Gramercy Property Trust Inc. (NYSE:GPT) Director Thomas D. Eckert purchased 10,000 shares of the company’s stock in a transaction on Friday, September 16th. The shares were bought at an average price of $9.27 per share, for a total transaction of $92,700.00. Following the completion of the transaction, 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 can be accessed through this link.

Shares of Gramercy Property Trust Inc. (NYSE:GPT) opened at 9.71 on Friday. Gramercy Property Trust Inc. has a 12-month low of $6.34 and a 12-month high of $10.03. The company’s market capitalization is $4.10 billion. The company has a 50 day moving average of $9.59 and a 200-day moving average of $9.04.

Gramercy Property Trust (NYSE:GPT) last posted its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 quarter in the prior year, the firm earned $0.13 EPS. The firm’s quarterly revenue was up 157.7% compared to the same quarter last year. On average, equities analysts anticipate that Gramercy Property Trust Inc. will post ($0.11) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Wednesday, September 28th. Gramercy Property Trust’s payout ratio is -293.31%.

Several large investors have recently bought and sold shares of GPT. Palisade Capital Management LLC NJ raised its stake in Gramercy Property Trust by 13.6% in the first quarter. Palisade Capital Management LLC NJ now owns 604,519 shares of the real estate investment trust’s stock valued at $5,108,000 after buying an additional 72,237 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Gramercy Property Trust by 2.3% in the first quarter. JPMorgan Chase & Co. now owns 2,234,540 shares of the real estate investment trust’s stock valued at $18,882,000 after buying an additional 50,050 shares during the last quarter. BlackRock Japan Co. Ltd raised its stake in 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 during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Gramercy Property Trust by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 14,280,925 shares of the real estate investment trust’s stock valued at $120,674,000 after buying an additional 117,801 shares during the last quarter. Finally, BlackRock Group LTD raised its stake in Gramercy Property Trust by 8.8% in the first quarter. BlackRock Group LTD now owns 3,375,209 shares of the real estate investment trust’s stock valued at $28,519,000 after buying an additional 271,802 shares during the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on GPT shares. Compass Point boosted their price target on shares of 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 restated a “buy” rating on shares of Gramercy Property Trust in a research report on Tuesday, September 13th. Zacks Investment Research upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Monday, August 15th. TheStreet upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 3rd. Finally, Mitsubishi UFJ Financial Group started coverage on shares of Gramercy Property Trust in a research report on Tuesday, June 28th. They set an “overweight” rating and a $10.50 price target on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $9.96.

Gramercy Property Trust Company Profile

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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