Gramercy Property Trust (GPT) Shares Sold by Strs Ohio

Strs Ohio lowered its stake in shares of Gramercy Property Trust (NYSE:GPT) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 233,414 shares of the real estate investment trust’s stock after selling 4,636 shares during the quarter. Strs Ohio owned about 0.15% of Gramercy Property Trust worth $7,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pier 88 Investment Partners LLC purchased a new position in shares of Gramercy Property Trust during the third quarter valued at about $2,172,000. Narwhal Capital Management increased its position in shares of Gramercy Property Trust by 542.3% during the third quarter. Narwhal Capital Management now owns 59,575 shares of the real estate investment trust’s stock valued at $1,802,000 after buying an additional 50,300 shares during the period. Quantitative Systematic Strategies LLC increased its position in shares of Gramercy Property Trust by 37.2% during the third quarter. Quantitative Systematic Strategies LLC now owns 16,233 shares of the real estate investment trust’s stock valued at $491,000 after buying an additional 4,400 shares during the period. Eqis Capital Management Inc. purchased a new position in shares of Gramercy Property Trust during the third quarter valued at about $267,000. Finally, Brookfield Asset Management Inc. increased its position in shares of Gramercy Property Trust by 38.7% during the second quarter. Brookfield Asset Management Inc. now owns 4,866,358 shares of the real estate investment trust’s stock valued at $144,579,000 after buying an additional 1,357,618 shares during the period. Institutional investors own 86.84% of the company’s stock.

Shares of Gramercy Property Trust (NYSE:GPT) opened at 30.19 on Friday. The firm has a 50-day moving average of $30.54 and a 200-day moving average of $29.65. Gramercy Property Trust has a one year low of $24.09 and a one year high of $31.26. The stock has a market cap of $4.59 billion, a PE ratio of 287.52 and a beta of 0.58.

Gramercy Property Trust (NYSE:GPT) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The business had revenue of $131.40 million for the quarter, compared to analysts’ expectations of $136.30 million. Gramercy Property Trust had a net margin of 4.35% and a return on equity of 0.81%. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. On average, equities research analysts expect that Gramercy Property Trust will post ($0.11) earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date was Thursday, September 28th. Gramercy Property Trust’s dividend payout ratio (DPR) is 1,666.85%.

In other Gramercy Property Trust news, President Benjamin P. Harris sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $30.50, for a total transaction of $274,500.00. Following 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.96% of the company’s stock.

Several equities analysts recently issued reports on the stock. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a research report on Friday, September 1st. ValuEngine upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and set a $31.00 price target on shares of Gramercy Property Trust in a research report on Tuesday, August 22nd. Bank of America Corporation cut shares of Gramercy Property Trust from a “neutral” rating to an “underperform” rating and set a $30.00 price target on the stock. in a research report on Wednesday, August 16th. Finally, BidaskClub cut shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. 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 stock. Gramercy Property Trust has an average rating of “Hold” and an average target price of $31.67.

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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.

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

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