The Bank of Montreal Can Has $197,000 Position in Gramercy Property Trust (GPT)

The Bank of Montreal Can Has $197,000 Position in Gramercy Property Trust (GPT)

A number of other hedge funds and other institutional investors have also modified their holdings of GPT. Norges Bank acquired a new position in shares of Gramercy Property Trust during the fourth quarter worth approximately $34,886,000. FMR LLC boosted its position in shares of Gramercy Property Trust by 9.2% in the fourth quarter. FMR LLC now owns 27,829,785 shares of the real estate investment trust’s stock worth $255,477,000 after buying an additional 2,339,166 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Gramercy Property Trust by 100.2% in the fourth quarter. Macquarie Group Ltd. now owns 4,383,006 shares of the real estate investment trust’s stock worth $40,236,000 after buying an additional 2,193,847 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Gramercy Property Trust by 30.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,907,434 shares of the real estate investment trust’s stock worth $45,048,000 after buying an additional 1,157,783 shares during the last quarter. Finally, Brookfield Asset Management Inc. boosted its position in shares of Gramercy Property Trust by 6.8% in the third quarter. Brookfield Asset Management Inc. now owns 17,213,082 shares of the real estate investment trust’s stock worth $165,934,000 after buying an additional 1,092,966 shares during the last quarter.

Bank of Montreal Can reduced its position in shares of Gramercy Property Trust (NYSE:GPT) by 64.8% during the first quarter, Holdings Channel reports. The institutional investor owned 7,483 shares of the real estate investment trust’s stock after selling 13,771 shares during the period. Bank of Montreal Can’s holdings in Gramercy Property Trust were worth $197,000 at the end of the most recent reporting period.

Gramercy Property Trust (NYSE:GPT) opened at 30.20 on Monday. The company has a market capitalization of $4.59 billion, a PE ratio of 118.90 and a beta of 0.54. Gramercy Property Trust has a 12 month low of $24.09 and a 12 month high of $30.27. The firm’s 50-day moving average is $28.37 and its 200-day moving average is $27.13.

Gramercy Property Trust (NYSE:GPT) last issued its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.51. The business had revenue of $129.99 million for the quarter, compared to analysts’ expectations of $126.88 million. Gramercy Property Trust had a negative return on equity of 1.04% and a negative net margin of 4.93%. Equities analysts anticipate that Gramercy Property Trust will post ($0.11) EPS for the current fiscal year.

A number of research analysts have commented on GPT shares. Zacks Investment Research upgraded shares of Gramercy Property Trust from a “sell” rating to a “hold” rating in a research report on Monday, March 27th. TheStreet cut shares of Gramercy Property Trust from a “b-” rating to a “c+” rating in a research report on Friday, March 31st. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a research report on Wednesday, May 3rd. Finally, ValuEngine upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Gramercy Property Trust presently has a consensus rating of “Buy” and an average price target of $33.00. About Gramercy Property Trust

Gramercy Property Trust is a real estate investment trust (REIT), which is an investor and asset manager of commercial real estate. The Company’s operating segments include Investments/Corporate and Asset Management. The Investments/Corporate segment includes all of its activities related to the investment and ownership of commercial properties located throughout the United States and Europe.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GPT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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