Gramercy Property Trust (GPT): Benjamin P Harris , President of Gramercy Property Trust sold 40,000 shares on Jun 30, 2016. The Insider selling transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were sold at $8.98 per share for a total value of $359,196.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 29, 2016, Charles E Black (director) purchased 1,460 shares at $8.84 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.
Gramercy Property Trust: On Friday, Jul 1, 2016 heightened volatility was witnessed in Gramercy Property Trust which led to swings in the share price. The shares opened for trading at $9.23 and hit $9.39 on the upside , eventually ending the session at $9.36, with a gain of 1.52% or 0.14 points. The heightened volatility saw the trading volume jump to 26,68,137 shares. The 52-week high of the share price is $25.1 and the company has a market cap of $3,947 M . The 52-week low of the share price is at $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.