Economy

Investors Sell Gramercy Property Trust (GPT) on Strength (GPT)

3,571,715 shares of the stock were exchanged.

Many hedge fund investors and Institutions have lately purchased or disposed their positions in GPT. Westpac Banking held 0.09% of Gramercy Property Trust valued $4,020,000 during the latest fiscal quarter. Public Employees Retirement System of OH now owns 58,547 shares of the real estate investment trust's stock valued at $1,540,000 after buying an additional 209 shares in the last quarter. Teacher Retirement System of Texas now owns 11,942 shares of the real estate investment trust's stock worth $355,000 after purchasing an additional 702 shares in the last quarter. Year to Date (YTD) performance of Gramercy Property Trust Inc. BlackRock Inc. now owns 12,215,404 shares of the real estate investment trust's stock valued at $321,267,000 after purchasing an additional 11,219,518 shares during the period. Wedbush Securities Inc. lifted its position in shares of Gramercy Property Trust by 9.0% in the second quarter. APG Asset Management US has an ownership of 2,142,097 stocks of the real estate investment trust's shares valued at $63,642,000 following acquiring an extra 600,000 stocks in the previous period. Finally, Palisade Capital Management LLC NJ lifted its position in shares of Gramercy Property Trust by 1.0% in the second quarter. Ltd. now owns 22,770 shares of the real estate investment trust's stock worth $676,000 after purchasing an additional 1,348 shares in the last quarter. BidaskClub upgraded shares of Gramercy Property Trust from a "hold" rating to a "buy" rating in a report on Tuesday, August 8th. TheStreet cut shares of Gramercy Property Trust from a b- rating to a c rating in a report on Tuesday, August 1st. Compass Point reissued a "buy" recommendation and fixed a $34.00 price objective (up prior from $30.00) on stocks of Gramercy Property Trust in a note on Mon, Jun 19th. Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Gramercy Property Trust now has an average rating of "Hold" and an average price target of $31.67.

Traders sold shares of Gramercy Property Trust (NYSE:GPT) on strength during trading hours on Monday. 1,316,117 shares of the company traded hands.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. Gramercy Property Trust has a 52-week low of $21.00 and a 52-week high of $30.09. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.02). The company posted earnings of $131.40 M for the period compared to the average forecast of $136.30 M. Gramercy Property Trust had a net profit margin of 4.35% and a ROE of 0.81%.

Tenet Healthcare Corp. (THC) have shown a high EPS growth of -39.90% in the last 5 years and has earnings decline of -31.50% yoy.

Several equities research analysts have recently weighed in on the company.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.375 dividend. The dividend will be $0.375 per share for the quarter which comes to $1.50 on an annualized basis. The ex-dividend date is Thursday, September 28th. Gramercy Property Trust's dividend payout ratio is presently 1,666.85%. If you are accessing this article on another publication, it was illegally stolen and republished in violation of U.S. & worldwide trademark & copyright law.

TRADEMARK VIOLATION NOTICE: "Gramercy Property Trust (NYSE:GPT) Given "Buy" Rating at Ladenburg Thalmann Financial Services" was first posted by StockNewsTimes and is owned by of StockNewsTimes. Also, President Benjamin P. Harris sold 15,000 shares of the business's stock in a transaction that occurred on Friday, December 23rd. The shares were sold on September 12th for an average price of $30.50. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Following the transaction, the president now directly owns 379,141 shares in the company, valued at approximately $3,419,851.82. In the last quarter, insiders sold 25,350 shares of company stock valued at $758,066.

Gramercy Property Trust, formerly Chambers Street Properties, is a real estate investment trust, which operates as an investor and asset manager of commercial real estate. Market Cap is also the figure use to determine company's size, as opposed to using sales or total asset figures. The Company earns revenues through rental revenues on properties that it owns in the United States and asset management revenues on properties owned by third parties in the United States and Europe.



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