Gramercy Property Trust (GPT) Getting Somewhat Positive News Coverage, Analysis Finds

Media coverage about Gramercy Property Trust (NYSE:GPT) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 0.08 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.9896123842596 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Several brokerages have recently commented on GPT. Stifel Nicolaus reissued a “buy” rating and issued a $31.00 target price on shares of Gramercy Property Trust in a report on Tuesday, August 22nd. Bank of America downgraded Gramercy Property Trust from a “neutral” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a report on Wednesday, August 16th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gramercy Property Trust in a report on Friday, September 1st. Zacks Investment Research downgraded Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Finally, BidaskClub downgraded Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $31.25.

Shares of Gramercy Property Trust (GPT) traded up $0.09 during trading on Thursday, hitting $27.86. 758,518 shares of the company’s stock traded hands, compared to its average volume of 945,810. The company has a market cap of $4,452.18, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.93 and a beta of 0.54. Gramercy Property Trust has a 52 week low of $24.90 and a 52 week high of $31.26. 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 (NYSE:GPT) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The business had revenue of $134.90 million for the quarter, compared to the consensus estimate of $135.45 million. Gramercy Property Trust had a net margin of 14.10% and a return on equity of 2.60%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. research analysts forecast that Gramercy Property Trust will post 2.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend is Thursday, December 28th. Gramercy Property Trust’s payout ratio is 340.92%.

In related news, President Benjamin P. Harris sold 9,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $30.50, for a total value of $274,500.00. Following the completion of the sale, the president now owns 96,101 shares in the company, valued at approximately $2,931,080.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.96% of the company’s stock.

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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.

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