Analyst Earnings Estimates Coverage: Gramercy Property Trust, Inc. (GPT)

The firm owned 2,090,004 shares of the real estate investment trust's stock after buying an additional 976,554 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.09% of Gramercy Property Trust worth $4,027,000 as of its most recent SEC filing. These holdings make up 81.05% of the company's outstanding shares. Vanguard Group Inc. raised its holdings in shares of Gramercy Property Trust by 6.5% in the 2nd quarter. Technical traders may be watching this reading to identify bearish momentum on the stock. Narrowing in on Moving Averages, the 200-day for General Property Trust (GPT.AX) is at 4.99, the 50-day is 4.97, and the 7-day is resting at 5.01. BlackRock Inc. now owns 13,137,418 shares of the real estate investment trust's stock valued at $390,312,000 after purchasing an additional 922,014 shares during the period.

Following a recent market check, we have noticed that the -Directional Indicator is above the +Directional Indicator on shares of Gramercy Property Trust (GPT). The correct version of this piece can be accessed at Their 52-Week High and Low are noted here. Bank of America downgraded the stock to "Sell" rating in Wednesday, August 16 report. The company had revenue of $131.40 million during the quarter, compared to analysts' expectations of $136.30 million. Gramercy Property Trust had a negative net margin of 4.93% and a negative return on equity of 1.03%. The business's quarterly revenue was up 101.1% compared to the same quarter a year ago. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Analysts forecast earnings per share of $0.54, exactly $0.00 or 0.00 % from 2014's $0.54 EPS. Stockholders of record on Friday, September 29th were issued a dividend of $0.375 per share. This represents a $0.50 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend is Wednesday, December 28th. Gramercy Property Trust's dividend payout ratio (DPR) is now -231.58%.

Several other institutional investors also recently made changes to their positions in GPT. Ladenburg Thalmann Financial Services reaffirmed a "buy" rating on shares of Gramercy Property Trust in a report on Friday, September 1st. Institutions are now holders of 91.40% of the shares.

The analysts offering 12 month price targets for Gramercy Property Trust, Inc. have a median target of $31, with a high estimate of $36 and a low estimate of $24. The biggest holder now is Mr. Gordan F. Dugan who owns 596,677 shares (0.37% of those outstanding), whilst Mr. Jack A. Cuneo holds 558,674 (0.35% of shares outstanding) and Mr. Philip L. Kianka holds 334,627 (0.21% of shares outstanding). JMP Securities reiterated a "buy" rating on shares of Gramercy Property Trust in a research report on Tuesday, September 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company's stock.

In terms of earnings per share, 5 analysts have a 0.10 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 3 analysts have a 0.10 EPS mean target and for the quarter ending Mar-18 there are 4 estimates of 0.24 EPS. The shares were sold at an average price of $30.50, for a total value of $274,500.00.

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