Gramercy Property Trust (NYSE:GPT) President Benjamin P. Harris sold 6,371 shares of Gramercy Property Trust stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $26.73, for a total transaction of $170,296.83. Following the transaction, the president now owns 89,730 shares of the company’s stock, valued at approximately $2,398,482.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Gramercy Property Trust (NYSE:GPT) opened at $26.66 on Friday. The company has a market cap of $4,305.92, a PE ratio of 60.59, a PEG ratio of 1.87 and a beta of 0.54. Gramercy Property Trust has a twelve month low of $25.21 and a twelve month high of $31.26. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.76.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.63%. Gramercy Property Trust’s dividend payout ratio (DPR) is presently 340.92%.

GPT has been the subject of a number of research reports. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Gramercy Property Trust in a research report on Friday, September 1st. ValuEngine upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. SunTrust Banks set a $30.00 target price on shares of Gramercy Property Trust and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research cut shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Two research 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’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.25.

Several hedge funds and other institutional investors have recently modified their holdings of GPT. Penserra Capital Management LLC grew its holdings in shares of Gramercy Property Trust by 16.1% during the second quarter. Penserra Capital Management LLC now owns 3,914 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 542 shares in the last quarter. Sii Investments Inc. WI purchased a new stake in shares of Gramercy Property Trust during the second quarter worth about $208,000. Wittenberg Investment Management Inc. purchased a new stake in shares of Gramercy Property Trust during the second quarter worth about $213,000. Jane Street Group LLC purchased a new stake in shares of Gramercy Property Trust during the third quarter worth about $214,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Gramercy Property Trust during the second quarter worth about $215,000. Institutional investors and hedge funds own 91.99% of the company’s stock.

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About Gramercy Property Trust

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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