TCW Group Inc. Acquires New Stake in Gramercy Property Trust (GPT)

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13 September, 2017

ValuEngine cut Gramercy Property Trust from a "buy" recommendation to a "hold" recommendation in a study on Wed, May 24th. BidaskClub cut Gramercy Property Trust from a "buy" recommendation to a "hold" recommendation in a study on Tue, Jun 20th. Two research experts recommended the company shares with a sell recommendation, two have published a hold recommendation and four have published a buy recommendation to the firms shares. Gramercy Property Trust has a consensus rating of "Hold" and an average target price of $31.67.

Stocks of Gramercy Property Trust (NYSE:GPT) started trading at 30.56 on early Tue.

The counter witnessed a trading volume of 3.57 million shares versus an average volume of 0.79 million shares during last trading session. Gramercy Property Trust has a 52-week low of $21.00 and a 52-week high of $30.09.

The company has a market cap of $4.65 billion, a price-to-earnings ratio of 291.62 and a beta of 0.58. The firm's 50 day moving average price is $29.73 and its 200 day moving average price is $28.66.

Gramercy Property Trust (NYSE:GPT) last released its quarterly earnings results on Tuesday, August 1st. Sumitomo Mitsui Asset Management Company LTD now owns 18,974 shares of the real estate investment trust's stock valued at $174,000 after buying an additional 5,300 shares during the period. Gramercy Property Trust had a return on equity of 0.81% and a net margin of 4.35%. The business had revenue of $131.40 million during the quarter, compared to analyst estimates of $136.30 million. Analysts expect next quarter's EPS to be $0.08 and the next full year EPS is projected to be $0.38. The company's revenue for the quarter was down 5.7% compared to the same quarter a year ago. As of the last earnings report the EPS was $0.10 and is estimated to be $-0.11 for the current year with 151,916,000 shares now outstanding. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & global copyright laws. The original version of this piece of content can be read at https://www.truebluetribune.com/2017/09/13/rhumbline-advisers-acquires-12220-shares-of-gramercy-property-trust-gpt.html.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.375 dividend. The dividend will be $0.375 per share for the quarter which comes to $1.50 on an annualized basis. The ex-dividend date of this dividend is Thursday, September 28th. Gramercy Property Trust's payout ratio is 1,666.85%. Also, President Benjamin P. Harris sold 15,000 shares of the business's stock in a transaction that occurred on Friday, December 23rd. The stock was sold at an average price of $29.53, for a total value of $335,165.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. The disclosure for this sale can be found here. Executives own 1.36% of the firms stock. Analysts predict that Gramercy Property Trust will post ($0.11) EPS for the current year. Vanguard Group Inc. now owns 23,462,198 shares of the real estate investment trust's stock worth $697,062,000 after acquiring an additional 1,437,301 shares during the period. First Manhattan Co expanded its position by buying 1,444 shares an increase of 75.5%. BlackRock Inc. now owns 13,137,418 shares of the real estate investment trust's stock valued at $390,312,000 after buying an additional 922,014 shares during the last quarter. Finally, Palisade Capital Management LLC NJ lifted its position in shares of Gramercy Property Trust by 1.0% in the second quarter. Westpac Banking held 0.09% of Gramercy Property Trust valued $4,020,000 during the latest fiscal quarter. JPMorgan Chase & Co. raised its position in shares of Gramercy Property Trust by 389,160.0% during the 2nd quarter. The investment company owned 135,300 stocks of the real estate investment trust's shares after unloading 173,100 shares through out the period. While looking the figure depicted by the Price to Earning we can suggest that the shares of Gramercy Property Trust Inc. Victory Capital Management has an ownership of 1,265,259 stocks of the real estate investment trust's shares valued at $37,591,000 following acquiring an extra 1,264,392 stocks in the previous period.

Want to see what other hedge funds are holding GPT?

Investors are more bearish on shares of Gramercy Property Trust lately if you watch the change in short interest. (NYSE:THC) established that the company was able to keep return on investment at - in the trailing twelve month while Reuters data showed that industry's average stands at 5.27 and sector's optimum level is 15.20.


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