Gramercy Property Trust (GPT) Given Consensus Rating of “Hold” by Brokerages
Gramercy Property Trust (NYSE:GPT) has received an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $30.75.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. ValuEngine lowered shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. SunTrust Banks set a $28.00 price target on shares of Gramercy Property Trust and gave the stock a “hold” rating in a report on Monday, January 22nd. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, November 1st.
In related news, President Benjamin P. Harris sold 6,371 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $26.73, for a total value of $170,296.83. Following the completion of the sale, 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 SEC, which is available through this hyperlink. 1.36% of the stock is currently owned by insiders.
Gramercy Property Trust (NYSE:GPT) opened at $23.00 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $3,717.88, a P/E ratio of 52.27, a PEG ratio of 1.56 and a beta of 0.45. Gramercy Property Trust has a 1-year low of $22.51 and a 1-year high of $31.26.
COPYRIGHT VIOLATION WARNING: This story was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://www.watchlistnews.com/gramercy-property-trust-gpt-given-consensus-rating-of-hold-by-brokerages/1865764.html.
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.
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 MarketBeat.com's FREE daily email newsletter.