Two Sigma Investments LP raised its position in Gramercy Property Trust (NYSE:GPT) by 190.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 311,651 shares of the real estate investment trust’s stock after purchasing an additional 204,264 shares during the quarter. Two Sigma Investments LP owned 0.19% of Gramercy Property Trust worth $8,309,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in GPT. Swiss National Bank raised its holdings in shares of Gramercy Property Trust by 1.4% in the 3rd quarter. Swiss National Bank now owns 253,984 shares of the real estate investment trust’s stock worth $7,683,000 after purchasing an additional 3,500 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Gramercy Property Trust by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,083,594 shares of the real estate investment trust’s stock worth $32,779,000 after purchasing an additional 13,845 shares during the period. Comerica Bank purchased a new stake in shares of Gramercy Property Trust during the 3rd quarter valued at about $862,000. Russell Investments Group Ltd. raised its holdings in shares of Gramercy Property Trust by 5.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 349,938 shares of the real estate investment trust’s stock valued at $10,584,000 after buying an additional 18,035 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Gramercy Property Trust by 362.2% during the 3rd quarter. SG Americas Securities LLC now owns 46,916 shares of the real estate investment trust’s stock valued at $1,419,000 after buying an additional 36,765 shares during the period. Institutional investors own 91.21% of the company’s stock.
Shares of GPT stock opened at $22.23 on Wednesday. The company has a market capitalization of $3,614.40, a PE ratio of 10.97, a P/E/G ratio of 2.45 and a beta of 0.59. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.75. Gramercy Property Trust has a twelve month low of $21.12 and a twelve month high of $31.26.
Gramercy Property Trust (NYSE:GPT) last announced its earnings results on Wednesday, February 28th. The real estate investment trust reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Gramercy Property Trust had a return on equity of 2.93% and a net margin of 15.64%. The business had revenue of $149.00 million for the quarter, compared to the consensus estimate of $139.00 million. During the same period last year, the business posted $0.51 EPS. The company’s revenue was up 18.1% on a year-over-year basis. research analysts predict that Gramercy Property Trust will post 2.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be issued a dividend of $0.375 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.50 annualized dividend and a yield of 6.75%. Gramercy Property Trust’s dividend payout ratio is presently 294.12%.
In other Gramercy Property Trust news, President Benjamin P. Harris sold 6,371 shares of Gramercy Property Trust stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $26.73, for a total transaction of $170,296.83. Following the sale, the president now directly owns 89,730 shares in the company, valued at approximately $2,398,482.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.36% of the stock is owned by insiders.
Several brokerages recently commented on GPT. Royal Bank of Canada set a $26.00 target price on Gramercy Property Trust and gave the company a “hold” rating in a report on Wednesday, March 7th. Zacks Investment Research downgraded Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Friday, March 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $25.00 target price (down from $31.00) on shares of Gramercy Property Trust in a report on Thursday, March 1st. ValuEngine downgraded Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, SunTrust Banks set a $28.00 target price on Gramercy Property Trust and gave the company a “hold” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.60.
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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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