Teacher Retirement System of Texas reduced its holdings in Gramercy Property Trust (NYSE:GPT) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,563 shares of the real estate investment trust’s stock after selling 2,975 shares during the period. Teacher Retirement System of Texas’ holdings in Gramercy Property Trust were worth $890,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GWM Advisors LLC bought a new stake in shares of Gramercy Property Trust during the second quarter valued at approximately $238,000. D.B. Root & Company LLC bought a new stake in shares of Gramercy Property Trust during the second quarter valued at approximately $242,000. Cim Investment Mangement Inc. bought a new stake in shares of Gramercy Property Trust during the first quarter valued at approximately $251,000. Allianz Asset Management GmbH bought a new stake in shares of Gramercy Property Trust during the first quarter valued at approximately $282,000. Finally, Barings LLC bought a new stake in shares of Gramercy Property Trust during the first quarter valued at approximately $291,000. Institutional investors and hedge funds own 85.90% of the company’s stock.

In other Gramercy Property Trust news, President Benjamin P. Harris sold 25,000 shares of the company’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $27.66, for a total value of $691,500.00. Following the sale, the president now directly owns 64,730 shares in the company, valued at $1,790,431.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

A number of research firms have recently issued reports on GPT. Zacks Investment Research cut Gramercy Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Gramercy Property Trust in a research report on Tuesday, July 10th. Citigroup cut Gramercy Property Trust to a “neutral” rating and set a $27.50 price objective on the stock. in a research report on Tuesday, July 10th. LADENBURG THALM/SH SH restated a “neutral” rating on shares of Gramercy Property Trust in a research report on Thursday, May 31st. Finally, Stifel Nicolaus cut Gramercy Property Trust from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research report on Tuesday, May 8th. Nine research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $26.50.

Shares of NYSE:GPT opened at $27.37 on Friday. Gramercy Property Trust has a fifty-two week low of $21.12 and a fifty-two week high of $31.26. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.94 and a beta of 0.83. The company has a current ratio of 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 0.96.

Gramercy Property Trust (NYSE:GPT) last announced its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Gramercy Property Trust had a return on equity of 3.93% and a net margin of 20.65%. The firm had revenue of $145.60 million for the quarter, compared to analysts’ expectations of $148.34 million. research analysts predict that Gramercy Property Trust will post 2.02 EPS for the current fiscal year.

About Gramercy Property Trust

Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing high quality, income producing commercial real estate leased to high quality tenants in major markets in the United States and Europe.

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

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