Kellner Capital LLC raised its stake in Gramercy Property Trust (NYSE:GPT) by 31.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 603,600 shares of the real estate investment trust’s stock after purchasing an additional 143,300 shares during the quarter. Gramercy Property Trust comprises about 5.9% of Kellner Capital LLC’s investment portfolio, making the stock its 6th biggest position. Kellner Capital LLC’s holdings in Gramercy Property Trust were worth $16,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in Gramercy Property Trust in the second quarter valued at about $146,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Gramercy Property Trust during the third quarter valued at about $168,000. Jane Street Group LLC acquired a new stake in shares of Gramercy Property Trust during the second quarter valued at about $200,000. NN Investment Partners Holdings N.V. acquired a new stake in shares of Gramercy Property Trust during the third quarter valued at about $223,000. Finally, Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of Gramercy Property Trust during the third quarter valued at about $230,000. 86.36% of the stock is currently owned by institutional investors.

Shares of Gramercy Property Trust stock opened at $27.48 on Wednesday. Gramercy Property Trust has a 1-year low of $21.12 and a 1-year high of $31.26.

Separately, Zacks Investment Research downgraded Gramercy Property Trust from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research note on Wednesday, July 25th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $26.50.

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Gramercy Property Trust Company 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.

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

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