Somewhat Positive Press Coverage Somewhat Unlikely to Impact Gramercy Property Trust (GPT) Stock Price

News articles about Gramercy Property Trust (NYSE:GPT) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gramercy Property Trust earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.6625202720899 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Gramercy Property Trust (NYSE:GPT) traded down $0.47 during trading on Thursday, hitting $26.38. 819,811 shares of the stock traded hands, compared to its average volume of 921,800. The firm has a market capitalization of $4,310.00, a PE ratio of 61.35, a PEG ratio of 1.78 and a beta of 0.54. Gramercy Property Trust has a 12 month low of $25.21 and a 12 month high of $31.26. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.24 and a quick ratio of 0.24.

Gramercy Property Trust (NYSE:GPT) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The business had revenue of $134.90 million during the quarter, compared to the consensus estimate of $135.45 million. Gramercy Property Trust had a return on equity of 2.60% and a net margin of 14.10%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 EPS. equities research analysts forecast that Gramercy Property Trust will post 2.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date is Thursday, December 28th. Gramercy Property Trust’s dividend payout ratio is presently 348.84%.

GPT has been the subject of several research analyst reports. ValuEngine upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, November 1st. SunTrust Banks set a $30.00 price target on shares of Gramercy Property Trust and gave the company a “hold” rating in a report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded shares of Gramercy Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $31.25.

In other news, President Benjamin P. Harris sold 6,371 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $26.73, for a total value of $170,296.83. Following the sale, the president now owns 89,730 shares of the company’s stock, valued at $2,398,482.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

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About Gramercy Property Trust

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.

Insider Buying and Selling by Quarter for Gramercy Property Trust (NYSE:GPT)

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