Gramercy Property Trust (GPT) Given News Sentiment Rating of 0.22
Media coverage about Gramercy Property Trust (NYSE:GPT) has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gramercy Property Trust earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.686398727151 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern’s analysis:
- SunTrust Banks Comments on Gramercy Property Trust’s Q1 2018 Earnings (GPT) (americanbankingnews.com)
- Q3 2017 EPS Estimates for Gramercy Property Trust Decreased by Analyst (GPT) (americanbankingnews.com)
- Head-To-Head Comparison: Gramercy Property Trust (GPT) & Its Rivals (americanbankingnews.com)
- Gramercy Property Trust (GPT) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Gramercy Property Trust’s 8.125% Series A Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket (nasdaq.com)
Gramercy Property Trust (NYSE:GPT) opened at 30.57 on Thursday. Gramercy Property Trust has a 1-year low of $24.09 and a 1-year high of $31.19. The firm has a market capitalization of $4.64 billion, a P/E ratio of 291.14 and a beta of 0.58. The stock’s 50 day moving average is $29.84 and its 200-day moving average is $28.81.
Gramercy Property Trust (NYSE:GPT) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.02). Gramercy Property Trust had a return on equity of 0.81% and a net margin of 4.35%. The firm had revenue of $131.40 million for the quarter, compared to analysts’ expectations of $136.30 million. During the same quarter last year, the firm posted $0.18 earnings per share. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. Analysts forecast that Gramercy Property Trust will post ($0.11) EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Thursday, September 28th. Gramercy Property Trust’s payout ratio is 1,666.85%.
GPT has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. ValuEngine raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Gramercy Property Trust in a research note on Friday, September 1st. Finally, TheStreet upgraded shares of Gramercy Property Trust from a “c+” rating to a “b-” rating in a research note on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Gramercy Property Trust presently has a consensus rating of “Hold” and a consensus price target of $31.67.
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In other Gramercy Property Trust news, President Benjamin P. Harris sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $30.50, for a total value of $274,500.00. Following the transaction, the president now directly owns 96,101 shares in the company, valued at $2,931,080.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas L. Pell sold 11,350 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $29.53, for a total transaction of $335,165.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,350 shares of company stock worth $758,066. Corporate insiders own 0.96% 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.
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