Private Management Group Inc. reduced its stake in Gramercy Property Trust (NYSE:GPT) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,140,307 shares of the real estate investment trust’s stock after selling 8,928 shares during the period. Gramercy Property Trust comprises approximately 1.8% of Private Management Group Inc.’s investment portfolio, making the stock its 14th largest position. Private Management Group Inc. owned 0.71% of Gramercy Property Trust worth $34,494,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Gramercy Property Trust by 389,160.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,764,543 shares of the real estate investment trust’s stock valued at $141,554,000 after purchasing an additional 4,763,319 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Gramercy Property Trust by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,069,749 shares of the real estate investment trust’s stock worth $31,782,000 after buying an additional 48,313 shares during the period. Prudential Financial Inc. boosted its position in Gramercy Property Trust by 425.9% during the 2nd quarter. Prudential Financial Inc. now owns 868,760 shares of the real estate investment trust’s stock worth $25,811,000 after buying an additional 703,579 shares during the period. BT Investment Management Ltd acquired a new stake in Gramercy Property Trust during the 2nd quarter worth approximately $4,020,000. Finally, Public Employees Retirement System of Ohio boosted its position in Gramercy Property Trust by 0.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 58,547 shares of the real estate investment trust’s stock worth $1,540,000 after buying an additional 209 shares during the period. Institutional investors own 87.35% of the company’s stock.

Gramercy Property Trust (NYSE:GPT) traded down $0.44 on Wednesday, reaching $28.90. 904,400 shares of the company’s stock were exchanged, compared to its average volume of 957,399. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.76. The stock has a market cap of $4,714.07, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 2.02 and a beta of 0.57. Gramercy Property Trust has a 1 year low of $24.75 and a 1 year high of $31.26.

Gramercy Property Trust (NYSE:GPT) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The firm had revenue of $134.90 million for the quarter, compared to analysts’ expectations of $135.45 million. Gramercy Property Trust had a return on equity of 2.60% and a net margin of 14.10%. Gramercy Property Trust’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. sell-side analysts forecast that Gramercy Property Trust will post 2.07 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend is Thursday, December 28th. Gramercy Property Trust’s dividend payout ratio is 340.92%.

In related news, President Benjamin P. Harris sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $30.50, for a total value of $274,500.00. Following the transaction, the president now directly owns 96,101 shares of the company’s stock, valued at approximately $2,931,080.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.36% of the stock is owned by insiders.

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Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Bank of America Corporation lowered shares of Gramercy Property Trust from a “neutral” rating to an “underperform” rating and set a $30.00 price objective for the company. in a research note on Wednesday, August 16th. BidaskClub lowered shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. TheStreet lowered shares of Gramercy Property Trust from a “b-” rating to a “c” rating in a research note on Tuesday, August 1st. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $31.25.

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.

Institutional Ownership by Quarter for Gramercy Property Trust (NYSE:GPT)

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