Analysts Set Expectations for Gramercy Property Trust’s Q1 2018 Earnings (GPT)
Gramercy Property Trust (NYSE:GPT) – Equities research analysts at SunTrust Banks issued their Q1 2018 earnings per share (EPS) estimates for shares of Gramercy Property Trust in a note issued to investors on Sunday. SunTrust Banks analyst K. Kim anticipates that the real estate investment trust will post earnings per share of $0.54 for the quarter. SunTrust Banks also issued estimates for Gramercy Property Trust’s Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.55 EPS, FY2019 earnings at $2.24 EPS, FY2020 earnings at $2.33 EPS and FY2021 earnings at $2.39 EPS.
Gramercy Property Trust (NYSE:GPT) last released 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 company had revenue of $131.40 million during the quarter, compared to the consensus estimate of $136.30 million. During the same period in the previous year, the company earned $0.18 earnings per share. Gramercy Property Trust’s quarterly revenue was down 5.7% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: This news story was first posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2017/09/21/analysts-set-expectations-for-gramercy-property-trusts-q1-2018-earnings-gpt.html.
Several other equities analysts have also recently issued reports on GPT. ValuEngine cut shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. TheStreet raised shares of Gramercy Property Trust from a “c+” rating to a “b-” rating in a research note on Monday, June 12th. Compass Point reiterated a “buy” rating and issued a $34.00 price objective (up from $30.00) on shares of Gramercy Property Trust in a research report on Monday, June 19th. BidaskClub lowered shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, JMP Securities lowered shares of Gramercy Property Trust from a “market outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Gramercy Property Trust currently has an average rating of “Hold” and a consensus price target of $31.67.
Shares of Gramercy Property Trust (NYSE GPT) traded up 0.26% during trading on Wednesday, hitting $30.65. 98,799 shares of the company’s stock were exchanged. The stock has a market cap of $4.66 billion, a P/E ratio of 291.90 and a beta of 0.58. The firm has a 50-day moving average price of $29.84 and a 200-day moving average price of $28.81. Gramercy Property Trust has a one year low of $24.09 and a one year high of $31.19.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.91%. The ex-dividend date is Thursday, September 28th. Gramercy Property Trust’s dividend payout ratio (DPR) is currently 1,666.85%.
In related news, insider Nicholas L. Pell sold 11,350 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was 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 SEC, which can be accessed through the SEC website. Also, President Benjamin P. Harris sold 9,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $30.50, for a total value of $274,500.00. Following the transaction, the president now owns 96,101 shares in the company, valued at $2,931,080.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,350 shares of company stock valued at $758,066. Company insiders own 0.96% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Penserra Capital Management LLC lifted its stake in Gramercy Property Trust by 16.1% in the second quarter. Penserra Capital Management LLC now owns 3,914 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 542 shares during the last quarter. Sii Investments Inc. WI acquired a new position in shares of Gramercy Property Trust during the second quarter valued at $208,000. Wittenberg Investment Management Inc. acquired a new position in shares of Gramercy Property Trust during the second quarter valued at $213,000. Cetera Investment Advisers acquired a new position in shares of Gramercy Property Trust during the second quarter valued at $215,000. Finally, GW&K Investment Management LLC acquired a new position in shares of Gramercy Property Trust during the second quarter valued at $218,000. Institutional investors own 92.11% of the company’s stock.
Gramercy Property Trust Company Profile
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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