Gramercy Property Trust (GPT) has an average broker rating of 1.25, which is interpreted as a Strong Buy, as rated by 8 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Gramercy Property Trust (GPT) : The highest level Gramercy Property Trust (GPT) is projected to reach is $12 for the short term and the lowest estimate is at $8. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $10.61 and the possibility the share price can swing is $1.14.
Also, Brokerage firm JMP Securities maintains its rating on Gramercy Property Trust (NYSE:GPT). As per the latest information, the brokerage house raises the price target to $11 per share from a prior target of $9.5. The shares have been rated Market Outperform. The rating by the firm was issued on August 4, 2016.
Gramercy Property Trust (NYSE:GPT): After opening at $9.13, the stock dipped to an intraday low of $9.08 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.33 and the buying power remained strong till the end. The stock closed at $9.33 for the day, a gain of 2.19% for the day session. The total traded volume was 3,871,643. The stocks close on the previous trading day was $9.13.
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 Companys 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 Companys activities related to third-party asset and property management of commercial properties located throughout the United States and Europe.