Gramercy Property Trust (GPT) Shares Sold by Comerica Bank

Comerica Bank cut its stake in Gramercy Property Trust (NYSE:GPT) by 59.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,971 shares of the real estate investment trust’s stock after selling 15,817 shares during the period. Comerica Bank’s holdings in Gramercy Property Trust were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional 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 4th quarter worth $116,000. Zeke Capital Advisors LLC acquired a new position in Gramercy Property Trust in the 4th quarter worth $231,000. D.B. Root & Company LLC acquired a new position in Gramercy Property Trust in the 4th quarter worth $259,000. MANA Advisors LLC acquired a new position in Gramercy Property Trust in the 4th quarter worth $264,000. Finally, BB&T Securities LLC acquired a new position in Gramercy Property Trust in the 4th quarter worth $288,000. 87.74% of the stock is owned by hedge funds and other institutional investors.

Gramercy Property Trust stock opened at $27.62 on Friday. Gramercy Property Trust has a one year low of $21.12 and a one year high of $31.26. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $4.44 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.95 and a beta of 0.59.



Gramercy Property Trust (NYSE:GPT) last posted its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.34). The business had revenue of $149.50 million for the quarter, compared to analyst estimates of $124.29 million. Gramercy Property Trust had a return on equity of 3.42% and a net margin of 18.27%. The company’s quarterly revenue was up 15.0% 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 2.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be issued a $0.375 dividend. The ex-dividend date is Thursday, June 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.43%. Gramercy Property Trust’s payout ratio is 73.17%.

A number of equities analysts recently weighed in on the stock. LADENBURG THALM/SH SH reaffirmed a “neutral” rating on shares of Gramercy Property Trust in a research note on Thursday, May 31st. Zacks Investment Research raised shares of Gramercy Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 9th. Stifel Nicolaus lowered shares of Gramercy Property Trust from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research note on Tuesday, May 8th. DA Davidson downgraded shares of Gramercy Property Trust from a “buy” rating to a “neutral” rating in a research note on Monday, May 7th. Finally, SunTrust Banks restated a “hold” rating and set a $23.00 price objective on shares of Gramercy Property Trust in a research note on Tuesday, April 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Gramercy Property Trust currently has an average rating of “Hold” and a consensus price target of $27.60.

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.

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

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