Teachers Advisors LLC boosted its holdings in shares of Gramercy Property Trust (NYSE:GPT) by 12.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 274,448 shares of the real estate investment trust’s stock after buying an additional 31,129 shares during the quarter. Teachers Advisors LLC owned approximately 0.18% of Gramercy Property Trust worth $8,154,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. BlackRock Inc. increased its holdings in Gramercy Property Trust by 1,126.6% during the first quarter. BlackRock Inc. now owns 12,215,404 shares of the real estate investment trust’s stock valued at $321,267,000 after buying an additional 11,219,518 shares during the period. JPMorgan Chase & Co. increased its holdings in Gramercy Property Trust by 389,160.0% during the second quarter. JPMorgan Chase & Co. now owns 4,764,543 shares of the real estate investment trust’s stock valued at $141,554,000 after buying an additional 4,763,319 shares during the period. Principal Financial Group Inc. increased its holdings in Gramercy Property Trust by 160.2% during the second quarter. Principal Financial Group Inc. now owns 3,539,442 shares of the real estate investment trust’s stock valued at $105,158,000 after buying an additional 2,178,912 shares during the period. APG Asset Management US Inc. increased its holdings in Gramercy Property Trust by 38.9% during the second quarter. APG Asset Management US Inc. now owns 2,142,097 shares of the real estate investment trust’s stock valued at $63,642,000 after buying an additional 600,000 shares during the period. Finally, Schroder Investment Management Group increased its holdings in Gramercy Property Trust by 4.8% during the second quarter. Schroder Investment Management Group now owns 1,911,369 shares of the real estate investment trust’s stock valued at $56,556,000 after buying an additional 86,680 shares during the period. 87.08% of the stock is currently owned by institutional investors.

GPT has been the topic of several research reports. Zacks Investment Research lowered shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. ValuEngine raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gramercy Property Trust in a report on Friday, September 1st. BidaskClub lowered shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Finally, TheStreet raised shares of Gramercy Property Trust from a “c+” rating to a “b-” rating in a report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Gramercy Property Trust presently has a consensus rating of “Hold” and a consensus price target of $31.67.

Shares of Gramercy Property Trust (NYSE:GPT) opened at 30.93 on Friday. The firm has a 50-day moving average of $30.15 and a 200 day moving average of $29.14. The firm has a market capitalization of $4.70 billion, a P/E ratio of 294.57 and a beta of 0.58. Gramercy Property Trust has a 52 week low of $24.09 and a 52 week high of $31.19.

Gramercy Property Trust (NYSE:GPT) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.02). Gramercy Property Trust had a return on equity of 0.81% and a net margin of 4.35%. The business had revenue of $131.40 million for the quarter, compared to analysts’ expectations of $136.30 million. During the same period in the previous year, the company earned $0.18 earnings per share. Gramercy Property Trust’s quarterly revenue was down 5.7% on a year-over-year basis. On average, equities research analysts expect that Gramercy Property Trust will post ($0.11) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Thursday, September 28th. Gramercy Property Trust’s payout ratio is currently 1,666.85%.

In related news, President Benjamin P. Harris sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $30.50, for a total transaction of $274,500.00. Following the sale, the president now directly owns 96,101 shares of the company’s stock, valued at approximately $2,931,080.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.96% of the stock is owned by corporate insiders.

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Gramercy Property Trust Company Profile

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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