Somewhat Positive Press Coverage Somewhat Unlikely to Impact Gramercy Property Trust (GPT) Share Price
News headlines about Gramercy Property Trust (NYSE:GPT) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gramercy Property Trust earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.8327014365397 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern’s scoring:
- Gramercy Property Trust : GPT-US: Dividend Analysis : September 29th, 2017 (record date) : By the numbers : October 13, 2017 (finance.yahoo.com)
- Critical Contrast: Gramercy Property Trust (GPT) and Highwoods Properties (HIW) (americanbankingnews.com)
- Form 8-K Gramercy Property Trust For: Oct 10 Filed by: GPT Operating Partnership LP – StreetInsider.com (streetinsider.com)
- Firm Must Pay NYC Transfer Tax in Real Estate Deal, Court Finds (newyorklawjournal.com)
- Bustle Digital Group Expands Midtown South HQ (globest.com)
Several equities research analysts have recently weighed in on the company. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gramercy Property Trust in a research report on Friday, September 1st. ValuEngine raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 target price on shares of Gramercy Property Trust in a research report on Tuesday, August 22nd. Bank of America Corporation downgraded Gramercy Property Trust from a “neutral” rating to an “underperform” rating and set a $30.00 target price for the company. in a research report on Wednesday, August 16th. Finally, BidaskClub downgraded Gramercy Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $31.67.
Gramercy Property Trust (GPT) opened at 31.10 on Friday. The company has a 50 day moving average price of $30.47 and a 200 day moving average price of $29.39. The firm has a market cap of $4.72 billion, a PE ratio of 296.19 and a beta of 0.58. Gramercy Property Trust has a 1-year low of $24.09 and a 1-year high of $31.26.
Gramercy Property Trust (NYSE:GPT) last issued its quarterly 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 business had revenue of $131.40 million during the quarter, compared to analyst estimates of $136.30 million. Gramercy Property Trust had a net margin of 4.35% and a return on equity of 0.81%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 earnings per share. On average, equities research analysts forecast that Gramercy Property Trust will post ($0.11) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Thursday, September 28th. Gramercy Property Trust’s dividend payout ratio is currently 1,666.85%.
In other news, President Benjamin P. Harris sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $30.50, for a total value of $274,500.00. Following the sale, the president now directly owns 96,101 shares of the company’s stock, valued at $2,931,080.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.96% of the company’s stock.
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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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