Boston Partners reduced its position in Gramercy Property Trust (NYSE:GPT) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 509,083 shares of the real estate investment trust’s stock after selling 4,757 shares during the quarter. Boston Partners owned about 0.34% of Gramercy Property Trust worth $15,399,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Gramercy Property Trust by 389,160.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,764,543 shares of the real estate investment trust’s stock valued at $141,554,000 after purchasing an additional 4,763,319 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Gramercy Property Trust by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,069,749 shares of the real estate investment trust’s stock valued at $31,782,000 after purchasing an additional 48,313 shares during the last quarter. Prudential Financial Inc. raised its stake in Gramercy Property Trust by 425.9% in the 2nd quarter. Prudential Financial Inc. now owns 868,760 shares of the real estate investment trust’s stock valued at $25,811,000 after purchasing an additional 703,579 shares during the last quarter. BT Investment Management Ltd acquired a new position in Gramercy Property Trust in the 2nd quarter valued at $4,020,000. Finally, Public Employees Retirement System of Ohio raised its stake in Gramercy Property Trust by 0.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 58,547 shares of the real estate investment trust’s stock valued at $1,540,000 after purchasing an additional 209 shares during the last quarter. 87.35% of the stock is owned by hedge funds and other institutional investors.
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Several research firms recently commented on GPT. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, August 2nd. ValuEngine raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. BidaskClub upgraded Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, SunTrust Banks, Inc. set a $30.00 target price on Gramercy Property Trust and gave the company a “hold” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, three have assigned 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 target price of $31.25.
Shares of Gramercy Property Trust (NYSE GPT) opened at $28.90 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $4,714.07, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 2.02 and a beta of 0.57. Gramercy Property Trust has a twelve month low of $24.75 and a twelve month high of $31.26.
Gramercy Property Trust (NYSE:GPT) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). The company had revenue of $134.90 million during the quarter, compared to analysts’ expectations of $135.45 million. Gramercy Property Trust had a net margin of 14.10% and a return on equity of 2.60%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 earnings per share. equities research analysts anticipate that Gramercy Property Trust will post 2.07 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 5.19%. The ex-dividend date is Thursday, December 28th. Gramercy Property Trust’s payout ratio is currently 340.92%.
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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