Gramercy Property Trust (GPT) Issues Q1 Earnings Guidance

Gramercy Property Trust (NYSE:GPT) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.50-0.51 for the period, compared to the Thomson Reuters consensus estimate of $0.53. The company issued revenue guidance of $128-130 million, compared to the consensus revenue estimate of $128.65 million.

Several research firms have recently weighed in on GPT. Ladenburg Thalmann Financial Services restated a buy rating on shares of Gramercy Property Trust in a research report on Wednesday, May 3rd. Zacks Investment Research raised shares of Gramercy Property Trust from a sell rating to a hold rating in a research note on Wednesday, May 3rd. Finally, TheStreet raised shares of Gramercy Property Trust from a c rating to a b- rating in a research note on Wednesday, March 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $33.00.

Earnings History and Estimates for Gramercy Property Trust (NYSE:GPT)

Shares of Gramercy Property Trust (NYSE:GPT) opened at 28.53 on Friday. Gramercy Property Trust has a 52-week low of $24.09 and a 52-week high of $30.09. The stock has a 50 day moving average of $27.65 and a 200-day moving average of $26.88. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 112.32 and a beta of 0.54.

Gramercy Property Trust (NYSE:GPT) last released 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. Gramercy Property Trust had a negative return on equity of 1.04% and a negative net margin of 4.93%. The business had revenue of $129.99 million during the quarter, compared to analysts’ expectations of $126.88 million. On average, equities research analysts predict that Gramercy Property Trust will post ($0.11) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be paid a $0.375 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.50 dividend on an annualized basis and a yield of 5.25%. Gramercy Property Trust’s dividend payout ratio (DPR) is presently -263.13%.

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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.

12 Month Chart for NYSE:GPT

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