GW&K Investment Management LLC acquired a new stake in Gramercy Property Trust (NYSE:GPT) during the second quarter, Holdings Channel reports. The institutional investor acquired 7,335 shares of the real estate investment trust’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Analysts LLC acquired a new position in Gramercy Property Trust during the first quarter valued at approximately $139,000. Rehmann Capital Advisory Group acquired a new position in Gramercy Property Trust during the first quarter valued at approximately $207,000. Financial Consulate Inc. purchased a new position in shares of Gramercy Property Trust during the first quarter valued at approximately $225,000. Karp Capital Management Corp purchased a new position in shares of Gramercy Property Trust during the first quarter valued at approximately $256,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Gramercy Property Trust during the first quarter valued at approximately $288,000. 81.62% of the stock is owned by institutional investors.

Shares of Gramercy Property Trust (NYSE:GPT) opened at 29.75 on Monday. Gramercy Property Trust has a 52-week low of $24.09 and a 52-week high of $31.19. The stock’s 50 day moving average is $29.68 and its 200 day moving average is $27.69. The stock has a market cap of $4.52 billion, a PE ratio of 117.13 and a beta of 0.58.

Gramercy Property Trust (NYSE:GPT) last posted its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.51. Gramercy Property Trust had a net margin of 8.24% and a return on equity of 1.59%. The business had revenue of $129.99 million during the quarter, compared to analyst estimates of $126.88 million. Equities research analysts forecast that Gramercy Property Trust will post ($0.11) earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $0.375 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.04%. Gramercy Property Trust’s dividend payout ratio is 652.15%.

ILLEGAL ACTIVITY WARNING: This piece was first published by Watch List News and is the property of of Watch List News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.watchlistnews.com/gwk-investment-management-llc-takes-position-in-gramercy-property-trust-nysegpt/1444688.html.

Several research analysts have commented on GPT shares. TheStreet downgraded shares of Gramercy Property Trust from a “b-” rating to a “c+” rating in a report on Friday, March 31st. Zacks Investment Research downgraded shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Monday, April 10th. BidaskClub downgraded shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Compass Point reissued a “buy” rating and issued a $34.00 price target (up from $30.00) on shares of Gramercy Property Trust in a report on Monday, June 19th. Finally, ValuEngine downgraded shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $33.33.

In related news, insider Nicholas L. Pell sold 11,350 shares of the company’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $29.53, for a total transaction of $335,165.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Benjamin P. Harris sold 5,000 shares of the company’s 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 disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding GPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gramercy Property Trust (NYSE:GPT).

Institutional Ownership by Quarter for Gramercy Property Trust (NYSE:GPT)

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.