Gramercy Property Trust Inc. (NYSE:GPT) Director Thomas D. Eckert bought 10,000 shares of Gramercy Property Trust stock in a transaction dated Friday, September 16th. The stock was purchased at an average cost of $9.27 per share, for a total transaction of $92,700.00. Following the purchase, the director now owns 89,225 shares of the company’s stock, valued at approximately $827,115.75. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Gramercy Property Trust Inc. (NYSE:GPT) opened at 9.30 on Tuesday. The firm’s 50-day moving average is $9.63 and its 200 day moving average is $9.02. Gramercy Property Trust Inc. has a one year low of $6.34 and a one year high of $10.03. The company’s market capitalization is $3.92 billion.

Gramercy Property Trust (NYSE:GPT) last announced its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Gramercy Property Trust had a negative net margin of 3.93% and a negative return on equity of 0.89%. The company had revenue of $139.43 million for the quarter, compared to analysts’ expectations of $54.15 million. During the same quarter in the previous year, the company posted $0.13 EPS. The firm’s quarterly revenue was up 157.7% on a year-over-year basis. On average, equities analysts expect that Gramercy Property Trust Inc. will post ($0.11) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.44 annualized dividend and a dividend yield of 4.73%. Gramercy Property Trust’s payout ratio is -293.31%.

GPT has been the topic of several recent analyst reports. JMP Securities reissued a “buy” rating on shares of Gramercy Property Trust in a research note on Tuesday, September 13th. TheStreet raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 3rd. Mitsubishi UFJ Financial Group started coverage on shares of Gramercy Property Trust in a research note on Tuesday, June 28th. They issued an “overweight” rating and a $10.50 price target on the stock. Zacks Investment Research raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Monday, August 15th. Finally, Compass Point raised their price target on shares of Gramercy Property Trust from $10.25 to $11.50 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $9.96.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BB&T Securities LLC boosted its position in shares of Gramercy Property Trust by 0.5% in the first quarter. BB&T Securities LLC now owns 12,748 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 58 shares during the last quarter. BlackRock Japan Co. Ltd boosted its position in shares of Gramercy Property Trust by 0.4% in the first quarter. BlackRock Japan Co. Ltd now owns 22,224 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 94 shares during the last quarter. Mariner Wealth Advisors LLC boosted its position in shares of Gramercy Property Trust by 1.3% in the second quarter. Mariner Wealth Advisors LLC now owns 10,884 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 140 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Gramercy Property Trust by 0.6% in the second quarter. ProShare Advisors LLC now owns 51,688 shares of the real estate investment trust’s stock valued at $477,000 after buying an additional 326 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Gramercy Property Trust by 4.1% in the second quarter. Daiwa Securities Group Inc. now owns 15,321 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 600 shares during the last quarter. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

Gramercy Property Trust Company Profile

Gramercy Property Trust, formerly Chambers Street Properties, is a real estate investment trust, which operates as 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 the Company’s activities related to the investment and ownership of commercial properties located throughout the United States and Europe.

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