Nomura Asset Management Co. Ltd. trimmed its stake in shares of Gramercy Property Trust (NYSE:GPT) by 11.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,960 shares of the real estate investment trust’s stock after selling 11,510 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.05% of Gramercy Property Trust worth $2,661,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GPT. Bank of Montreal Can boosted its holdings in Gramercy Property Trust by 200.8% during the second quarter. Bank of Montreal Can now owns 22,506 shares of the real estate investment trust’s stock valued at $669,000 after purchasing an additional 15,023 shares in the last quarter. Aperio Group LLC boosted its holdings in Gramercy Property Trust by 18.8% during the second quarter. Aperio Group LLC now owns 11,546 shares of the real estate investment trust’s stock valued at $343,000 after purchasing an additional 1,827 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Gramercy Property Trust by 25.4% during the second quarter. Russell Investments Group Ltd. now owns 331,903 shares of the real estate investment trust’s stock valued at $9,860,000 after purchasing an additional 67,186 shares in the last quarter. Pioneer Investment Management Inc. boosted its holdings in Gramercy Property Trust by 0.6% during 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 purchasing an additional 1,000 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Gramercy Property Trust by 9.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 952,882 shares of the real estate investment trust’s stock valued at $28,311,000 after purchasing an additional 82,011 shares in the last quarter. 92.23% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on GPT shares. Zacks Investment Research downgraded Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. ValuEngine raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gramercy Property Trust in a report on Friday, September 1st. SunTrust Banks set a $30.00 price objective on Gramercy Property Trust and gave the company a “hold” rating in a report on Tuesday, October 31st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $31.00 price objective on shares of Gramercy Property Trust in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $31.25.

Shares of Gramercy Property Trust (NYSE:GPT) remained flat at $$27.73 on Tuesday. The company had a trading volume of 896,000 shares, compared to its average volume of 944,680. The firm has a market capitalization of $4,455.39, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.93 and a beta of 0.54. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.76. Gramercy Property Trust has a twelve month low of $24.90 and a twelve month high of $31.26.

Gramercy Property Trust (NYSE:GPT) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The business had revenue of $134.90 million during the quarter, compared to analyst estimates of $135.45 million. Gramercy Property Trust had a return on equity of 2.60% and a net margin of 14.10%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. equities analysts predict that Gramercy Property Trust will post 2.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 5.41%. The ex-dividend date of this dividend is Thursday, December 28th. Gramercy Property Trust’s payout ratio is currently 340.92%.

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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.

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

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