Gramercy Property Trust (GPT): Charles E Black , director of Gramercy Property Trust purchased 1,460 shares on Jun 28, 2016. The Insider buying transaction was reported by the company on Jun 29, 2016 to the Securities and Exchange Commission. The shares were purchased at $8.84 per share for a total value of $12,906.40 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 23, 2016, Charles E Black (director) purchased 18,470 shares at $8.11 per share price.On Jan 15, 2016, Thomas D Eckert (director) sold 8,987 shares at $6.92 per share price.Also, On Dec 30, 2015, Benjamin P Harris (President) sold 10,000 shares at $7.80 per share price.
Shares of Gramercy Property Trust (GPT) ended Monday, Jun 27, 2016 session in red amid volatile trading. The shares closed down -0.33 points or -3.67% at $8.66 with 28,16,015 shares getting traded. Post opening the session at $8.92, the shares hit an intraday low of $8.615 and an intraday high of $8.94 and the price vacillated in this range throughout the day. The company has a market cap of $3,651 M and the number of outstanding shares has been calculated to be 42,16,37,220 shares. The 52-week high of Gramercy Property Trust is $25.1 and the 52-week low is $6.5.
Company has been under the radar of several Street Analysts.Gramercy Property Trust is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 9.25 from a previous price target of $9 .The Rating was issued on May 5, 2016.
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.