Lido Advisors LLC Invests $667,000 in Gramercy Property Trust (GPT) Stock

Lido Advisors LLC acquired a new stake in shares of Gramercy Property Trust (NYSE:GPT) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 22,481 shares of the real estate investment trust’s stock, valued at approximately $667,000.

A number of other hedge funds also recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its holdings in shares of Gramercy Property Trust by 7.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 40,666 shares of the real estate investment trust’s stock worth $1,228,000 after purchasing an additional 2,981 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Gramercy Property Trust by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,075,532 shares of the real estate investment trust’s stock worth $62,784,000 after purchasing an additional 33,325 shares in the last quarter. Moody Aldrich Partners LLC increased its holdings in shares of Gramercy Property Trust by 13.0% in the 3rd quarter. Moody Aldrich Partners LLC now owns 68,203 shares of the real estate investment trust’s stock worth $2,063,000 after purchasing an additional 7,830 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Gramercy Property Trust by 5.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,008,191 shares of the real estate investment trust’s stock worth $30,498,000 after purchasing an additional 55,309 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Gramercy Property Trust by 1.3% in the 3rd quarter. Wells Fargo & Company MN now owns 2,361,260 shares of the real estate investment trust’s stock worth $71,429,000 after purchasing an additional 29,440 shares in the last quarter. 92.23% of the stock is owned by institutional investors.

Gramercy Property Trust (GPT) traded down $0.17 during midday trading on Tuesday, reaching $28.37. The company had a trading volume of 706,100 shares, compared to its average volume of 945,762. The stock has a market capitalization of $4,585.54, a P/E ratio of 14.20, a PEG ratio of 1.99 and a beta of 0.54. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.76. Gramercy Property Trust has a 12 month low of $24.90 and a 12 month high of $31.26.

Gramercy Property Trust (NYSE:GPT) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). The company had revenue of $134.90 million for the quarter, compared to analysts’ expectations of $135.45 million. Gramercy Property Trust had a net margin of 14.10% and a return on equity of 2.60%. 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 firm posted $0.16 earnings per share. sell-side analysts anticipate that Gramercy Property Trust will post 2.05 earnings per share for the current fiscal year.

The business also recently announced 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. The ex-dividend date is Thursday, December 28th. This represents a $1.50 annualized dividend and a yield of 5.29%. Gramercy Property Trust’s dividend payout ratio (DPR) is presently 340.92%.

A number of equities analysts have recently issued reports on GPT shares. SunTrust Banks set a $30.00 price target on Gramercy Property Trust and gave the stock a “hold” rating in a research note on Tuesday, October 31st. ValuEngine upgraded Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. BidaskClub upgraded Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded Gramercy Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $31.25.

In related news, President Benjamin P. Harris sold 9,000 shares of Gramercy Property Trust stock in a transaction 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 directly owns 96,101 shares in the company, valued at $2,931,080.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.36% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: “Lido Advisors LLC Invests $667,000 in Gramercy Property Trust (GPT) Stock” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.com-unik.info/2017/12/05/lido-advisors-llc-invests-667000-in-gramercy-property-trust-gpt-stock.html.

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.

Want to see what other hedge funds are holding GPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gramercy Property Trust (NYSE:GPT).

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

What are top analysts saying about Gramercy Property Trust? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Gramercy Property Trust and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit