On a relative basis, the stock has outperformed the S&P 500 by 4.36% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.93% in the last 1 week, and is up 8.92% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 6.26% and the 50-Day Moving Average is 8.9%.
Gramercy Property Trust (NYSE:GPT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.73 and $9.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.77, notching a gain of 1.14% for the day. The total traded volume was 2,522,725 . The stock had closed at $9.66 on the previous day.
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 -6.05% . Institutional Investors own 78.02% of Gramercy Property Trust shares. During last six month period, the net percent change held by insiders has seen a change of -12.29%. In a related news, The Securities and Exchange Commission has divulged that Harris Benjamin P, officer (President) of Gramercy Property Trust, had unloaded 40,000 shares at an average price of $8.98 in a transaction dated on June 30, 2016. The total value of the transaction was worth $359,200.
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.