Short Term Price Target on Gramercy Property Trust (GPT)

Gramercy Property Trust (NYSE:GPT) : The highest level Gramercy Property Trust (NYSE: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.

Shares of Gramercy Property Trust Inc. rose by 2.85% in the last five trading days and 4.93% for the last 4 weeks. Gramercy Property Trust Inc. is up 10.13% in the last 3-month period. Year-to-Date the stock performance stands at 22.59%. Also, Stifel Nicolaus maintains their rating on the shares of Gramercy Property Trust (NYSE:GPT). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $9.5 per share from $9.25 per share. The rating by the firm was issued on May 13, 2016.

Gramercy Property Trust (NYSE:GPT) : 7 analysts are covering Gramercy Property Trust (NYSE:GPT) and their average rating on the stock is 1.29, which is read as a Strong Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Gramercy Property Trust (NYSE:GPT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.95 and $8.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.22, notching a gain of 2.79% for the day. The total traded volume was 2,682,384 . The stock had closed at $8.97 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Harris Benjamin P, officer (President) of Gramercy Property Trust, had unloaded 15,000 shares at an average price of $8.42 in a transaction dated on March 31, 2016. The total value of the transaction was worth $126,300.

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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