Press coverage about Gramercy Property Trust (NYSE:GPT) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gramercy Property Trust earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.8684041547147 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Critical Review: Boston Properties (BXP) vs. Gramercy Property Trust (GPT) (americanbankingnews.com)
- Gramercy Property Trust to Release Third Quarter 2017 Financial Results on October 31, 2017 – Business Wire (press release) (businesswire.com)
- Critical Analysis: Gramercy Property Trust (GPT) & Paramount Group (PGRE) (americanbankingnews.com)
- Cold-storage warehouse in Pilsen fetches $62 million (chicagobusiness.com)
GPT has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. ValuEngine upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a report on Friday, September 1st. BidaskClub lowered shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Finally, TheStreet upgraded shares of Gramercy Property Trust from a “c+” rating to a “b-” rating in a report on Monday, June 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Gramercy Property Trust has a consensus rating of “Hold” and a consensus target price of $31.67.
Gramercy Property Trust (NYSE:GPT) opened at 30.85 on Monday. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 293.81 and a beta of 0.58. Gramercy Property Trust has a one year low of $24.09 and a one year high of $31.19. The firm has a 50-day moving average of $30.20 and a 200-day moving average of $29.18.
Gramercy Property Trust (NYSE:GPT) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.02). The firm had revenue of $131.40 million for the quarter, compared to the consensus estimate of $136.30 million. Gramercy Property Trust had a return on equity of 0.81% and a net margin of 4.35%. Gramercy Property Trust’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share. Analysts anticipate that Gramercy Property Trust will post ($0.11) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Thursday, September 28th. Gramercy Property Trust’s dividend payout ratio is currently 1,666.85%.
In other Gramercy Property Trust news, President Benjamin P. Harris sold 9,000 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $30.50, for a total value of $274,500.00. Following the completion of the sale, the president now directly owns 96,101 shares of the company’s stock, valued at approximately $2,931,080.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.36% of the stock is currently owned by corporate insiders.
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About Gramercy Property Trust
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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