Shares of Gramercy Property Trust Inc. (NYSE:GPT) have been given an average rating of “Buy” by the eight ratings firms that are presently covering the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $9.55.

GPT has been the topic of several research reports. JMP Securities boosted their price target on Gramercy Property Trust from $9.50 to $11.00 and gave the stock a “market outperform” rating in a report on Thursday, August 4th. Compass Point upped their target price on Gramercy Property Trust from $10.25 to $11.50 and gave the company a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research cut Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Thursday, September 15th. Finally, TheStreet cut Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 11th.

In other Gramercy Property Trust news, Director Thomas D. Eckert purchased 50,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were purchased at an average cost of $8.72 per share, for a total transaction of $436,000.00. Following the acquisition, the director now owns 109,225 shares of the company’s stock, valued at $952,442. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas D. Eckert purchased 10,000 shares of the business’s stock in a transaction on Friday, September 16th. The shares were acquired at an average price of $9.27 per share, for a total transaction of $92,700.00. Following the completion of the acquisition, the director now directly owns 89,225 shares in the company, valued at approximately $827,115.75. The disclosure for this purchase can be found here. Company insiders own 0.96% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Mariner Wealth Advisors LLC raised 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. Utah Retirement Systems raised its position 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 worth $100,000 after buying an additional 100 shares during the last quarter. IFC Holdings Incorporated FL raised its position 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 worth $101,000 after buying an additional 424 shares during the last quarter. Sii Investments Inc. WI purchased a new position in shares of Gramercy Property Trust during the second quarter worth $109,000. Finally, Paragon Capital Management Ltd purchased a new position in shares of Gramercy Property Trust during the second quarter worth $110,000. Hedge funds and other institutional investors own 84.20% of the company’s stock.

Shares of Gramercy Property Trust (NYSE:GPT) opened at 8.36 on Tuesday. The stock has a 50 day moving average of $9.12 and a 200-day moving average of $9.26. Gramercy Property Trust has a 12-month low of $6.50 and a 12-month high of $10.03. The firm’s market capitalization is $3.53 billion.

Gramercy Property Trust (NYSE:GPT) last released its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The company had revenue of $131.10 million for the quarter, compared to analysts’ expectations of $62.92 million. Gramercy Property Trust had a negative return on equity of 1.04% and a negative net margin of 4.93%. The business’s quarterly revenue was up 101.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share. On average, equities research analysts predict that Gramercy Property Trust 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. Shareholders of record on Friday, December 30th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.98%. This is a boost from Gramercy Property Trust’s previous quarterly dividend of $0.11. The ex-dividend date is Wednesday, December 28th. Gramercy Property Trust’s dividend payout ratio is presently -231.58%.

About Gramercy Property Trust

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.

5 Day Chart for NYSE:GPT

Receive News & Stock Ratings for Gramercy Property Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gramercy Property Trust Inc. and related stocks with our FREE daily email newsletter.