Hilton Capital Management buys $16,251,941 stake in Gramercy Property Trust (GPT)

Gramercy Property Trust (GPT) : Hilton Capital Management scooped up 193,070 additional shares in Gramercy Property Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 1,803,767 shares of Gramercy Property Trust which is valued at $16,251,941.Gramercy Property Trust makes up approximately 4.23% of Hilton Capital Management’s portfolio.

Other Hedge Funds, Including , Carroll Financial Associates reduced its stake in GPT by selling 48,090 shares or 95.09% in the most recent quarter. The Hedge Fund company now holds 2,484 shares of GPT which is valued at $22,381.Bnp Paribas Arbitrage Sa boosted its stake in GPT in the latest quarter, The investment management firm added 20,130 additional shares and now holds a total of 39,453 shares of Gramercy Property Trust which is valued at $356,261. Washington Trust Bank added GPT to its portfolio by purchasing 113 company shares during the most recent quarter which is valued at $1,020.

Gramercy Property Trust closed down -0.25 points or -2.77% at $8.76 with 58,34,235 shares getting traded on Tuesday. Post opening the session at $8.95, the shares hit an intraday low of $8.72 and an intraday high of $8.975 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Gramercy Property Trust reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.17. The company had revenue of $139.40 million for the quarter, compared to analysts expectations of $124.93 million. The company’s revenue was up 157.7% compared to the same quarter last year.

Many Wall Street Analysts have commented on Gramercy Property Trust. Company shares were Reiterated by Compass Point on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 11.50 from a previous price target of $10.25 .

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.

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