State Street Corp lifted its stake in shares of Gramercy Property Trust (NYSE:GPT) by 9.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,895,312 shares of the real estate investment trust’s stock after acquiring an additional 334,865 shares during the period. State Street Corp owned 2.56% of Gramercy Property Trust worth $115,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC raised its holdings in shares of Gramercy Property Trust by 16.1% during the 2nd quarter. Penserra Capital Management LLC now owns 3,914 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 542 shares during the period. Sii Investments Inc. WI purchased a new position in shares of Gramercy Property Trust during the 2nd quarter worth $208,000. Wittenberg Investment Management Inc. purchased a new position in shares of Gramercy Property Trust during the 2nd quarter worth $213,000. GW&K Investment Management LLC purchased a new position in shares of Gramercy Property Trust during the 2nd quarter worth $218,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Gramercy Property Trust during the 2nd quarter worth $226,000. Institutional investors and hedge funds own 86.80% of the company’s stock.

Shares of Gramercy Property Trust (NYSE:GPT) opened at 30.62 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 capitalization of $4.65 billion, a P/E ratio of 291.62 and a beta of 0.58. The company’s 50 day moving average price is $30.57 and its 200-day moving average price is $29.53.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.02). Gramercy Property Trust had a return on equity of 0.90% and a net margin of 4.56%. The business had revenue of $131.40 million for the quarter, compared to analysts’ expectations of $136.30 million. During the same quarter last year, the company posted $0.18 earnings per share. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, equities analysts predict that Gramercy Property Trust will post ($0.11) earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.50 annualized dividend and a yield of 4.90%. Gramercy Property Trust’s dividend payout ratio (DPR) is presently 1,666.85%.

Several research analysts have recently commented on the company. Bank of America Corporation lowered Gramercy Property Trust from a “neutral” rating to an “underperform” rating and set a $30.00 price target on the stock. in a report on Wednesday, August 16th. JMP Securities downgraded Gramercy Property Trust from a “market outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gramercy Property Trust in a research report on Wednesday, August 2nd. BidaskClub raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $31.00 price objective on shares of Gramercy Property Trust in a research report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Gramercy Property Trust has an average rating of “Hold” and an average price target of $31.67.

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In related news, President Benjamin P. Harris sold 9,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $30.50, for a total transaction of $274,500.00. Following the transaction, the president now directly owns 96,101 shares in the company, valued at $2,931,080.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.96% of the company’s stock.

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

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