Jon W. Clark Purchases 2,400 Shares of Gramercy Property Trust Inc. (GPT) Stock
Gramercy Property Trust Inc. (NYSE:GPT) CFO Jon W. Clark purchased 2,400 shares of Gramercy Property Trust stock in a transaction that occurred on Thursday, November 10th. The stock was purchased at an average price of $8.06 per share, with a total value of $19,344.00. Following the transaction, the chief financial officer now owns 138,411 shares in the company, valued at approximately $1,115,592.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Gramercy Property Trust Inc. (NYSE:GPT) opened at 8.45 on Wednesday. Gramercy Property Trust Inc. has a 52-week low of $6.50 and a 52-week high of $10.03. The stock’s market cap is $3.57 billion. The firm has a 50-day moving average of $9.12 and a 200-day moving average of $9.26.
Gramercy Property Trust (NYSE:GPT) last announced its earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. Gramercy Property Trust had a negative net margin of 4.93% and a negative return on equity of 1.04%. The company earned $131.10 million during the quarter, compared to the consensus estimate of $62.92 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The company’s revenue was up 101.1% on a year-over-year basis. On average, equities analysts expect that Gramercy Property Trust Inc. will post ($0.11) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be given a dividend of $0.125 per share. This is a boost from Gramercy Property Trust’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $0.50 annualized dividend and a dividend yield of 5.92%. Gramercy Property Trust’s payout ratio is currently -231.58%.
Several large investors have recently modified their holdings of the company. Utah Retirement Systems boosted its stake in shares of Gramercy Property Trust by 1.0% in the third quarter. Utah Retirement Systems now owns 10,400 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 100 shares in the last quarter. IFC Holdings Incorporated FL boosted its stake in shares of Gramercy Property Trust by 4.2% in the third quarter. IFC Holdings Incorporated FL now owns 10,497 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 424 shares in the last quarter. Mariner Wealth Advisors LLC boosted its stake 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 valued at $100,000 after buying an additional 140 shares in the last quarter. Sii Investments Inc. WI acquired a new stake in shares of Gramercy Property Trust during the second quarter valued at approximately $109,000. Finally, Paragon Capital Management Ltd acquired a new stake in shares of Gramercy Property Trust during the second quarter valued at approximately $110,000. Institutional investors own 84.20% of the company’s stock.
Several equities research analysts recently commented on GPT shares. JMP Securities restated a “buy” rating on shares of Gramercy Property Trust in a research report on Tuesday, September 13th. TheStreet downgraded shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. 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 report on Monday, August 15th. Finally, Compass Point upped their price target on shares of Gramercy Property Trust from $10.25 to $11.50 and gave the company a “buy” rating in a research report on Thursday, August 4th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $9.96.
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. Its 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.
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