Positive Press Coverage Somewhat Likely to Impact Gramercy Property Trust (GPT) Stock Price
Media stories about Gramercy Property Trust (NYSE:GPT) have trended positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gramercy Property Trust earned a daily sentiment score of 0.34 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 61 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Gramercy Property Trust, Inc. (GPT) has PE ratio of 133.77 – Street Observer (press release) (streetobserver.com)
- Gramercy Property Trust (NYSE:GPT) Receives $33.00 Consensus Target Price from Analysts (footballhebdo.com)
- Gramercy Property Trust (GPT) Stock Rating Lowered by BidaskClub (wobko.net)
- ETFs with exposure to Gramercy Property Trust : July 14, 2017 (finance.yahoo.com)
- Needle Tilting Mid-Session For Gramercy Property Trust (GPT) – Stock Press Daily (stockpressdaily.com)
Shares of Gramercy Property Trust (NYSE:GPT) opened at 29.695 on Monday. The firm’s 50-day moving average is $29.69 and its 200-day moving average is $27.69. The company has a market cap of $4.51 billion, a PE ratio of 116.909 and a beta of 0.58. Gramercy Property Trust has a 12 month low of $24.09 and a 12 month high of $31.19.
Gramercy Property Trust (NYSE:GPT) last released its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. Gramercy Property Trust had a net margin of 8.24% and a return on equity of 1.59%. The firm had revenue of $129.99 million for the quarter, compared to analysts’ expectations of $126.88 million. On average, equities research analysts predict 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. Stockholders of record on Friday, June 30th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend was Wednesday, June 28th. Gramercy Property Trust’s payout ratio is 652.15%.
Several research analysts have recently issued reports on GPT shares. Zacks Investment Research downgraded shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 21st. TheStreet downgraded shares of Gramercy Property Trust from a “b-” rating to a “c+” rating in a report on Friday, March 31st. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, May 3rd. ValuEngine downgraded shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Finally, Compass Point reiterated a “buy” rating and set a $34.00 price target (up from $30.00) on shares of Gramercy Property Trust in a report on Monday, June 19th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $33.33.
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In related news, insider Nicholas L. Pell sold 11,350 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $29.53, for a total transaction of $335,165.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Benjamin P. Harris sold 5,000 shares of the business’s stock in a transaction dated 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. Insiders own 1.36% of the company’s stock.
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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