Northrock Partners Lowers stake in Gramercy Property Trust (GPT)

Gramercy Property Trust (GPT) : Northrock Partners reduced its stake in Gramercy Property Trust by 5.09% during the most recent quarter end. The investment management company now holds a total of 422,589 shares of Gramercy Property Trust which is valued at $3.8 Million after selling 22,644 shares in Gramercy Property Trust , the firm said in a disclosure report filed with the SEC on May 13, 2016.Gramercy Property Trust makes up approximately 1.95% of Northrock Partners’s portfolio.

Other Hedge Funds, Including , Comerica Bank boosted its stake in GPT in the latest quarter, The investment management firm added 636 additional shares and now holds a total of 81,507 shares of Gramercy Property Trust which is valued at $728,673. Gramercy Property Trust makes up approx 0.01% of Comerica Bank’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in GPT in the latest quarter, The investment management firm added 117,801 additional shares and now holds a total of 14,280,925 shares of Gramercy Property Trust which is valued at $127.7 Million. Gramercy Property Trust makes up approx 0.02% of Blackrock Institutional Trust Company N.a.’s portfolio.Great West Life Assurance Co Can boosted its stake in GPT in the latest quarter, The investment management firm added 18,886 additional shares and now holds a total of 42,050 shares of Gramercy Property Trust which is valued at $356,164.

Gramercy Property Trust closed down -0.05 points or -0.57% at $8.77 with 14,79,341 shares getting traded on Wednesday. Post opening the session at $8.82, the shares hit an intraday low of $8.66 and an intraday high of $8.84 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

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