Gramercy Property Trust (NYSE:GPT) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Other equities research analysts also recently issued reports about the stock. JMP Securities downgraded shares of Gramercy Property Trust from a “market outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, August 2nd. TheStreet raised shares of Gramercy Property Trust from a “c+” rating to a “b-” rating in a research note on Monday, June 12th. ValuEngine downgraded shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Finally, Zacks Investment Research raised shares of Gramercy Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $33.50.

Gramercy Property Trust (NYSE:GPT) traded down 0.81% during midday trading on Tuesday, reaching $29.57. 192,527 shares of the company traded hands. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 281.62 and a beta of 0.58. The firm’s 50 day moving average price is $30.07 and its 200 day moving average price is $28.16. Gramercy Property Trust has a 12 month low of $24.09 and a 12 month high of $31.19.

Gramercy Property Trust (NYSE:GPT) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.02. Gramercy Property Trust had a net margin of 4.35% and a return on equity of 0.81%. The firm had revenue of $131.40 million for the quarter, compared to the consensus estimate of $136.30 million. During the same period in the prior year, the business earned $0.18 earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, analysts expect that Gramercy Property Trust will post ($0.11) earnings per share for the current year.

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In related news, insider Nicholas L. Pell sold 11,350 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $29.53, for a total transaction of $335,165.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Benjamin P. Harris sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $29.68, for a total transaction of $148,400.00. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of GPT. Creative Planning bought a new position in Gramercy Property Trust during the first quarter valued at $345,000. Palisade Capital Management LLC NJ bought a new position in Gramercy Property Trust during the first quarter valued at $4,470,000. Hartford Investment Management Co. bought a new position in Gramercy Property Trust during the first quarter valued at $4,905,000. Rehmann Capital Advisory Group bought a new position in Gramercy Property Trust during the first quarter valued at $207,000. Finally, Strs Ohio bought a new position in Gramercy Property Trust during the first quarter valued at $6,668,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

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.

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