Compass Point Reiterates “Buy” Rating for Gramercy Property Trust (GPT)

Gramercy Property Trust (NYSE:GPT)‘s stock had its “buy” rating restated by stock analysts at Compass Point in a research note issued on Monday. They presently have a $34.00 target price on the real estate investment trust’s stock, up from their prior target price of $30.00. Compass Point’s target price indicates a potential upside of 11.99% from the company’s previous close.

GPT has been the topic of a number of other research reports. TheStreet upgraded shares of Gramercy Property Trust from a “c” rating to a “b-” rating in a report on Wednesday, March 1st. ValuEngine upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, May 3rd. Finally, Zacks Investment Research lowered shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Monday, April 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $32.88.

Analyst Recommendations for Gramercy Property Trust (NYSE:GPT)

Gramercy Property Trust (GPT) opened at 30.36 on Monday. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 119.53 and a beta of 0.58. Gramercy Property Trust has a 12-month low of $24.09 and a 12-month high of $30.96. The company has a 50-day moving average price of $29.13 and a 200 day moving average price of $27.52.

Gramercy Property Trust (NYSE:GPT) last posted its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. The business had revenue of $129.99 million for the quarter, compared to analyst estimates of $126.88 million. Gramercy Property Trust had a net margin of 8.24% and a return on equity of 1.59%. On average, equities research analysts predict that Gramercy Property Trust will post ($0.11) EPS for the current year.

The company also recently disclosed 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 dividend on an annualized basis and a yield of 4.94%. Gramercy Property Trust’s dividend payout ratio is currently 652.15%.

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Institutional investors have recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI raised its position in shares of Gramercy Property Trust by 22.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 14,465 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 2,692 shares in the last quarter. Capital Analysts LLC purchased a new position in shares of Gramercy Property Trust during the first quarter worth approximately $139,000. Rehmann Capital Advisory Group purchased a new position in shares of Gramercy Property Trust during the first quarter worth approximately $207,000. Financial Consulate Inc. purchased a new position in shares of Gramercy Property Trust during the first quarter worth approximately $225,000. Finally, Karp Capital Management Corp purchased a new position in shares of Gramercy Property Trust during the first quarter worth approximately $256,000. Hedge funds and other institutional investors own 81.61% of the company’s stock.

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.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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