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.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in Gramercy Property Trust during the 3rd quarter worth $214,000. Cetera Investment Advisers acquired a new stake in Gramercy Property Trust during the 2nd quarter worth $215,000. Tudor Investment Corp ET AL acquired a new stake in Gramercy Property Trust during the 2nd quarter worth $226,000. Neuberger Berman Group LLC acquired a new stake in Gramercy Property Trust during the 3rd quarter worth $232,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Gramercy Property Trust during the 3rd quarter worth $251,000. 92.03% of the stock is owned by institutional investors.

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.

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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.

Analyst Recommendations for Gramercy Property Trust (NYSE:GPT)

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