Gramercy Property Trust (NYSE:GPT)‘s stock had its “buy” rating reissued by analysts at Ladenburg Thalmann Financial Services in a research report issued to clients and investors on Friday.

A number of other equities analysts have also issued reports on GPT. ValuEngine lowered Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. TheStreet upgraded Gramercy Property Trust from a “c+” rating to a “b-” rating in a research note on Monday, June 12th. Compass Point reiterated a “buy” rating and set a $34.00 price objective (up previously from $30.00) on shares of Gramercy Property Trust in a research note on Monday, June 19th. BidaskClub lowered Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, JMP Securities lowered Gramercy Property Trust from a “market outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.67.

Gramercy Property Trust (GPT) traded down 0.66% on Friday, hitting $30.26. The stock had a trading volume of 558,235 shares. The firm has a market cap of $4.60 billion, a PE ratio of 288.19 and a beta of 0.58. Gramercy Property Trust has a 52-week low of $24.09 and a 52-week high of $31.19. The company has a 50-day moving average price of $29.69 and a 200 day moving average price of $28.56.

Gramercy Property Trust (NYSE:GPT) last issued its 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 firm had revenue of $131.40 million during the quarter, compared to analysts’ expectations of $136.30 million. Gramercy Property Trust had a return on equity of 0.81% and a net margin of 4.35%. The business’s revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.18 EPS. Equities analysts forecast that Gramercy Property Trust will post ($0.11) earnings per share for the current fiscal year.

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In related news, President Benjamin P. Harris sold 5,000 shares of Gramercy Property Trust stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $29.68, for a total value of $148,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicholas L. Pell sold 11,350 shares of Gramercy Property Trust stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $29.53, for a total value of $335,165.50. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Suntrust Banks Inc. increased its stake in shares of Gramercy Property Trust by 0.3% in the 2nd quarter. Suntrust Banks Inc. now owns 26,766 shares of the real estate investment trust’s stock valued at $794,000 after purchasing an additional 80 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Gramercy Property Trust by 0.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 58,547 shares of the real estate investment trust’s stock valued at $1,540,000 after purchasing an additional 209 shares in the last quarter. Advisor Group Inc. increased its stake in shares of Gramercy Property Trust by 1.5% in the 2nd quarter. Advisor Group Inc. now owns 20,752 shares of the real estate investment trust’s stock valued at $506,000 after purchasing an additional 315 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Gramercy Property Trust by 16.1% in the 2nd quarter. Penserra Capital Management LLC now owns 3,914 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 542 shares in the last quarter. Finally, People s United Financial Inc. increased its stake in shares of Gramercy Property Trust by 1.9% in the 2nd quarter. People s United Financial Inc. now owns 36,657 shares of the real estate investment trust’s stock valued at $1,089,000 after purchasing an additional 698 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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.

Analyst Recommendations for Gramercy Property Trust (NYSE:GPT)

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