TIAA CREF Investment Management LLC Sells 28,629 Shares of Gramercy Property Trust (GPT)

TIAA CREF Investment Management LLC decreased its holdings in Gramercy Property Trust (NYSE:GPT) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 381,136 shares of the real estate investment trust’s stock after selling 28,629 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Gramercy Property Trust were worth $10,458,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Neuberger Berman Group LLC acquired a new position in shares of Gramercy Property Trust in the 3rd quarter valued at $204,000. Exane Asset Management raised its stake in shares of Gramercy Property Trust by 80.0% in the 3rd quarter. Exane Asset Management now owns 90,000 shares of the real estate investment trust’s stock valued at $2,470,000 after buying an additional 40,000 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Gramercy Property Trust by 2.5% in the 3rd quarter. AQR Capital Management LLC now owns 296,394 shares of the real estate investment trust’s stock valued at $8,133,000 after buying an additional 7,212 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Gramercy Property Trust by 1.7% in the 3rd quarter. Macquarie Group Ltd. now owns 2,017,815 shares of the real estate investment trust’s stock valued at $55,371,000 after buying an additional 34,502 shares in the last quarter. Finally, IndexIQ Advisors LLC raised its stake in shares of Gramercy Property Trust by 5.4% in the 3rd quarter. IndexIQ Advisors LLC now owns 611,415 shares of the real estate investment trust’s stock valued at $16,777,000 after buying an additional 31,161 shares in the last quarter. Institutional investors own 86.36% of the company’s stock.

Separately, Zacks Investment Research cut shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $26.50.

Shares of Gramercy Property Trust stock opened at $27.48 on Friday. Gramercy Property Trust has a 12-month low of $21.12 and a 12-month high of $31.26.

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Gramercy Property Trust Company Profile

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.

Further Reading: How Investors Use a Balance Sheet

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

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