Ameriprise Financial Inc. Has $4.97 Million Stake in Gramercy Property Trust (GPT)
Ameriprise Financial Inc. lifted its position in Gramercy Property Trust (NYSE:GPT) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,041 shares of the real estate investment trust’s stock after acquiring an additional 2,228 shares during the quarter. Ameriprise Financial Inc. owned 0.10% of Gramercy Property Trust worth $4,967,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Sii Investments Inc. WI bought a new stake in shares of Gramercy Property Trust in the 2nd quarter worth about $208,000. Wittenberg Investment Management Inc. bought a new stake in shares of Gramercy Property Trust in the 2nd quarter worth about $213,000. Cetera Investment Advisers bought a new stake in shares of Gramercy Property Trust in the 2nd quarter worth about $215,000. Tudor Investment Corp ET AL bought a new stake in shares of Gramercy Property Trust in the 2nd quarter worth about $226,000. Finally, Eqis Capital Management Inc. bought a new stake in shares of Gramercy Property Trust in the 3rd quarter worth about $267,000. Hedge funds and other institutional investors own 91.99% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. ValuEngine raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, SunTrust Banks set a $30.00 target price on shares of Gramercy Property Trust and gave the company a “hold” rating in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $31.25.
In other Gramercy Property Trust news, President Benjamin P. Harris sold 6,371 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $26.73, for a total transaction of $170,296.83. Following the sale, the president now owns 89,730 shares of the company’s stock, valued at approximately $2,398,482.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.96% of the stock is currently owned by insiders.
Gramercy Property Trust (NYSE GPT) opened at $26.66 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.24 and a quick ratio of 0.24. Gramercy Property Trust has a 12-month low of $25.21 and a 12-month high of $31.26. The stock has a market cap of $4,283.44, a P/E ratio of 13.26, a PEG ratio of 1.86 and a beta of 0.54.
Gramercy Property Trust (NYSE:GPT) last issued its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Gramercy Property Trust had a return on equity of 2.60% and a net margin of 14.10%. The firm had revenue of $134.90 million during the quarter, compared to analysts’ expectations of $135.45 million. During the same period in the previous year, the firm earned $0.16 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. research analysts forecast that Gramercy Property Trust will post 2.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 5.63%. The ex-dividend date is Thursday, December 28th. Gramercy Property Trust’s dividend payout ratio is presently 340.92%.
Gramercy Property Trust 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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