Voya Investment Management LLC Has $22.21 Million Holdings in Gramercy Property Trust (GPT)
Voya Investment Management LLC raised its stake in Gramercy Property Trust (NYSE:GPT) by 13.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 747,693 shares of the real estate investment trust’s stock after acquiring an additional 88,297 shares during the period. Voya Investment Management LLC owned about 0.49% of Gramercy Property Trust worth $22,213,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Penserra Capital Management LLC raised its stake in Gramercy Property Trust by 16.1% during the second quarter. Penserra Capital Management LLC now owns 3,914 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 542 shares in the last quarter. Wittenberg Investment Management Inc. bought a new position in shares of Gramercy Property Trust during the second quarter valued at $213,000. GW&K Investment Management LLC bought a new position in shares of Gramercy Property Trust during the second quarter valued at $218,000. Karp Capital Management Corp bought a new position in shares of Gramercy Property Trust during the first quarter valued at $256,000. Finally, Park Avenue Securities LLC bought a new position in shares of Gramercy Property Trust during the second quarter valued at $258,000. Hedge funds and other institutional investors own 87.08% of the company’s stock.
In other news, President Benjamin P. Harris sold 9,000 shares of the company’s stock in a transaction 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 completion of the transaction, the president now directly owns 96,101 shares in the company, valued at $2,931,080.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.36% of the company’s stock.
Several equities research analysts have recently commented on GPT shares. BidaskClub upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. TheStreet upgraded shares of Gramercy Property Trust from a “c+” rating to a “b-” rating in a research report on Monday, June 12th. Compass Point reiterated a “buy” rating and set a $34.00 target price (up previously from $30.00) on shares of Gramercy Property Trust in a research report on Monday, June 19th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, August 2nd. Finally, ValuEngine raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $31.67.
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Shares of Gramercy Property Trust (NYSE GPT) opened at 30.25 on Monday. The firm has a market capitalization of $4.60 billion, a PE ratio of 288.10 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. The company’s 50-day moving average price is $29.84 and its 200-day moving average price is $28.81.
Gramercy Property Trust (NYSE:GPT) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.02). The company had revenue of $131.40 million during the quarter, compared to the consensus estimate of $136.30 million. Gramercy Property Trust had a net margin of 4.35% and a return on equity of 0.81%. Gramercy Property Trust’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS. Analysts anticipate that Gramercy Property Trust will post ($0.11) EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.96%. Gramercy Property Trust’s payout ratio is presently 1,666.85%.
Gramercy Property Trust 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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