Compton Capital Management Inc. RI reduced its stake in shares of Gramercy Property Trust (NYSE:GPT) by 66.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,961 shares of the real estate investment trust’s stock after selling 23,924 shares during the period. Compton Capital Management Inc. RI’s holdings in Gramercy Property Trust were worth $315,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. Pioneer Investment Management Inc. bought a new stake in shares of Gramercy Property Trust during the first quarter valued at about $4,105,000. Gerber Kawasaki Wealth & Investment Management bought a new stake in shares of Gramercy Property Trust during the first quarter valued at about $705,000. Capital Analysts LLC bought a new stake in shares of Gramercy Property Trust during the first quarter valued at about $139,000. Karp Capital Management Corp bought a new stake in shares of Gramercy Property Trust during the first quarter valued at about $256,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Gramercy Property Trust during the first quarter valued at about $288,000.
Gramercy Property Trust (NYSE:GPT) traded down 0.11% during trading on Friday, reaching $28.53. 2,045,333 shares of the company’s stock were exchanged. Gramercy Property Trust has a 1-year low of $24.09 and a 1-year high of $30.09. The company has a market capitalization of $4.33 billion, a PE ratio of 112.32 and a beta of 0.54. The company’s 50-day moving average is $27.65 and its 200-day moving average is $26.88.
Gramercy Property Trust (NYSE:GPT) last announced its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $129.99 million for the quarter, compared to the consensus estimate of $126.88 million. Gramercy Property Trust had a negative net margin of 4.93% and a negative return on equity of 1.04%. Equities research analysts expect that Gramercy Property Trust will post ($0.11) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.50 annualized dividend and a yield of 5.25%. Gramercy Property Trust’s dividend payout ratio (DPR) is presently -263.13%.
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Several analysts recently issued reports on the company. Zacks Investment Research upgraded Gramercy Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, May 3rd. Finally, TheStreet downgraded Gramercy Property Trust from a “b-” rating to a “c+” rating in a report on Friday, March 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Gramercy Property Trust currently has an average rating of “Buy” and an average price target of $33.00.
Gramercy Property Trust Company Profile
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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