Highbridge Capital Management LLC bought a new stake in Gramercy Property Trust (NYSE:GPT) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,888,965 shares of the real estate investment trust’s stock, valued at approximately $57,141,000. Gramercy Property Trust makes up about 0.9% of Highbridge Capital Management LLC’s holdings, making the stock its 11th biggest holding. Highbridge Capital Management LLC owned about 1.18% of Gramercy Property Trust as of its most recent filing with the Securities & Exchange Commission.

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

Shares of Gramercy Property Trust (NYSE GPT) opened at $27.73 on Monday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $4,455.39, a P/E ratio of 13.80, a PEG ratio of 1.93 and a beta of 0.54. Gramercy Property Trust has a 1 year low of $24.90 and a 1 year high of $31.26.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Thursday, December 28th. Gramercy Property Trust’s payout ratio is 340.92%.

A number of research analysts have commented on the company. Zacks Investment Research downgraded Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. ValuEngine raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. SunTrust Banks set a $30.00 target price on Gramercy Property Trust and gave the stock a “hold” rating in a report on Tuesday, October 31st. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, November 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $31.00 target price on shares of Gramercy Property Trust in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $31.25.

In other news, President Benjamin P. Harris sold 9,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $30.50, for a total transaction of $274,500.00. Following the sale, the president now directly owns 96,101 shares in the company, valued at approximately $2,931,080.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.36% of the stock is currently owned by corporate insiders.

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

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