Gramercy Property Trust (GPT) Receiving Favorable News Coverage, Accern Reports
News coverage about Gramercy Property Trust (NYSE:GPT) has trended positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Gramercy Property Trust earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 44.9837542263353 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Gramercy Property Trust (GPT) Presents At Wells Fargo 6th Annual Net Lease REIT Forum – Slideshow (seekingalpha.com)
- Benjamin P. Harris Sells 9,000 Shares of Gramercy Property Trust (GPT) Stock (americanbankingnews.com)
- Analyzing Gramercy Property Trust (GPT) and Its Competitors (americanbankingnews.com)
- Gramercy Property Trust, Inc. (GPT) presents Dividend Yield at the rate of 4.94% – Voice Of Analysts (analystsbuzz.com)
- Top Dividend Company Aims For Online-Retail Warehouses (finance.yahoo.com)
A number of equities analysts have recently commented on GPT shares. Zacks Investment Research lowered Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. BidaskClub lowered Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. ValuEngine raised Gramercy Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. TheStreet raised Gramercy Property Trust from a “c+” rating to a “b-” rating in a research note on Monday, June 12th. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $31.67.
Shares of Gramercy Property Trust (NYSE GPT) opened at 30.62 on Friday. Gramercy Property Trust has a 52 week low of $24.09 and a 52 week high of $31.19. The firm’s 50-day moving average price is $29.80 and its 200 day moving average price is $28.73. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 291.67 and a beta of 0.58.
Gramercy Property Trust (NYSE:GPT) last issued 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 Zacks’ consensus estimate of $0.51 by ($0.02). Gramercy Property Trust had a return on equity of 0.81% and a net margin of 4.35%. The business had revenue of $131.40 million during the quarter, compared to analysts’ expectations of $136.30 million. During the same quarter in the previous year, the company posted $0.18 EPS. The company’s quarterly revenue was down 5.7% on a year-over-year basis. On average, equities research analysts forecast that Gramercy Property Trust will post ($0.11) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Thursday, September 28th. Gramercy Property Trust’s dividend payout ratio (DPR) is presently 1,666.85%.
In other Gramercy Property Trust news, President Benjamin P. Harris sold 5,000 shares of the stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $29.68, for a total transaction of $148,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicholas L. Pell sold 11,350 shares of the stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $29.53, for a total transaction of $335,165.50. The disclosure for this sale can be found here. Insiders have sold a total of 25,350 shares of company stock valued at $758,066 in the last three months. 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.
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