Xact Kapitalforvaltning AB purchased a new position in shares of Gramercy Property Trust Inc. (NYSE:GPT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,318 shares of the real estate investment trust’s stock, valued at approximately $302,000.
A number of other large investors also recently made changes to their positions in GPT. Prime Capital Investment Advisors LLC acquired a new position in Gramercy Property Trust in the fourth quarter valued at $116,000. Jane Street Group LLC purchased a new stake in shares of Gramercy Property Trust in the third quarter valued at about $214,000. Zeke Capital Advisors LLC purchased a new stake in shares of Gramercy Property Trust in the fourth quarter valued at about $231,000. Neuberger Berman Group LLC purchased a new stake in shares of Gramercy Property Trust in the third quarter valued at about $232,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Gramercy Property Trust in the third quarter valued at about $251,000. Hedge funds and other institutional investors own 91.29% of the company’s stock.
GPT stock opened at $22.55 on Thursday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.75. The stock has a market cap of $3,598.32, a P/E ratio of 10.92, a P/E/G ratio of 2.49 and a beta of 0.56. Gramercy Property Trust Inc. has a 52 week low of $21.12 and a 52 week high of $31.26.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Friday, March 30th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date of this dividend was Wednesday, March 28th. Gramercy Property Trust’s payout ratio is currently 73.17%.
Several analysts have recently weighed in on GPT shares. SunTrust Banks reaffirmed a “hold” rating and issued a $23.00 target price on shares of Gramercy Property Trust in a report on Tuesday, April 3rd. Zacks Investment Research downgraded shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Friday, March 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $25.00 target price (down previously from $31.00) on shares of Gramercy Property Trust in a report on Thursday, March 1st. Royal Bank of Canada set a $26.00 target price on shares of Gramercy Property Trust and gave the company a “hold” rating in a report on Wednesday, March 7th. Finally, ValuEngine downgraded shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $27.60.
About Gramercy Property Trust
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.
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