Somewhat Positive News Coverage Somewhat Unlikely to Impact Gramercy Property Trust (GPT) Stock Price
Press coverage about Gramercy Property Trust (NYSE:GPT) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gramercy Property Trust earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.2133764561422 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Gramercy Property boosts borrowing firepower, lowers cost (seekingalpha.com)
- BRIEF-Gramercy Property trust amends, upsizes existing loan (reuters.com)
- Gramercy Property Trust Amends and Upsizes Existing Unsecured Term Loan to $400 Million (finance.yahoo.com)
- Gramercy Property Trust Amends and Upsizes Existing Unsecured Term Loan to $400 Million – Business Wire (press release) (businesswire.com)
- Gramercy Property Trust Reaches Analyst Target Price (nasdaq.com)
GPT has been the subject of several research reports. Zacks Investment Research cut 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. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a report on Friday, September 1st. BidaskClub lowered shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $31.00 target price on shares of Gramercy Property Trust in a report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Gramercy Property Trust presently has a consensus rating of “Hold” and a consensus price target of $31.67.
Gramercy Property Trust (NYSE:GPT) opened at 30.62 on Friday. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 291.62 and a beta of 0.58. The firm has a 50-day moving average of $30.57 and a 200 day moving average of $29.53. Gramercy Property Trust has a 12-month low of $24.09 and a 12-month 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 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The firm had revenue of $131.40 million for 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 quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. On average, equities analysts predict that Gramercy Property Trust will post ($0.11) EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.90%. Gramercy Property Trust’s dividend payout ratio (DPR) is presently 1,666.85%.
In other news, President Benjamin P. Harris sold 9,000 shares of Gramercy Property Trust stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $30.50, for a total transaction of $274,500.00. Following the completion of the sale, the president now directly owns 96,101 shares in the company, valued at $2,931,080.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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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