News stories about Gramercy Property Trust (NYSE:GPT) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gramercy Property Trust earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 47.4601666159298 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Brokers Set Expectations for Gramercy Property Trust’s Q3 2017 Earnings (GPT) (americanbankingnews.com)
- Lexington Realty Has Lost Some Sizzle Fo’ Shizzle – Seeking Alpha (seekingalpha.com)
- Gramercy Property Trust (GPT) Shares Needle Moving -0.89% – Sparta Review (spartareview.com)
- $137.37 Million in Sales Expected for Gramercy Property Trust (GPT) This Quarter (americanbankingnews.com)
- Gramercy Property Trust (GPT) vs. Corporate Office Properties Trust (OFC) Head-To-Head Analysis (americanbankingnews.com)
Shares of Gramercy Property Trust (GPT) opened at 28.74 on Friday. The stock has a 50 day moving average price of $29.84 and a 200-day moving average price of $28.26. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 273.71 and a beta of 0.58. Gramercy Property Trust has a 52 week low of $24.09 and a 52 week high of $31.19.
Gramercy Property Trust (NYSE:GPT) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.02. Gramercy Property Trust had a net margin of 4.35% and a return on equity of 0.81%. The firm had revenue of $131.40 million during the quarter, compared to analysts’ expectations of $136.30 million. During the same period in the previous year, the business earned $0.18 earnings per share. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, analysts anticipate that Gramercy Property Trust will post ($0.11) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Thursday, September 28th. Gramercy Property Trust’s payout ratio is currently 1,666.85%.
A number of research firms have recently commented on GPT. JMP Securities cut Gramercy Property Trust from a “market outperform” rating to a “market perform” rating in a research report on Monday, July 17th. TheStreet lowered Gramercy Property Trust from a “b-” rating to a “c” rating in a research note on Tuesday, August 1st. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, August 2nd. BidaskClub raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, ValuEngine raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $33.50.
In other Gramercy Property Trust news, insider Nicholas L. Pell sold 11,350 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $29.53, for a total transaction of $335,165.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Benjamin P. Harris sold 5,000 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $29.68, for a total value of $148,400.00. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.
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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