Gramercy Property Trust (GPT) Given Buy Rating at Compass Point

Compass Point reaffirmed their buy rating on shares of Gramercy Property Trust (NYSE:GPT) in a research note published on Monday morning. Compass Point currently has a $34.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $30.00.

Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Gramercy Property Trust from a hold rating to a sell rating in a research note on Monday, April 3rd. ValuEngine lowered shares of Gramercy Property Trust from a buy rating to a hold rating in a research note on Wednesday, May 24th. TheStreet raised shares of Gramercy Property Trust from a c+ rating to a b- rating in a research note on Monday, June 12th. Finally, Ladenburg Thalmann Financial Services reissued a buy rating on shares of Gramercy Property Trust in a research note on Wednesday, May 3rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $32.88.

Shares of Gramercy Property Trust (NYSE GPT) traded down 0.86% on Monday, hitting $30.13. 281,123 shares of the stock were exchanged. The firm’s 50-day moving average is $29.07 and its 200-day moving average is $27.49. The company has a market cap of $4.58 billion, a P/E ratio of 118.62 and a beta of 0.58. Gramercy Property Trust has a one year low of $24.09 and a one year high of $30.96.

Gramercy Property Trust (NYSE:GPT) last released its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.51 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 business had revenue of $129.99 million during the quarter, compared to analyst estimates of $126.88 million. On average, equities analysts forecast that Gramercy Property Trust will post ($0.11) EPS for the current fiscal year.

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

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its stake in shares of Gramercy Property Trust by 0.4% in the first quarter. Public Employees Retirement System of Ohio now owns 58,547 shares of the real estate investment trust’s stock valued at $1,540,000 after buying an additional 209 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in shares of 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 valued at $133,000 after buying an additional 2,692 shares during the period. Capital Analysts LLC purchased a new stake in shares of Gramercy Property Trust during the first quarter valued at approximately $139,000. Thrivent Financial for Lutherans increased its stake in shares of Gramercy Property Trust by 4.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 119,989 shares of the real estate investment trust’s stock valued at $1,102,000 after buying an additional 5,300 shares during the period. Finally, Rehmann Capital Advisory Group purchased a new stake in shares of Gramercy Property Trust during the first quarter valued at approximately $207,000. Institutional investors and hedge funds own 81.61% of the company’s stock.

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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