Gramercy Property Trust (NYSE:GPT) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 6,262,778 shares, an increase of 63.1% from the August 15th total of 3,838,744 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average daily volume of 1,105,396 shares, the days-to-cover ratio is presently 5.7 days.

GPT has been the topic of a number of research analyst reports. Zacks Investment Research raised Gramercy Property Trust from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Thursday, July 5th. LADENBURG THALM/SH SH reaffirmed a “neutral” rating on shares of Gramercy Property Trust in a report on Thursday, May 31st. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of Gramercy Property Trust in a report on Tuesday, July 10th. Finally, Citigroup downgraded Gramercy Property Trust to a “neutral” rating and set a $27.50 target price on the stock. in a report on Tuesday, July 10th. Nine research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average price target of $26.50.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lido Advisors LLC lifted its stake in shares of Gramercy Property Trust by 7.1% in the 2nd quarter. Lido Advisors LLC now owns 35,852 shares of the real estate investment trust’s stock valued at $979,000 after acquiring an additional 2,375 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Gramercy Property Trust by 3.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 71,122 shares of the real estate investment trust’s stock valued at $1,542,000 after acquiring an additional 2,405 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Gramercy Property Trust by 15.1% in the 1st quarter. Hsbc Holdings PLC now owns 20,309 shares of the real estate investment trust’s stock valued at $442,000 after acquiring an additional 2,667 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Gramercy Property Trust by 16.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 21,444 shares of the real estate investment trust’s stock valued at $467,000 after acquiring an additional 3,041 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its stake in shares of Gramercy Property Trust by 20.8% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 23,818 shares of the real estate investment trust’s stock valued at $651,000 after acquiring an additional 4,100 shares during the last quarter. Institutional investors own 86.36% of the company’s stock.

Shares of GPT stock opened at $27.41 on Wednesday. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.94 and a beta of 0.76. Gramercy Property Trust has a fifty-two week low of $21.12 and a fifty-two week high of $31.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 3.63 and a current ratio of 3.63.

Gramercy Property Trust (NYSE:GPT) last issued its earnings results on Monday, July 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Gramercy Property Trust had a return on equity of 3.93% and a net margin of 20.65%. The firm had revenue of $145.60 million for the quarter, compared to the consensus estimate of $148.34 million. analysts forecast that Gramercy Property Trust will post 2.02 earnings per share for the current year.

About Gramercy Property Trust

Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing high quality, income producing commercial real estate leased to high quality tenants in major markets in the United States and Europe.

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