Comerica Bank bought a new position in shares of Gramercy Property Trust (NYSE:GPT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 28,906 shares of the real estate investment trust’s stock, valued at approximately $862,000.

A number of other hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in Gramercy Property Trust by 389,160.0% during the second quarter. JPMorgan Chase & Co. now owns 4,764,543 shares of the real estate investment trust’s stock worth $141,554,000 after buying an additional 4,763,319 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Gramercy Property Trust by 160.2% during the second quarter. Principal Financial Group Inc. now owns 3,539,442 shares of the real estate investment trust’s stock worth $105,158,000 after buying an additional 2,178,912 shares in the last quarter. Citadel Advisors LLC boosted its stake in Gramercy Property Trust by 1,551.7% during the second quarter. Citadel Advisors LLC now owns 1,879,807 shares of the real estate investment trust’s stock worth $55,849,000 after buying an additional 1,765,998 shares in the last quarter. Vanguard Group Inc. boosted its stake in Gramercy Property Trust by 6.5% during the second quarter. Vanguard Group Inc. now owns 23,462,198 shares of the real estate investment trust’s stock worth $697,062,000 after buying an additional 1,437,301 shares in the last quarter. Finally, Cbre Clarion Securities LLC acquired a new stake in Gramercy Property Trust during the second quarter worth $40,893,000. 92.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Gramercy Property Trust (NYSE:GPT) traded down $0.17 during trading hours on Tuesday, hitting $28.37. 706,100 shares of the stock traded hands, compared to its average volume of 945,762. Gramercy Property Trust has a 52 week low of $24.90 and a 52 week high of $31.26. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $4,585.54, a P/E ratio of 14.20, a PEG ratio of 1.99 and a beta of 0.54.

Gramercy Property Trust (NYSE:GPT) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). Gramercy Property Trust had a net margin of 14.10% and a return on equity of 2.60%. The firm had revenue of $134.90 million during the quarter, compared to analyst estimates of $135.45 million. During the same quarter in the prior year, the firm posted $0.16 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. equities research analysts predict that Gramercy Property Trust will post 2.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.375 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.29%. Gramercy Property Trust’s dividend payout ratio is 340.92%.

In related news, President Benjamin P. Harris sold 9,000 shares of Gramercy Property Trust 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 completion of the transaction, the president now directly owns 96,101 shares of the company’s stock, valued at $2,931,080.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.36% of the company’s stock.

A number of research firms have weighed in on GPT. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a research note on Friday, September 1st. ValuEngine upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. SunTrust Banks set a $30.00 target price on shares of Gramercy Property Trust and gave the company a “hold” rating in a research note on Tuesday, October 31st. Finally, Bank of America downgraded shares of Gramercy Property Trust from a “neutral” rating to an “underperform” rating and set a $30.00 target price on the stock. in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Gramercy Property Trust has an average rating of “Hold” and a consensus target price of $31.25.

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Gramercy Property Trust 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.

Institutional Ownership by Quarter for Gramercy Property Trust (NYSE:GPT)

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