Hilton Capital Management buys $15,478,798 stake in Gramercy Property Trust (GPT)

Gramercy Property Trust (GPT) : Hilton Capital Management scooped up 100,394 additional shares in Gramercy Property Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 1,610,697 shares of Gramercy Property Trust which is valued at $15,478,798.Gramercy Property Trust makes up approximately 5.09% of Hilton Capital Management’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in GPT in the latest quarter, The investment management firm added 1,265,568 additional shares and now holds a total of 1,341,056 shares of Gramercy Property Trust which is valued at $12,887,548. Gramercy Property Trust makes up approx 0.01% of American Century Companies Inc’s portfolio.Investors Asset Management Of Georgia Inc Ga Adv reduced its stake in GPT by selling 568 shares or 3.11% in the most recent quarter. The Hedge Fund company now holds 17,675 shares of GPT which is valued at $173,392. Gramercy Property Trust makes up approx 0.13% of Investors Asset Management Of Georgia Inc Ga Adv’s portfolio.Berkshire Asset Managementpa reduced its stake in GPT by selling 27,910 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 27,910 shares of GPT which is valued at $275,193. Gramercy Property Trust makes up approx 0.04% of Berkshire Asset Managementpa’s portfolio.Creative Planning boosted its stake in GPT in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 30,384 shares of Gramercy Property Trust which is valued at $296,548.

Gramercy Property Trust opened for trading at $9.76 and hit $10.03 on the upside on Friday, eventually ending the session at $9.99, with a gain of 1.73% or 0.17 points. The heightened volatility saw the trading volume jump to 41,27,529 shares. Company has a market cap of $4,212 M.

Many Wall Street Analysts have commented on Gramercy Property Trust. Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 9.25 from a previous price target of $9 .

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.

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