Prime Capital Investment Advisors LLC purchased a new position in shares of Gramercy Property Trust Inc. (NYSE:GPT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,333 shares of the real estate investment trust’s stock, valued at approximately $116,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Jane Street Group LLC bought a new position in Gramercy Property Trust during the 3rd quarter worth approximately $214,000. Neuberger Berman Group LLC bought a new position in Gramercy Property Trust during the 3rd quarter worth approximately $232,000. Janney Montgomery Scott LLC bought a new position in Gramercy Property Trust during the 3rd quarter worth approximately $251,000. MANA Advisors LLC bought a new position in Gramercy Property Trust during the 4th quarter worth approximately $264,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Gramercy Property Trust during the 3rd quarter worth approximately $344,000. Institutional investors and hedge funds own 91.21% of the company’s stock.
Shares of GPT stock traded down $0.36 during trading hours on Monday, reaching $21.37. The company’s stock had a trading volume of 921,289 shares, compared to its average volume of 1,519,087. The firm has a market cap of $3,493.81, a P/E ratio of 10.42, a P/E/G ratio of 2.36 and a beta of 0.56. Gramercy Property Trust Inc. has a one year low of $21.12 and a one year high of $31.26. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.21 and a current ratio of 0.21.
Gramercy Property Trust (NYSE:GPT) last issued its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported $0.52 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.52. The firm had revenue of $149.00 million for the quarter, compared to analyst estimates of $139.00 million. Gramercy Property Trust had a return on equity of 2.93% and a net margin of 15.64%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company earned $0.51 EPS. equities analysts predict that Gramercy Property Trust Inc. will post 2.05 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a dividend of $0.375 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.50 annualized dividend and a dividend yield of 7.02%. Gramercy Property Trust’s dividend payout ratio is presently 73.17%.
Several equities analysts recently issued reports on GPT shares. Zacks Investment Research lowered Gramercy Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Stifel Nicolaus restated a “buy” rating and set a $25.00 price target (down from $31.00) on shares of Gramercy Property Trust in a research report on Thursday, March 1st. SunTrust Banks set a $28.00 price target on Gramercy Property Trust and gave the stock a “hold” rating in a research report on Monday, January 22nd. ValuEngine lowered Gramercy Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada set a $26.00 price objective on Gramercy Property Trust and gave the stock a “hold” rating in a research report on Wednesday, March 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $28.60.
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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