Gramercy Property Trust (NYSE:GPT) has tumbled 1.32% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.05% in the last four weeks. The stocks have underperformed the S&P 500 by 0.14% during the past week but Gramercy Property Trust (NYSE:GPT) it has outperformed the index in 4 weeks by 1.12%.
Gramercy Property Trust (NYSE:GPT): The stock opened at $9.05 on Friday but the bulls could not build on the opening and the stock topped out at $9.10 for the day. The stock traded down to $8.88 during the day, due to lack of any buying support eventually closed down at $8.97 with a loss of -0.99% for the day. The stock had closed at $9.06 on the previous day. The total traded volume was 6,699,632 shares.
The company shares have rallied 9.93% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $9.27 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $8.91 and the 200 Day Moving Average price is recorded at $7.99.
On the companys insider trading activities, Harris Benjamin P, officer (President) of Gramercy Property Trust, unloaded 15,000 shares at an average price of $8.42 on March 31, 2016. The total amount of the transaction was worth $126,300, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Stifel Nicolaus maintains the rating on Gramercy Property Trust (NYSE:GPT). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $9.25 per share to $9.5 per share. The rating by the firm was issued on May 13, 2016. Currently the company Insiders own 1.94% of Gramercy Property Trust shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 0.51% . Institutional Investors own 78.93% of Gramercy Property Trust shares. During last six month period, the net percent change held by insiders has seen a change of 9.4%.
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.