TCW Group Inc. Acquires New Stake in Gramercy Property Trust (GPT)

TCW Group Inc. purchased a new stake in shares of Gramercy Property Trust (NYSE:GPT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 287,487 shares of the real estate investment trust’s stock, valued at approximately $2,639,000. TCW Group Inc. owned about 0.20% of Gramercy Property Trust at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Gramercy Property Trust by 38.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,974 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 5,300 shares during the period. Palisade Capital Management LLC NJ increased its position in shares of Gramercy Property Trust by 13.6% in the second quarter. Palisade Capital Management LLC NJ now owns 686,583 shares of the real estate investment trust’s stock valued at $6,330,000 after buying an additional 82,064 shares during the period. Neuberger Berman Group LLC increased its position in shares of Gramercy Property Trust by 16.4% in the second quarter. Neuberger Berman Group LLC now owns 18,945 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 2,671 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Gramercy Property Trust by 16.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,217,880 shares of the real estate investment trust’s stock valued at $29,667,000 after buying an additional 461,823 shares during the period. Finally, Boyer & Corporon Wealth Management LLC bought a new position in shares of Gramercy Property Trust during the second quarter valued at approximately $1,907,000.

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

Shares of Gramercy Property Trust (NYSE:GPT) traded down 1.33% on Wednesday, reaching $26.71. The company had a trading volume of 223,915 shares. Gramercy Property Trust has a 52-week low of $21.00 and a 52-week high of $30.09. The firm’s market capitalization is $3.76 billion. The company’s 50-day moving average price is $27.10 and its 200-day moving average price is $27.48.

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Several equities research analysts have recently weighed in on the company. Bank of America Corporation cut Gramercy Property Trust from a “buy” rating to a “neutral” rating in a research report on Monday, December 5th. JMP Securities cut Gramercy Property Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, January 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $32.10.

In related news, Director Charles E. Black purchased 97,774 shares of the stock in a transaction on Monday, November 21st. The shares were purchased at an average price of $8.51 per share, with a total value of $832,056.74. Following the transaction, the director now directly owns 203,545 shares of the company’s stock, valued at $1,732,167.95. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Benjamin P. Harris sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, December 23rd. The stock was sold at an average price of $9.02, for a total value of $135,300.00. Following the transaction, the president now directly owns 379,141 shares in the company, valued at approximately $3,419,851.82. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Gramercy Property Trust Company Profile

Gramercy Property Trust, formerly Chambers Street Properties, is a real estate investment trust, which operates as an investor and asset manager of commercial real estate. Its operating segments include Investments/Corporate and Asset Management. The Investments/Corporate segment includes the Company’s activities related to the investment and ownership of commercial properties located throughout the United States and Europe.

5 Day Chart for NYSE:GPT

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