Gramercy Property Trust (GPT) : The most positive equity analysts on Gramercy Property Trust (GPT) expects the shares to touch $11, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $9.54 with an expected fluctuation of $0.82 from the mean.
Gramercy Property Trust (GPT) has seen a rise of 225,736 shares or 1.1% in the short interest. The remaining shorts are 4.8% of the total floated shares. The net short interest, as on June 30,2016, stood at 20,189,390 shares and the stocks days to cover will be 7 by factoring in the average per day volume of 2,993,453 shares. On June 15,2016, 19,963,654 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Mitsubishi UFJ initiates coverage on Gramercy Property Trust (NYSE:GPT). The shares have now been rated Overweight by the stock experts at the ratings house. The rating by the firm was issued on June 28, 2016.
Gramercy Property Trust (NYSE:GPT): On Thursdays trading session , Opening price of the stock was $9.67 with an intraday high of $9.8. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.65. However, the stock managed to close at $9.66, a loss of 1.02% for the day. On the previous day, the stock had closed at $9.76. The total traded volume of the day was 6,601,997 shares.
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.