Citadel Advisors LLC Has $45.03 Million Position in Gramercy Property Trust (GPT)

Citadel Advisors LLC lifted its holdings in Gramercy Property Trust (NYSE:GPT) by 49.8% in the third quarter, Holdings Channel reports. The fund owned 1,640,974 shares of the real estate investment trust’s stock after purchasing an additional 545,417 shares during the quarter. Citadel Advisors LLC’s holdings in Gramercy Property Trust were worth $45,028,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in shares of Gramercy Property Trust in the 2nd quarter valued at about $146,000. Stratos Wealth Partners LTD. bought a new position in shares of Gramercy Property Trust in the 3rd quarter valued at about $168,000. Jane Street Group LLC bought a new position in shares of Gramercy Property Trust in the 2nd quarter valued at about $200,000. NN Investment Partners Holdings N.V. bought a new position in shares of Gramercy Property Trust in the 3rd quarter valued at about $223,000. Finally, Sumitomo Mitsui Asset Management Company LTD bought a new position in shares of Gramercy Property Trust in the 3rd quarter valued at about $230,000. 86.36% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:GPT opened at $27.48 on Tuesday. Gramercy Property Trust has a 12 month low of $21.12 and a 12 month high of $31.26.

Separately, Zacks Investment Research downgraded shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Monday, September 24th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $26.50.

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About Gramercy Property Trust

Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing high quality, income producing commercial real estate leased to high quality tenants in major markets in the United States and Europe.

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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)

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