Caisse DE Depot ET Placement DU Quebec bought a new stake in Gramercy Property Trust (NYSE:GPT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 410,000 shares of the real estate investment trust’s stock, valued at approximately $11,201,000.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in Gramercy Property Trust by 0.3% in the first quarter. BlackRock Inc. now owns 14,439,809 shares of the real estate investment trust’s stock valued at $313,778,000 after purchasing an additional 41,861 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Gramercy Property Trust in the second quarter valued at $16,017,000. Harvest Management LLC bought a new position in Gramercy Property Trust in the second quarter valued at $410,000. First Foundation Advisors bought a new position in Gramercy Property Trust in the first quarter valued at $44,312,000. Finally, A.R.T. Advisors LLC grew its position in Gramercy Property Trust by 1,064.0% in the first quarter. A.R.T. Advisors LLC now owns 152,501 shares of the real estate investment trust’s stock valued at $3,313,000 after purchasing an additional 139,400 shares in the last quarter. 85.90% of the stock is owned by institutional investors and hedge funds.
In other news, President Benjamin P. Harris sold 25,000 shares of Gramercy Property Trust stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $27.66, for a total value of $691,500.00. Following the completion of the transaction, the president now owns 64,730 shares of the company’s stock, valued at approximately $1,790,431.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.
GPT has been the subject of a number of analyst reports. LADENBURG THALM/SH SH reissued a “neutral” rating on shares of Gramercy Property Trust in a research report on Thursday, May 31st. Citigroup downgraded shares of Gramercy Property Trust to a “neutral” rating and set a $27.50 price objective for the company. in a research report on Tuesday, July 10th. Zacks Investment Research raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Thursday, July 5th. Finally, Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of Gramercy Property Trust in a research report on Tuesday, July 10th. Nine analysts have rated the stock with a hold rating, Gramercy Property Trust currently has an average rating of “Hold” and a consensus target price of $26.50.
Shares of GPT opened at $27.41 on Friday. Gramercy Property Trust has a one year low of $21.12 and a one year high of $31.26. The stock has a market capitalization of $4.40 billion, a PE ratio of 13.37, a PEG ratio of 1.94 and a beta of 0.75. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 0.96.
Gramercy Property Trust (NYSE:GPT) last announced its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Gramercy Property Trust had a net margin of 20.65% and a return on equity of 3.93%. The company had revenue of $145.60 million during the quarter, compared to the consensus estimate of $148.34 million. research analysts forecast that Gramercy Property Trust will post 2.02 earnings per share for the current fiscal year.
Gramercy Property Trust Profile
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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