City Financial Investment Co Ltd boosted its position in shares of Gramercy Property Trust (NYSE:GPT) by 12.9% during the third quarter, HoldingsChannel reports. The firm owned 170,558 shares of the real estate investment trust’s stock after buying an additional 19,540 shares during the quarter. City Financial Investment Co Ltd’s holdings in Gramercy Property Trust were worth $4,680,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new stake in Gramercy Property Trust during the second quarter worth $146,000. Stratos Wealth Partners LTD. purchased a new stake in Gramercy Property Trust during the third quarter worth $168,000. Jane Street Group LLC purchased a new stake in Gramercy Property Trust during the second quarter worth $200,000. NN Investment Partners Holdings N.V. purchased a new stake in Gramercy Property Trust during the third quarter worth $223,000. Finally, Sumitomo Mitsui Asset Management Company LTD purchased a new stake in Gramercy Property Trust during the third quarter worth $230,000. Institutional investors own 86.36% of the company’s stock.

Shares of NYSE:GPT opened at $27.48 on Monday. Gramercy Property Trust has a 52-week low of $21.12 and a 52-week high of $31.26.

Separately, Zacks Investment Research downgraded Gramercy Property Trust from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. Gramercy Property Trust has a consensus rating of “Hold” and a consensus price target of $26.50.

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Gramercy Property Trust Profile

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.

Further Reading: How to calculate the intrinsic value of a stock

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

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