Gramercy Property Trust Inc. (NYSE:GPT) was down 2.8% on Tuesday . The company traded as low as $9.52 and last traded at $9.56, with a volume of 1,480,747 shares changing hands. The stock had previously closed at $9.84.

A number of equities research analysts have recently weighed in on GPT shares. Compass Point boosted their price objective on shares of Gramercy Property Trust from $10.25 to $11.50 and gave the company a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Monday. TheStreet raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Friday, June 3rd. Stifel Nicolaus boosted their price objective on shares of Gramercy Property Trust from $9.25 to $9.50 and gave the company a “buy” rating in a report on Friday, May 13th. Finally, JMP Securities boosted their price objective on shares of Gramercy Property Trust from $9.50 to $11.00 and gave the company a “market outperform” rating in a report on Thursday, August 4th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Gramercy Property Trust has a consensus rating of “Buy” and a consensus price target of $9.96.

The company’s 50 day moving average is $9.72 and its 200-day moving average is $8.66. The firm’s market cap is $4.12 billion.

Gramercy Property Trust (NYSE:GPT) last issued its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The business earned $139.43 million during the quarter, compared to analysts’ expectations of $54.15 million. The business’s quarterly revenue was up 157.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. On average, equities research analysts anticipate that Gramercy Property Trust Inc. will post ($0.11) EPS for the current year.

In other news, President Benjamin P. Harris sold 40,000 shares of the firm’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $8.98, for a total value of $359,200.00. Following the sale, the president now directly owns 570,880 shares in the company, valued at approximately $5,126,502.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Other large investors recently made changes to their positions in the company. First Trust Advisors LP raised its stake in shares of Gramercy Property Trust by 679.2% in the fourth quarter. First Trust Advisors LP now owns 163,201 shares of the real estate investment trust’s stock valued at $1,260,000 after buying an additional 142,256 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Gramercy Property Trust by 314.4% in the fourth quarter. New York State Common Retirement Fund now owns 576,805 shares of the real estate investment trust’s stock valued at $4,453,000 after buying an additional 437,605 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Gramercy Property Trust by 234.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,859,518 shares of the real estate investment trust’s stock valued at $14,356,000 after buying an additional 1,303,268 shares in the last quarter. Employees Retirement System of Texas raised its stake in shares of Gramercy Property Trust by 219.0% in the fourth quarter. Employees Retirement System of Texas now owns 169,857 shares of the real estate investment trust’s stock valued at $1,311,000 after buying an additional 116,607 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Gramercy Property Trust during the fourth quarter valued at approximately $15,440,000.

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. The Company’s 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.

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