Nomura Asset Management Co. Ltd. decreased its position in Gramercy Property Trust Inc. (NYSE:GPT) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 261,540 shares of the real estate investment trust’s stock after selling 5,300 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Gramercy Property Trust were worth $2,521,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of GPT. Mariner Wealth Advisors LLC raised its position in Gramercy Property Trust by 1.3% in the second quarter. Mariner Wealth Advisors LLC now owns 10,884 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 140 shares during the period. Utah Retirement Systems increased its stake in shares of Gramercy Property Trust by 1.0% in the third quarter. Utah Retirement Systems now owns 10,400 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 100 shares in the last quarter. IFC Holdings Incorporated FL increased its stake in shares of Gramercy Property Trust by 4.2% in the third quarter. IFC Holdings Incorporated FL now owns 10,497 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 424 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Gramercy Property Trust during the second quarter worth $117,000. Finally, Paragon Capital Management Ltd increased its stake in shares of Gramercy Property Trust by 8.0% in the third quarter. Paragon Capital Management Ltd now owns 12,897 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 953 shares in the last quarter.
Gramercy Property Trust Inc. (NYSE:GPT) traded down 1.24% during midday trading on Thursday, hitting $26.97. The company had a trading volume of 649,444 shares. Gramercy Property Trust Inc. has a 52 week low of $20.04 and a 52 week high of $30.09. The firm’s 50 day moving average is $26.93 and its 200-day moving average is $27.80. The firm’s market capitalization is $3.79 billion.
Gramercy Property Trust (NYSE:GPT) last issued its earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. Gramercy Property Trust had a negative net margin of 4.93% and a negative return on equity of 1.04%. The business had revenue of $131.10 million for the quarter, compared to analysts’ expectations of $62.92 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 101.1% compared to the same quarter last year. On average, equities research analysts expect that Gramercy Property Trust Inc. will post ($0.11) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a dividend of $0.125 per share. This is a boost from Gramercy Property Trust’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, December 28th. This represents a $0.50 dividend on an annualized basis and a yield of 1.83%. Gramercy Property Trust’s payout ratio is presently -263.13%.
A number of brokerages have weighed in on GPT. JMP Securities downgraded Gramercy Property Trust from an “outperform” rating to a “market perform” rating in a report on Monday, January 9th. TheStreet downgraded Gramercy Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 11th. Finally, Bank of America Corp. downgraded Gramercy Property Trust from a “buy” rating to a “neutral” rating in a report on Monday, December 5th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Gramercy Property Trust currently has an average rating of “Hold” and a consensus target price of $32.10.
In other Gramercy Property Trust news, President Benjamin P. Harris sold 15,000 shares of the business’s stock in a transaction on Friday, December 23rd. The shares were sold at an average price of $9.02, for a total transaction of $135,300.00. Following the sale, the president now owns 379,141 shares of the company’s stock, valued at approximately $3,419,851.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas D. Eckert bought 50,000 shares of the stock in a transaction on Wednesday, November 9th. The shares were acquired at an average cost of $8.72 per share, for a total transaction of $436,000.00. Following the acquisition, the director now directly owns 109,225 shares in the company, valued at $952,442. The disclosure for this purchase can be found here. Insiders have acquired a total of 150,174 shares of company stock worth $1,287,401 in the last three months. Insiders own 0.96% of the company’s stock.
Gramercy Property Trust Company Profile
Gramercy Property Trust, formerly Chambers Street Properties, is a real estate investment trust, which operates as an investor and asset manager of commercial real estate. Its operating segments include Investments/Corporate and Asset Management. The Investments/Corporate segment includes the Company’s activities related to the investment and ownership of commercial properties located throughout the United States and Europe.
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