Denver Investment Advisors LLC lowered its stake in shares of Gramercy Property Trust (NYSE:GPT) by 34.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 672,894 shares of the real estate investment trust’s stock after selling 355,382 shares during the period. Denver Investment Advisors LLC’s holdings in Gramercy Property Trust were worth $19,992,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in GPT. Public Employees Retirement System of Ohio increased its stake in shares of Gramercy Property Trust by 0.4% in the first quarter. Public Employees Retirement System of Ohio now owns 58,547 shares of the real estate investment trust’s stock valued at $1,540,000 after buying an additional 209 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Gramercy Property Trust by 6.2% in the second quarter. Teacher Retirement System of Texas now owns 11,942 shares of the real estate investment trust’s stock valued at $355,000 after buying an additional 702 shares in the last quarter. Pioneer Investment Management Inc. increased its stake in shares of Gramercy Property Trust by 0.6% in the second quarter. Pioneer Investment Management Inc. now owns 157,100 shares of the real estate investment trust’s stock valued at $4,667,000 after buying an additional 1,000 shares in the last quarter. Wedbush Securities Inc. increased its stake in shares of Gramercy Property Trust by 9.0% in the second quarter. Wedbush Securities Inc. now owns 12,164 shares of the real estate investment trust’s stock valued at $361,000 after buying an additional 1,000 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Gramercy Property Trust by 6.3% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,770 shares of the real estate investment trust’s stock valued at $676,000 after buying an additional 1,348 shares in the last quarter. 87.02% of the stock is owned by institutional investors and hedge funds.

Shares of Gramercy Property Trust (NYSE:GPT) opened at 29.75 on Tuesday. The stock’s 50 day moving average price is $29.81 and its 200-day moving average price is $28.30. The firm has a market cap of $4.52 billion, a P/E ratio of 283.33 and a beta of 0.58. Gramercy Property Trust has a 12-month low of $24.09 and a 12-month high of $31.19.

Gramercy Property Trust (NYSE:GPT) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.02. The business had revenue of $131.40 million during the quarter, compared to the consensus estimate of $136.30 million. Gramercy Property Trust had a net margin of 4.35% and a return on equity of 0.81%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. On average, analysts predict that Gramercy Property Trust will post ($0.11) earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.50 dividend on an annualized basis and a yield of 5.04%. Gramercy Property Trust’s dividend payout ratio (DPR) is presently 1,666.85%.

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Several equities research analysts have issued reports on the company. JMP Securities downgraded Gramercy Property Trust from a “market outperform” rating to a “market perform” rating in a report on Monday, July 17th. BidaskClub downgraded Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Monday. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, August 2nd. ValuEngine downgraded Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Finally, TheStreet raised Gramercy Property Trust from a “c+” rating to a “b-” rating in a report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $33.50.

In other news, President Benjamin P. Harris sold 5,000 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $29.68, for a total transaction of $148,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas L. Pell sold 11,350 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $29.53, for a total value of $335,165.50. The disclosure for this sale can be found here. 1.36% of the stock is owned by corporate insiders.

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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