Gramercy Property Trust (NYSE:GPT) – Research analysts at DA Davidson raised their Q1 2018 earnings estimates for Gramercy Property Trust in a research note issued to investors on Wednesday, Zacks Investment Research reports. DA Davidson analyst B. Oxford now forecasts that the real estate investment trust will post earnings per share of $0.56 for the quarter, up from their prior forecast of $0.55. DA Davidson also issued estimates for Gramercy Property Trust’s Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.60 EPS and FY2018 earnings at $2.30 EPS.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Monday, April 3rd. TheStreet lowered shares of Gramercy Property Trust from a “b-” rating to a “c+” rating in a report on Friday, March 31st. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, May 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $33.00. Gramercy Property Trust (NYSE:GPT) traded down 0.850% on Thursday, hitting $27.405. The company’s stock had a trading volume of 376,461 shares. Gramercy Property Trust has a 1-year low of $24.09 and a 1-year high of $30.09. The company has a 50 day moving average price of $27.31 and a 200-day moving average price of $26.87. The company has a market capitalization of $4.16 billion, a P/E ratio of 107.894 and a beta of 0.54.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.50 annualized dividend and a yield of 5.43%. Gramercy Property Trust’s dividend payout ratio (DPR) is presently -263.13%. Several large investors have recently modified their holdings of GPT. Capital Analysts LLC bought a new stake in shares of Gramercy Property Trust during the first quarter worth approximately $139,000. Rehmann Capital Advisory Group bought a new stake in shares of Gramercy Property Trust during the first quarter worth approximately $207,000. Financial Consulate Inc. bought a new stake in shares of Gramercy Property Trust during the first quarter worth approximately $225,000. Karp Capital Management Corp bought a new stake in shares of Gramercy Property Trust during the first quarter worth approximately $256,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Gramercy Property Trust during the first quarter worth approximately $288,000.
Gramercy Property Trust Company Profile 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.
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