Gramercy Property Trust (GPT) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 9.25 from a previous price target of $9 . Stifel advised their investors in a research report released on May 5, 2016.
Gramercy Property Trust opened for trading at $8.47 and hit $8.89 on the upside on Wednesday, eventually ending the session at $8.85, with a gain of 3.75% or 0.32 points. The heightened volatility saw the trading volume jump to 29,62,777 shares. Company has a market cap of $3,726 M.
In a different news, on Mar 23, 2016, Charles E Black (director) purchased 18,470 shares at $8.11 per share price. According to the SEC, on Jan 15, 2016, Thomas D Eckert (director) sold 8,987 shares at $6.92 per share price. On Dec 30, 2015, Benjamin P Harris (President) sold 10,000 shares at $7.80 per share price, according to the Form-4 filing with the securities and exchange commission.
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.