Gramercy Property Trust (GPT) : Northrock Partners reduced its stake in Gramercy Property Trust by 3.01% during the most recent quarter end. The investment management company now holds a total of 409,872 shares of Gramercy Property Trust which is valued at $4,016,746 after selling 12,717 shares in Gramercy Property Trust , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Gramercy Property Trust makes up approximately 1.73% of Northrock Partners’s portfolio.
Other Hedge Funds, Including , Gerstein Fisher reduced its stake in GPT by selling 25 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 53,587 shares of GPT which is valued at $526,760. Gramercy Property Trust makes up approx 0.07% of Gerstein Fisher’s portfolio.Neuberger Berman Group boosted its stake in GPT in the latest quarter, The investment management firm added 2,671 additional shares and now holds a total of 18,945 shares of Gramercy Property Trust which is valued at $187,934.
Gramercy Property Trust closed down -0.08 points or -0.83% at $9.52 with 20,64,524 shares getting traded on Friday. Post opening the session at $9.6, the shares hit an intraday low of $9.4601 and an intraday high of $9.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.
Many Wall Street Analysts have commented on Gramercy Property Trust. Company shares were Reiterated by Compass Point on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 11.50 from a previous price target of $10.25 .
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.