Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Gramercy Property Trust (NYSE:GPT) by 7.1% in the 2nd quarter, Holdings Channel reports. The fund owned 164,607 shares of the real estate investment trust’s stock after purchasing an additional 10,854 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Gramercy Property Trust were worth $4,497,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of GPT. GWM Advisors LLC bought a new position in shares of Gramercy Property Trust during the second quarter worth approximately $238,000. D.B. Root & Company LLC bought a new position in shares of Gramercy Property Trust during the second quarter worth approximately $242,000. Cim Investment Mangement Inc. bought a new position in shares of Gramercy Property Trust during the first quarter worth approximately $251,000. Allianz Asset Management GmbH bought a new position in shares of Gramercy Property Trust during the first quarter worth approximately $282,000. Finally, Barings LLC bought a new position in shares of Gramercy Property Trust during the first quarter worth approximately $291,000. Hedge funds and other institutional investors own 85.01% of the company’s stock.

Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of Gramercy Property Trust in a report on Tuesday, July 10th. Citigroup cut shares of Gramercy Property Trust to a “neutral” rating and set a $27.50 target price on the stock. in a report on Tuesday, July 10th. LADENBURG THALM/SH SH reaffirmed a “neutral” rating on shares of Gramercy Property Trust in a report on Thursday, May 31st. Finally, Stifel Nicolaus cut shares of Gramercy Property Trust from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Tuesday, May 8th. Nine investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $26.50.

Shares of NYSE:GPT opened at $27.35 on Friday. The company has a market capitalization of $4.39 billion, a P/E ratio of 13.34, a PEG ratio of 1.93 and a beta of 0.83. The company has a current ratio of 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 0.96. Gramercy Property Trust has a 1 year low of $21.12 and a 1 year high of $31.26.

Gramercy Property Trust (NYSE:GPT) last announced its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $145.60 million for the quarter, compared to analysts’ expectations of $148.34 million. Gramercy Property Trust had a net margin of 20.65% and a return on equity of 3.93%. equities analysts predict that Gramercy Property Trust will post 2.02 EPS for the current fiscal year.

In related news, President Benjamin P. Harris sold 25,000 shares of Gramercy Property Trust stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $27.66, for a total value of $691,500.00. Following the transaction, the president now directly owns 64,730 shares of the company’s stock, valued at $1,790,431.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

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

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