Gramercy Property Trust (NYSE:GPT) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

GPT has been the subject of several other research reports. ValuEngine upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, May 3rd. JMP Securities cut shares of Gramercy Property Trust from a “market outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Compass Point reiterated a “buy” rating and issued a $34.00 price objective (up previously from $30.00) on shares of Gramercy Property Trust in a research note on Monday, June 19th. Finally, Zacks Investment Research upgraded shares of Gramercy Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Gramercy Property Trust presently has a consensus rating of “Hold” and a consensus price target of $33.50.

Gramercy Property Trust (GPT) traded up 3.51% on Monday, reaching $29.75. 713,868 shares of the company traded hands. Gramercy Property Trust has a 52-week low of $24.09 and a 52-week high of $31.19. The stock has a 50-day moving average price of $29.81 and a 200-day moving average price of $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 (NYSE:GPT) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by $0.02. The company had revenue of $131.40 million for the quarter, compared to the consensus estimate of $136.30 million. Gramercy Property Trust had a return on equity of 0.81% and a net margin of 4.35%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS. Analysts anticipate that Gramercy Property Trust will post ($0.11) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Gramercy Property Trust (GPT) Downgraded to “Hold” at BidaskClub” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.watchlistnews.com/gramercy-property-trust-gpt-downgraded-to-hold-at-bidaskclub/1488238.html.

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

Institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Gramercy Property Trust by 9.4% in the second quarter. State Street Corp now owns 3,895,312 shares of the real estate investment trust’s stock valued at $115,732,000 after buying an additional 334,865 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Gramercy Property Trust by 4.6% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 71,865 shares of the real estate investment trust’s stock valued at $2,135,000 after buying an additional 3,183 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Gramercy Property Trust during the second quarter valued at approximately $4,702,000. Macquarie Group Ltd. boosted its position in shares of Gramercy Property Trust by 33.4% in the second quarter. Macquarie Group Ltd. now owns 1,533,217 shares of the real estate investment trust’s stock valued at $45,556,000 after buying an additional 383,944 shares during the last quarter. Finally, Sii Investments Inc. WI purchased a new position in shares of Gramercy Property Trust during the second quarter valued at approximately $208,000. Institutional investors own 87.02% of the company’s stock.

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.

Receive News & Ratings for Gramercy Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gramercy Property Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.