Gramercy Property Trust (GPT) Holdings Lifted by California Public Employees Retirement System

California Public Employees Retirement System raised its position in Gramercy Property Trust (NYSE:GPT) by 5.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 275,796 shares of the real estate investment trust’s stock after buying an additional 14,400 shares during the period. California Public Employees Retirement System owned about 0.18% of Gramercy Property Trust worth $8,194,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GPT. Penserra Capital Management LLC increased its holdings in Gramercy Property Trust by 16.1% in the second quarter. Penserra Capital Management LLC now owns 3,914 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 542 shares in the last quarter. Wittenberg Investment Management Inc. purchased a new stake in shares of Gramercy Property Trust during the second quarter worth about $213,000. GW&K Investment Management LLC purchased a new stake in shares of Gramercy Property Trust during the second quarter worth about $218,000. Karp Capital Management Corp purchased a new stake in shares of Gramercy Property Trust during the first quarter worth about $256,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Gramercy Property Trust during the second quarter worth about $258,000. 87.09% of the stock is owned by institutional investors.

In other Gramercy Property Trust news, President Benjamin P. Harris sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $30.50, for a total transaction of $274,500.00. Following the completion of the transaction, the president now directly owns 96,101 shares in the company, valued at approximately $2,931,080.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.36% of the company’s stock.

Shares of Gramercy Property Trust (NYSE GPT) opened at 30.66 on Wednesday. The stock’s 50 day moving average is $30.30 and its 200-day moving average is $29.30. The stock has a market cap of $4.66 billion, a PE ratio of 292.00 and a beta of 0.58. Gramercy Property Trust has a 1-year low of $24.09 and a 1-year high of $31.22.

Gramercy Property Trust (NYSE:GPT) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.02). The company had revenue of $131.40 million during the quarter, compared to analysts’ expectations of $136.30 million. Gramercy Property Trust had a net margin of 4.35% and a return on equity of 0.81%. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 EPS. On average, analysts predict that Gramercy Property Trust will post ($0.11) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.89%. Gramercy Property Trust’s dividend payout ratio is presently 1,666.85%.

GPT has been the subject of a number of research reports. Zacks Investment Research cut shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. BidaskClub cut shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. ValuEngine raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. TheStreet cut shares of Gramercy Property Trust from a “b-” rating to a “c” rating in a research note on Tuesday, August 1st. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $31.67.

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A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GPT. Penserra Capital Management LLC increased its holdings in Gramercy Property Trust by 16.1% in the second quarter. Penserra Capital Management LLC now owns 3,914 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 542 shares in the last quarter. Wittenberg Investment Management Inc. purchased a new stake in shares of Gramercy Property Trust during the second quarter worth about $213,000. GW&K Investment Management LLC purchased a new stake in shares of Gramercy Property Trust during the second quarter worth about $218,000. Karp Capital Management Corp purchased a new stake in shares of Gramercy Property Trust during the first quarter worth about $256,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Gramercy Property Trust during the second quarter worth about $258,000. 87.09% of the stock is owned by institutional investors.

In other Gramercy Property Trust news, President Benjamin P. Harris sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $30.50, for a total transaction of $274,500.00. Following the completion of the transaction, the president now directly owns 96,101 shares in the company, valued at approximately $2,931,080.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.36% of the company’s stock.

Shares of Gramercy Property Trust (NYSE GPT) opened at 30.66 on Wednesday. The stock’s 50 day moving average is $30.30 and its 200-day moving average is $29.30. The stock has a market cap of $4.66 billion, a PE ratio of 292.00 and a beta of 0.58. Gramercy Property Trust has a 1-year low of $24.09 and a 1-year high of $31.22.

Gramercy Property Trust (NYSE:GPT) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.02). The company had revenue of $131.40 million during the quarter, compared to analysts’ expectations of $136.30 million. Gramercy Property Trust had a net margin of 4.35% and a return on equity of 0.81%. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 EPS. On average, analysts predict that Gramercy Property Trust will post ($0.11) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.89%. Gramercy Property Trust’s dividend payout ratio is presently 1,666.85%.

GPT has been the subject of a number of research reports. Zacks Investment Research cut shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. BidaskClub cut shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. ValuEngine raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. TheStreet cut shares of Gramercy Property Trust from a “b-” rating to a “c” rating in a research note on Tuesday, August 1st. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $31.67.

TRADEMARK VIOLATION WARNING: This report was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/11/gramercy-property-trust-gpt-holdings-lifted-by-california-public-employees-retirement-system.html.

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.

Institutional Ownership by Quarter for Gramercy Property Trust (NYSE:GPT)

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