Gramercy Property Trust (GPT) Shares Sold by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. decreased its position in shares of Gramercy Property Trust (NYSE:GPT) by 78.0% during the first quarter, Holdings Channel reports. The firm owned 10,250 shares of the real estate investment trust’s stock after selling 36,252 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Gramercy Property Trust were worth $270,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new stake in Gramercy Property Trust during the fourth quarter worth approximately $7,185,000. Commerzbank Aktiengesellschaft FI boosted its stake in Gramercy Property Trust by 22.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 14,465 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 2,692 shares during the period. Comerica Bank boosted its stake in Gramercy Property Trust by 16.9% in the fourth quarter. Comerica Bank now owns 93,762 shares of the real estate investment trust’s stock worth $861,000 after buying an additional 13,568 shares during the period. State Street Corp boosted its stake in Gramercy Property Trust by 6.1% in the fourth quarter. State Street Corp now owns 10,182,187 shares of the real estate investment trust’s stock worth $93,476,000 after buying an additional 584,489 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Gramercy Property Trust by 30.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,907,434 shares of the real estate investment trust’s stock worth $45,048,000 after buying an additional 1,157,783 shares during the period. Hedge funds and other institutional investors own 81.61% of the company’s stock.

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

Gramercy Property Trust (NYSE GPT) opened at 30.39 on Tuesday. Gramercy Property Trust has a 52 week low of $24.09 and a 52 week high of $30.96. The company has a 50-day moving average of $29.07 and a 200-day moving average of $27.49. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 119.65 and a beta of 0.58.

Gramercy Property Trust (NYSE:GPT) last announced its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. Gramercy Property Trust had a net margin of 8.24% and a return on equity of 1.59%. The company had revenue of $129.99 million for the quarter, compared to the consensus estimate of $126.88 million. Analysts anticipate that Gramercy Property Trust will post ($0.11) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Wednesday, June 28th. Gramercy Property Trust’s dividend payout ratio (DPR) is presently 652.15%.

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A number of equities research analysts have recently commented on GPT shares. TheStreet upgraded Gramercy Property Trust from a “c” rating to a “b-” rating in a research report on Wednesday, March 1st. Zacks Investment Research cut Gramercy Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, May 3rd. ValuEngine lowered shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Finally, Compass Point reaffirmed a “buy” rating and issued a $34.00 price target (up from $30.00) on shares of Gramercy Property Trust in a research note on Monday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $32.88.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GPT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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