Zacks Rating on Gramercy Property Trust (GPT)

Gramercy Property Trust (GPT) : 8 analysts are covering Gramercy Property Trust (GPT) and their average rating on the stock is 1.25, which is read as a Strong Buy. 7 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 2, which recommends a Buy 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 (GPT) : The most positive equity analysts on Gramercy Property Trust (GPT) expects the shares to touch $12, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $10.39 with an expected fluctuation of $1.24 from the mean.


Shares of Gramercy Property Trust Inc. appreciated by 0.31% during the last five trading days but lost 1.03% on a 4-week basis. Gramercy Property Trust Inc. is up 10.59% in the last 3-month period. Year-to-Date the stock performance stands at 28.04%. Gramercy Property Trust (NYSE:GPT): stock turned positive on Tuesday. Though the stock opened at $9.55, the bulls momentum made the stock top out at $9.6896 level for the day. The stock recorded a low of $9.54 and closed the trading day at $9.63, in the green by 1.16%. The total traded volume for the day was 1,681,213. The stock had closed at $9.52 in the previous days trading.

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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