News articles about Gramercy Property Trust (NYSE:GPT) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Gramercy Property Trust earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.7375201825133 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Edited Transcript of GPT earnings conference call or presentation 1-Nov-17 3:00pm GMT (finance.yahoo.com)
- GPT Crosses Below Key Moving Average Level (nasdaq.com)
- Gramercy Property Trust (GPT) Declares $0.375 Quarterly Dividend; 5.1% Yield (streetinsider.com)
- Gramercy Property Trust : reports 3Q results (4-traders.com)
- Gramercy Property Trust, Inc (GPT) CEO Gordon DuGan on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
Gramercy Property Trust (NYSE:GPT) last announced its earnings results 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). The firm had revenue of $134.90 million for the quarter, compared to the consensus estimate of $135.45 million. Gramercy Property Trust had a return on equity of 2.69% and a net margin of 14.10%. Gramercy Property Trust’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.05%. Gramercy Property Trust’s dividend payout ratio (DPR) is currently 340.92%.
Several research analysts have commented on GPT shares. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gramercy Property Trust in a research report on Wednesday. ValuEngine raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 price target on shares of Gramercy Property Trust in a research report on Tuesday, August 22nd. BidaskClub raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, TheStreet downgraded Gramercy Property Trust from a “b-” rating to a “c” rating in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Gramercy Property Trust has an average rating of “Hold” and an average price target of $31.25.
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In other news, President Benjamin P. Harris sold 9,000 shares of the 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 transaction, the president now owns 96,101 shares in the company, valued at $2,931,080.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.96% of the stock is currently owned by company insiders.
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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