Gramercy Property Trust (GPT) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in Gramercy Property Trust (NYSE:GPT) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,582,234 shares of the real estate investment trust’s stock after buying an additional 42,792 shares during the quarter. Principal Financial Group Inc. owned approximately 2.36% of Gramercy Property Trust worth $108,362,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Suntrust Banks Inc. raised its position in shares of Gramercy Property Trust by 0.3% in the 2nd quarter. Suntrust Banks Inc. now owns 26,766 shares of the real estate investment trust’s stock worth $794,000 after acquiring an additional 80 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Gramercy Property Trust by 0.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 58,547 shares of the real estate investment trust’s stock worth $1,540,000 after acquiring an additional 209 shares in the last quarter. Advisor Group Inc. raised its position in shares of Gramercy Property Trust by 1.5% in the 2nd quarter. Advisor Group Inc. now owns 20,752 shares of the real estate investment trust’s stock worth $506,000 after acquiring an additional 315 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of Gramercy Property Trust by 16.1% in the 2nd quarter. Penserra Capital Management LLC now owns 3,914 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 542 shares in the last quarter. Finally, People s United Financial Inc. raised its position in shares of Gramercy Property Trust by 1.9% in the 2nd quarter. People s United Financial Inc. now owns 36,657 shares of the real estate investment trust’s stock worth $1,089,000 after acquiring an additional 698 shares in the last quarter. 87.21% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the company. ValuEngine raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Thursday. SunTrust Banks, Inc. set a $30.00 target price on Gramercy Property Trust and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gramercy Property Trust in a research report on Wednesday, November 1st. Stifel Nicolaus reissued a “buy” rating and issued a $31.00 target price on shares of Gramercy Property Trust in a research report on Tuesday, August 22nd. Finally, Bank of America Corporation lowered Gramercy Property Trust from a “neutral” rating to an “underperform” rating and set a $30.00 target price for the company. in a research report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.25.

In related news, President Benjamin P. Harris sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $30.50, for a total transaction of $274,500.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this link. 0.96% of the stock is owned by company insiders.

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Gramercy Property Trust (NYSE:GPT) opened at $29.03 on Friday. Gramercy Property Trust has a 52-week low of $24.30 and a 52-week high of $31.26. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market capitalization of $4,664.28, a P/E ratio of 14.44, a P/E/G ratio of 2.00 and a beta of 0.57.

Gramercy Property Trust (NYSE:GPT) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). Gramercy Property Trust had a net margin of 14.10% and a return on equity of 2.60%. The company had revenue of $134.90 million for the quarter, compared to the consensus estimate of $135.45 million. During the same period last year, the business earned $0.16 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. equities analysts forecast that Gramercy Property Trust will post 2.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend is Thursday, December 28th. Gramercy Property Trust’s dividend payout ratio (DPR) is presently 340.92%.

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.

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

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