Gramercy Property Trust (GPT) : Analyst Rating Update

Gramercy Property Trust (GPT) has an average broker rating of 1.29, which is interpreted as a Strong Buy, as rated by 7 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Gramercy Property Trust (GPT) : The highest level Gramercy Property Trust (GPT) is projected to reach is $11 for the short term and the lowest estimate is at $8. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $9.5 and the possibility the share price can swing is $0.82.

Gramercy Property Trust (NYSE:GPT): The stock was completely flat for the day, closing at $9.44 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $9.40, the stock touched an intraday high of $9.48 and a low of $9.37. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $9.44. The total trading volume on Wednesday was 1,846,934.

Also, Mitsubishi UFJ initiates coverage on Gramercy Property Trust (NYSE:GPT). Mitsubishi UFJ has a Overweight rating on the shares. The rating by the firm was issued on June 28, 2016. The company shares have rallied 29.67% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $9.45 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $8.97 and the 200 Day Moving Average price is recorded at $8.14.

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.

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