $26.00 price target on shares of Gramercy Property Trust and gave the stock a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research cut shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, March 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $25.00 price target (down from $31.00) on shares of Gramercy Property Trust in a research note on Thursday, March 1st. SunTrust Banks set a $28.00 price target on shares of Gramercy Property Trust and gave the stock a “hold” rating in a research note on Monday, January 22nd. Finally, ValuEngine cut shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $28.60.
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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