National Planning Corp lowered its stake in Gramercy Property Trust Inc. (NYSE:GPT) by 38.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,017 shares of the real estate investment trust’s stock after selling 10,000 shares during the period. National Planning Corp’s holdings in Gramercy Property Trust were worth $159,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BB&T Securities LLC increased its position in shares of Gramercy Property Trust by 0.5% in the first quarter. BB&T Securities LLC now owns 12,748 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 58 shares in the last quarter. BlackRock Japan Co. Ltd increased its position in shares of Gramercy Property Trust by 0.4% in the first quarter. BlackRock Japan Co. Ltd now owns 22,224 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 94 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Gramercy Property Trust by 4.1% in the second quarter. Daiwa Securities Group Inc. now owns 15,321 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 600 shares in the last quarter. M&T Bank Corp increased its position in shares of Gramercy Property Trust by 2.0% in the first quarter. M&T Bank Corp now owns 42,659 shares of the real estate investment trust’s stock valued at $361,000 after buying an additional 850 shares in the last quarter. Finally, Creative Planning increased its position in shares of Gramercy Property Trust by 3.4% in the second quarter. Creative Planning now owns 30,384 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Gramercy Property Trust Inc. (NYSE:GPT) traded up 0.484% on Tuesday, hitting $9.345. The company’s stock had a trading volume of 533,076 shares. The company’s market capitalization is $3.94 billion. The company has a 50 day moving average price of $9.63 and a 200-day moving average price of $9.02. Gramercy Property Trust Inc. has a 1-year low of $6.34 and a 1-year high of $10.03.

Gramercy Property Trust (NYSE:GPT) last issued its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Gramercy Property Trust had a negative net margin of 3.93% and a negative return on equity of 0.89%. The business had revenue of $139.43 million for the quarter, compared to analyst estimates of $54.15 million. During the same period last year, the business posted $0.13 earnings per share. The firm’s quarterly revenue was up 157.7% on a year-over-year basis. On average, equities analysts forecast that Gramercy Property Trust Inc. will post ($0.11) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.73%. Gramercy Property Trust’s payout ratio is -293.31%.

Several equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Gramercy Property Trust from a “buy” rating to a “hold” rating in a research report on Thursday, September 15th. Compass Point upped their target price on Gramercy Property Trust from $10.25 to $11.50 and gave the stock a “buy” rating in a research report on Thursday, August 4th. JMP Securities upped their target price on Gramercy Property Trust from $9.50 to $11.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 4th. Mitsubishi UFJ Financial Group began coverage on Gramercy Property Trust in a research report on Tuesday, June 28th. They issued an “overweight” rating and a $10.50 target price for the company. Finally, TheStreet upgraded Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 3rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Gramercy Property Trust has a consensus rating of “Buy” and a consensus price target of $9.96.

In related news, Director Thomas D. Eckert acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The shares were acquired at an average cost of $9.27 per share, for a total transaction of $92,700.00. Following the completion of the acquisition, the director now directly owns 89,225 shares in the company, valued at approximately $827,115.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Benjamin P. Harris sold 100,000 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $9.55, for a total transaction of $955,000.00. Following the sale, the president now owns 394,141 shares in the company, valued at $3,764,046.55. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

About Gramercy Property Trust

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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