Gramercy Property Trust (NYSE:GPT) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,930,087 shares, a decrease of 42.2% from the January 12th total of 3,336,612 shares. Based on an average trading volume of 1,444,432 shares, the short-interest ratio is currently 1.3 days. Currently, 1.2% of the shares of the stock are sold short.
A number of equities research analysts recently commented on the stock. ValuEngine cut shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Zacks Investment Research raised shares of Gramercy Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. SunTrust Banks set a $28.00 price objective on shares of Gramercy Property Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. Finally, Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gramercy Property Trust in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.75.
In related news, President Benjamin P. Harris sold 6,371 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $26.73, for a total value of $170,296.83. Following the sale, the president now directly owns 89,730 shares of the company’s stock, valued at approximately $2,398,482.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the business. Brookfield Asset Management Inc. boosted its stake in shares of Gramercy Property Trust by 3.4% during the 4th quarter. Brookfield Asset Management Inc. now owns 4,172,980 shares of the real estate investment trust’s stock worth $111,252,000 after purchasing an additional 136,657 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Gramercy Property Trust during the 4th quarter worth about $1,934,000. BB&T Securities LLC acquired a new stake in shares of Gramercy Property Trust during the 4th quarter worth about $288,000. Macquarie Group Ltd. boosted its stake in shares of Gramercy Property Trust by 10.8% during the 4th quarter. Macquarie Group Ltd. now owns 1,687,565 shares of the real estate investment trust’s stock worth $44,613,000 after purchasing an additional 165,059 shares during the last quarter. Finally, Verition Fund Management LLC boosted its stake in shares of Gramercy Property Trust by 50.4% during the 4th quarter. Verition Fund Management LLC now owns 24,135 shares of the real estate investment trust’s stock worth $643,000 after purchasing an additional 8,090 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors.
Shares of Gramercy Property Trust (NYSE GPT) opened at $23.03 on Friday. Gramercy Property Trust has a 12 month low of $22.51 and a 12 month high of $31.26. The stock has a market cap of $3,700.00, a PE ratio of 53.56, a price-to-earnings-growth ratio of 1.55 and a beta of 0.45. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.76.
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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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