Traders Sell Gramercy Property Trust (GPT) on Strength (GPT)

Traders sold shares of Gramercy Property Trust (NYSE:GPT) on strength during trading hours on Wednesday. $5.74 million flowed into the stock on the tick-up and $53.84 million flowed out of the stock on the tick-down, for a money net flow of $48.10 million out of the stock. Of all companies tracked, Gramercy Property Trust had the 0th highest net out-flow for the day. Gramercy Property Trust traded up $0.02 for the day and closed at $30.68

A number of research analysts recently weighed in on GPT shares. Zacks Investment Research lowered Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. BidaskClub lowered Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. ValuEngine raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. TheStreet lowered Gramercy Property Trust from a “b-” rating to a “c” rating in a report on Tuesday, August 1st. Finally, Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $31.67.

Gramercy Property Trust (NYSE:GPT) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.02). Gramercy Property Trust had a return on equity of 0.81% and a net margin of 4.35%. The firm had revenue of $131.40 million during the quarter, compared to the consensus estimate of $136.30 million. During the same period in the prior year, the firm posted $0.18 EPS. The firm’s quarterly revenue was down 5.7% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Thursday, September 28th. Gramercy Property Trust’s dividend payout ratio is presently 1,666.85%.

In other news, President Benjamin P. Harris sold 9,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $30.50, for a total value of $274,500.00. Following the sale, the president now owns 96,101 shares of the company’s stock, valued at approximately $2,931,080.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Gramercy Property Trust by 6.5% in the 2nd quarter. Vanguard Group Inc. now owns 23,462,198 shares of the real estate investment trust’s stock worth $697,062,000 after buying an additional 1,437,301 shares in the last quarter. BlackRock Inc. raised its stake in shares of Gramercy Property Trust by 7.5% in the 2nd quarter. BlackRock Inc. now owns 13,137,418 shares of the real estate investment trust’s stock worth $390,312,000 after buying an additional 922,014 shares in the last quarter. Brookfield Asset Management Inc. raised its stake in shares of Gramercy Property Trust by 38.7% in the 2nd quarter. Brookfield Asset Management Inc. now owns 4,866,358 shares of the real estate investment trust’s stock worth $144,579,000 after buying an additional 1,357,618 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Gramercy Property Trust by 389,160.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,764,543 shares of the real estate investment trust’s stock worth $141,554,000 after buying an additional 4,763,319 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Gramercy Property Trust by 9.4% in the 2nd quarter. State Street Corp now owns 3,895,312 shares of the real estate investment trust’s stock worth $115,732,000 after buying an additional 334,865 shares in the last quarter. 87.09% of the stock is currently owned by institutional investors.

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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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