Gramercy Property Trust (NYSE:GPT) Shares Sold by Ameriprise Financial Inc

Paterniano Del Favero
Luglio 23, 2017

TheStreet upgraded Gramercy Property Trust from a c+ rating to a b- rating in a research report on Monday, June 12th.

The following firms have also recently changed their position in GPT. Hartford Investment Management Co. purchased a new position in shares of Gramercy Property Trust during the first quarter valued at $4,905,000. Pensionfund DSM Netherlands purchased a new position in shares of Gramercy Property Trust during the first quarter valued at $2,148,000. Morgan Stanley increased its stake in shares of Camden Property Trust by 35.4% in the first quarter. They now have a United States dollars 7.5 price target on the stock. Finally, Thrivent Financial for Lutherans increased its stake in Gramercy Property Trust by 4.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 119,989 shares of the real estate investment trust's stock valued at $1,102,000 after buying an additional 5,300 shares during the period.

Shares of the company are trading at $30.06 which is slightly below $30.10, the stock's 50 day moving average and a tad higher than the 200 day moving average of $27.99. Menta Capital Llc acquired 66,202 shares as Photronics Inc (PLAB)'s stock declined 10.22%. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 118.23 and a beta of 0.58. The stock has a 50 day moving average price of $30.12 and a 200-day moving average price of $28.01.

Analysts await Gramercy Property Trust (NYSE:GPT) to report earnings on August, 1 after the close. They expect $0.52 earnings per share, down 17.46 % or $0.11 from last year's $0.63 per share. The firm had revenue of $129.99 million for the quarter, compared to analyst estimates of $126.88 million. Gramercy Property Trust had a net margin of 8.24% and a return on equity of 1.59%. Shareholders of record on Friday, June 30th will be given a dividend of 0.375 per share by the real estate investment trust on Friday, July 14th. This represents a $1.50 annualized dividend and a yield of 5.00%. The ex-dividend date was Wednesday the 28th of June 2017.

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Several research analysts recently weighed in on the company.

Gramercy Property Trust shares had a trading volume of 348K on Thursday. Compass Point maintained Gramercy Property Trust (NYSE:GPT) rating on Friday, December 18. Compass Point maintained the shares of GPT in report on Thursday, August 6 with "Buy" rating. Zacks Investment Research upgraded shares of Gramercy Property Trust from a "sell" rating to a "hold" rating in a research note on Monday, March 27th. UBS Asset Management Americas Inc. owned 0.19% of Gramercy Property Trust worth $7,251,000 at the end of the most recent quarter. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and an average target price of $33.33. Also, President Benjamin P. Harris sold 5,000 shares of Gramercy Property Trust stock in a transaction on Friday, June 30th. The stock was sold at an average price of $29.68, for a total transaction of $148,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

In related news, insider Nicholas L. Pell sold 11,350 shares of the business's stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $87.18, for a total value of $194,149.86. The disclosure for this sale can be found here.

Gramercy Property Trust is a real estate investment trust, which is an investor and asset manager of commercial real estate. Nuveen Asset Management LLC now owns 1,327,236 shares of the real estate investment trust's stock valued at $106,789,000 after buying an additional 105,014 shares in the last quarter. 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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