Daiwa Securities Group Inc. boosted its stake in shares of Gramercy Property Trust Inc. (NYSE:GPT) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,321 shares of the real estate investment trust’s stock after buying an additional 600 shares during the period. Daiwa Securities Group Inc.’s holdings in Gramercy Property Trust were worth $141,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Credit Agricole S A increased its position in Gramercy Property Trust by 37.7% in the first quarter. Credit Agricole S A now owns 149,438 shares of the real estate investment trust’s stock valued at $1,262,000 after buying an additional 40,947 shares during the last quarter. ING Groep NV increased its position in Gramercy Property Trust by 188.1% in the first quarter. ING Groep NV now owns 459,490 shares of the real estate investment trust’s stock valued at $3,883,000 after buying an additional 300,000 shares during the last quarter. Cannell Peter B & Co Inc increased its position in Gramercy Property Trust by 135.6% in the first quarter. Cannell Peter B & Co Inc now owns 7,356,751 shares of the real estate investment trust’s stock valued at $62,165,000 after buying an additional 4,234,306 shares during the last quarter. M&T Bank Corp increased its position in Gramercy Property Trust by 2.0% in the first quarter. M&T Bank Corp now owns 42,659 shares of the real estate investment trust’s stock valued at $361,000 after buying an additional 850 shares during the last quarter. Finally, Menta Capital LLC purchased a new position in Gramercy Property Trust during the first quarter valued at $269,000. 82.83% of the stock is owned by hedge funds and other institutional investors.
Gramercy Property Trust Inc. (NYSE:GPT) traded down 0.57% during midday trading on Friday, hitting $8.78. The stock had a trading volume of 5,159,966 shares. The stock’s market cap is $3.70 billion. Gramercy Property Trust Inc. has a one year low of $6.50 and a one year high of $10.03. The firm has a 50 day moving average price of $9.47 and a 200 day moving average price of $9.16.
Gramercy Property Trust (NYSE:GPT) last issued its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The business earned $139.43 million during the quarter, compared to the consensus estimate of $54.15 million. Gramercy Property Trust had a negative return on equity of 0.89% and a negative net margin of 3.93%. The business’s revenue was up 157.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share. Equities analysts expect that Gramercy Property Trust Inc. will post ($0.11) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.44 annualized dividend and a dividend yield of 5.01%. Gramercy Property Trust’s dividend payout ratio is presently -293.31%.
Several equities analysts recently weighed in on the company. Compass Point raised their price objective on Gramercy Property Trust from $10.25 to $11.50 and gave the company a “buy” rating in a research note on Thursday, August 4th. JMP Securities increased their target price on Gramercy Property Trust from $9.50 to $11.00 and gave the company a “market outperform” rating in a report on Thursday, August 4th. Zacks Investment Research upgraded Gramercy Property Trust from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Monday, August 15th. Finally, Mitsubishi UFJ Financial Group initiated coverage on Gramercy Property Trust in a report on Tuesday, June 28th. They set an “overweight” rating and a $10.50 target price on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Gramercy Property Trust has an average rating of “Buy” and an average price target of $9.96.
In related news, President Benjamin P. Harris sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $9.55, for a total transaction of $955,000.00. Following the sale, the president now owns 394,141 shares of the company’s stock, valued at $3,764,046.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas D. Eckert bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The shares were purchased at an average cost of $9.27 per share, for a total transaction of $92,700.00. Following the acquisition, the director now owns 89,225 shares of the company’s stock, valued at $827,115.75. The disclosure for this purchase can be found here. Corporate insiders own 0.96% of the company’s stock.
About Gramercy Property Trust
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. The Company’s 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.
Want to see what other hedge funds are holding GPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gramercy Property Trust Inc. (NYSE:GPT).
Receive News & Ratings for Gramercy Property Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gramercy Property Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.