Gramercy Property Trust (GPT) has been under a strong bear grip, hence the stock is down -2.69% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.47% in the past 1 week. The stock has risen by 2.99% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.82% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.34% and the 50-Day Moving Average is 0.33%.The 200 Day SMA reached 16.8%. Gramercy Property Trust Inc. is up 8.13% in the last 3-month period. Year-to-Date the stock performance stands at 28.18%.
Gramercy Property Trust (NYSE:GPT): After opening at $9.61, the stock dipped to an intraday low of $9.6 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.86 and the buying power remained strong till the end. The stock closed at $9.64 for the day, a gain of 1.26% for the day session. The total traded volume was 2,325,832. The stocks close on the previous trading day was $9.52.
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.