Gramercy Property Trust (GPT) : The consensus on Gramercy Property Trust (GPT) based on 7 analyst recommendation on the company stock is 1.29, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Gramercy Property Trust (GPT) : 7 Wall Street analysts covering Gramercy Property Trust (GPT) believe that the average level the stock could reach for the short term is $9.75. The maximum price target given is $11 and the minimum target for short term is around $8, hence the standard deviation is calculated at $0.99.
For the current week, the company shares have a recommendation consensus of Buy. Also, Mitsubishi UFJ initiates coverage on Gramercy Property Trust (NYSE:GPT) The shares have been rated Overweight. The rating by the firm was issued on June 28, 2016.
Gramercy Property Trust (NYSE:GPT): The stock opened at $9.88 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.94 for the day. The stock traded down to $9.65 during the day, due to lack of any buying support eventually closed down at $9.85 with a loss of -0.61% for the day. The stock had closed at $9.91 on the previous day. The total traded volume was 4,548,292 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.