Macquarie Group Ltd. Acquires 383,944 Shares of Gramercy Property Trust (GPT)
Macquarie Group Ltd. boosted its holdings in Gramercy Property Trust (NYSE:GPT) by 33.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,533,217 shares of the real estate investment trust’s stock after purchasing an additional 383,944 shares during the period. Macquarie Group Ltd. owned approximately 1.01% of Gramercy Property Trust worth $45,556,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Penserra Capital Management LLC lifted its stake in Gramercy Property Trust by 16.1% in the second quarter. Penserra Capital Management LLC now owns 3,914 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 542 shares during the last quarter. Sii Investments Inc. WI bought a new stake in Gramercy Property Trust in the second quarter worth $208,000. Wittenberg Investment Management Inc. bought a new stake in Gramercy Property Trust in the second quarter worth $213,000. GW&K Investment Management LLC bought a new stake in Gramercy Property Trust in the second quarter worth $218,000. Finally, Tudor Investment Corp ET AL bought a new stake in Gramercy Property Trust in the second quarter worth $226,000. 87.08% of the stock is owned by institutional investors and hedge funds.
Shares of Gramercy Property Trust (GPT) opened at 30.85 on Friday. The company has a market capitalization of $4.69 billion, a P/E ratio of 293.81 and a beta of 0.58. The firm has a 50-day moving average of $30.20 and a 200 day moving average of $29.18. Gramercy Property Trust has a 1-year low of $24.09 and a 1-year high of $31.19.
Gramercy Property Trust (NYSE:GPT) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.02). The firm had revenue of $131.40 million during the quarter, compared to the consensus estimate of $136.30 million. Gramercy Property Trust had a return on equity of 0.81% and a net margin of 4.35%. Gramercy Property Trust’s revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. On average, analysts anticipate that Gramercy Property Trust will post ($0.11) EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.50 annualized dividend and a dividend yield of 4.86%. Gramercy Property Trust’s dividend payout ratio (DPR) is presently 1,666.85%.
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In other news, President Benjamin P. Harris sold 9,000 shares of the firm’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 completion of the sale, the president now owns 96,101 shares in the company, valued at approximately $2,931,080.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is currently owned by company insiders.
Several analysts have weighed in on GPT shares. Zacks Investment Research downgraded shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. TheStreet downgraded shares of Gramercy Property Trust from a “b-” rating to a “c” rating in a research note on Tuesday, August 1st. 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 Tuesday, June 20th. Finally, Compass Point reissued a “buy” rating and issued a $34.00 price target (up from $30.00) on shares of Gramercy Property Trust in a research note on Monday, June 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Gramercy Property Trust has a consensus rating of “Hold” and a consensus price target of $31.67.
Gramercy Property Trust Company Profile
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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