Gramercy Property Trust (GPT) was Reiterated by Compass Point to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 11.50 from a previous price target of $10.25 . Compass Point advised their investors in a research report released on Aug 4, 2016.
On the company’s financial health, Gramercy Property Trust reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.17. The company had revenue of $139.40 million for the quarter, compared to analysts expectations of $124.93 million. The company’s revenue was up 157.7% compared to the same quarter last year.
Gramercy Property Trust (GPT) witnessed a volatile trading activity on Tusday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $9.87 and reached the intraday high at $9.94. The bulls started the profit booking and pushed the shares to intraday low of $9.81. The trading session was marked by a volume range of 33,61,855 shares exchanging hands. The 52-week high of the shares is $10.03 and the 52-week low is $6.34. The market cap of the company stands at $4,178 M and there are 42,16,37,220 shares in public circulation.
In a different news, on Jul 5, 2016, Benjamin P Harris (President) sold 40,000 shares at $8.98 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.
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.