Gramercy Property Trust (GPT) Given a $30.00 Price Target by SunTrust Banks, Inc. Analysts
SunTrust Banks, Inc. set a $30.00 price objective on Gramercy Property Trust (NYSE:GPT) in a report released on Tuesday. The firm currently has a hold rating on the real estate investment trust’s stock.
Several other research analysts also recently weighed in on GPT. BidaskClub downgraded shares of Gramercy Property Trust from a buy rating to a hold rating in a report on Monday, July 3rd. JMP Securities downgraded shares of Gramercy Property Trust from a market outperform rating to a market perform rating in a report on Monday, July 17th. Zacks Investment Research downgraded shares of Gramercy Property Trust from a hold rating to a sell rating in a report on Wednesday, July 26th. Ladenburg Thalmann Financial Services restated a buy rating on shares of Gramercy Property Trust in a report on Wednesday, August 2nd. Finally, TheStreet lowered shares of Gramercy Property Trust from a b- rating to a c rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $31.25.
Gramercy Property Trust (NYSE:GPT) traded down 1.99% on Tuesday, reaching $29.11. 1,227,092 shares of the company were exchanged. The stock has a market capitalization of $4.42 billion, a P/E ratio of 277.24 and a beta of 0.58. Gramercy Property Trust has a 12-month low of $24.09 and a 12-month high of $31.26. The company’s 50-day moving average price is $30.50 and its 200-day moving average price is $29.70.
Gramercy Property Trust (NYSE:GPT) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). Gramercy Property Trust had a return on equity of 0.81% and a net margin of 4.35%. The business had revenue of $134.90 million for the quarter, compared to analyst estimates of $135.45 million. During the same quarter in the previous year, the company posted $0.16 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Equities research analysts anticipate that Gramercy Property Trust will post ($0.11) earnings per share for the current fiscal year.
In other news, President Benjamin P. Harris sold 9,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $30.50, for a total value of $274,500.00. Following the completion of the sale, the president now owns 96,101 shares in the company, valued at approximately $2,931,080.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.36% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of GPT. Penserra Capital Management LLC grew its position in Gramercy Property Trust by 16.1% during the second quarter. Penserra Capital Management LLC now owns 3,914 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 542 shares during the period. Sii Investments Inc. WI bought a new position in Gramercy Property Trust during the second quarter valued at about $208,000. Wittenberg Investment Management Inc. bought a new position in Gramercy Property Trust during the second quarter valued at about $213,000. Cetera Investment Advisers bought a new position in Gramercy Property Trust during the second quarter valued at about $215,000. Finally, GW&K Investment Management LLC bought a new position in Gramercy Property Trust during the second quarter valued at about $218,000. Institutional investors own 87.01% 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.
Receive News & Ratings for Gramercy Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gramercy Property Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.