Gramercy Property Trust Inc. (NYSE:GPT) – Stock analysts at SunTrust Banks issued their Q1 2017 earnings per share (EPS) estimates for Gramercy Property Trust in a report released on Monday. SunTrust Banks analyst K. Kim expects that the brokerage will earn $0.17 per share for the quarter. SunTrust Banks also issued estimates for Gramercy Property Trust’s Q2 2017 earnings at $0.18 EPS, Q3 2017 earnings at $0.19 EPS and Q4 2017 earnings at $0.19 EPS.

Other research analysts have also recently issued research reports about the stock. Compass Point upped their target price on shares of Gramercy Property Trust from $10.25 to $11.50 and gave the company a “buy” rating in a report on Thursday, August 4th. JMP Securities reiterated a “buy” rating on shares of Gramercy Property Trust in a research note on Tuesday, September 13th. Zacks Investment Research upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Monday, August 15th. TheStreet cut shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Mitsubishi UFJ Financial Group assumed coverage on shares of Gramercy Property Trust in a research note on Tuesday, June 28th. They set an “overweight” rating and a $10.50 price target for the company. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $9.96.

Earnings History and Estimates for Gramercy Property Trust (NYSE:GPT)

Gramercy Property Trust (NYSE:GPT) traded up 1.400% on Wednesday, reaching $9.055. 3,673,833 shares of the company’s stock were exchanged. The company’s market capitalization is $3.82 billion. Gramercy Property Trust has a 1-year low of $6.50 and a 1-year high of $10.03. The firm has a 50-day moving average price of $9.41 and a 200-day moving average price of $9.18.

Gramercy Property Trust (NYSE:GPT) last released its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Gramercy Property Trust had a negative net margin of 3.93% and a negative return on equity of 0.89%. The company earned $139.43 million during the quarter, compared to analysts’ expectations of $54.15 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. The firm’s revenue for the quarter was up 157.7% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.44 dividend on an annualized basis and a yield of 4.93%. Gramercy Property Trust’s payout ratio is currently -293.31%.

In other news, Director Thomas D. Eckert acquired 10,000 shares of the business’s stock in a transaction on Friday, September 16th. The stock was bought at an average price of $9.27 per share, for a total transaction of $92,700.00. Following the transaction, the director now owns 89,225 shares in the company, valued at $827,115.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Benjamin P. Harris sold 100,000 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $9.55, for a total transaction of $955,000.00. Following the transaction, the president now owns 394,141 shares of the company’s stock, valued at approximately $3,764,046.55. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Mariner Wealth Advisors LLC increased its position in shares of Gramercy Property Trust by 1.3% in the second quarter. Mariner Wealth Advisors LLC now owns 10,884 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 140 shares during the last quarter. BB&T Securities LLC increased its position in shares of Gramercy Property Trust by 0.5% in the first quarter. BB&T Securities LLC now owns 12,748 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 58 shares in the last quarter. Sii Investments Inc. WI bought a new position in shares of Gramercy Property Trust during the second quarter worth about $109,000. Paragon Capital Management Ltd bought a new position in shares of Gramercy Property Trust during the second quarter worth about $110,000. Finally, Trutina Financial LLC bought a new position in shares of Gramercy Property Trust during the second quarter worth about $113,000. Institutional investors own 82.83% of the company’s stock.

Gramercy Property Trust Company Profile

Gramercy Property Trust, formerly Chambers Street Properties, is a real estate investment trust, which operates as 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 the Company’s activities related to the investment and ownership of commercial properties located throughout the United States and Europe.

5 Day Chart for NYSE:GPT

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