Gramercy Property Trust (GPT) : Mesirow Financial Investment Management Us Value Equity reduced its stake in Gramercy Property Trust by 16.67% during the most recent quarter end. The investment management company now holds a total of 285,691 shares of Gramercy Property Trust which is valued at $2.6 Million after selling 57,141 shares in Gramercy Property Trust , the firm said in a disclosure report filed with the SEC on May 11, 2016.Gramercy Property Trust makes up approximately 1.17% of Mesirow Financial Investment Management Us Value Equity’s portfolio.
Other Hedge Funds, Including , Sunbelt Securities boosted its stake in GPT in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 3,138 shares of Gramercy Property Trust which is valued at $28,054. Gramercy Property Trust makes up approx 0.03% of Sunbelt Securities’s portfolio.Waterfront Capital Partners reduced its stake in GPT by selling 499,050 shares or 30.95% in the most recent quarter. The Hedge Fund company now holds 1,113,450 shares of GPT which is valued at $10 Million. Gramercy Property Trust makes up approx 1.63% of Waterfront Capital Partners’s portfolio.Hilton Capital Management reduced its stake in GPT by selling 68,390 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 1,510,303 shares of GPT which is valued at $13.5 Million. Gramercy Property Trust makes up approx 4.63% of Hilton Capital Management’s portfolio.
Gramercy Property Trust opened for trading at $8.93 and hit $9.07 on the upside on Monday, eventually ending the session at $9.06, with a gain of 1.34% or 0.12 points. The heightened volatility saw the trading volume jump to 28,28,572 shares. Company has a market cap of $3,820 M.
Many Wall Street Analysts have commented on Gramercy Property Trust. Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 9.25 from a previous price target of $9 .
Gramercy Property Trust formerly Chambers Street Properties is an investor and asset manager of commercial real estate and operates as a real estate investment trust (REIT). The Company specializes in acquiring and managing single-tenant net leased industrial and office properties in the United States and Europe markets. The Company has two operating segments: Investments/Corporate and Asset Management. The Investments/Corporate segment includes all of the Company’s activities related to investment and ownership of commercial properties net leased to tenants throughout the United States. The Asset Management segment includes all of the Company’s activities related to third-party asset and property management of commercial properties located throughout the United States and Europe.