Gramercy Property Trust (NYSE:GPT) Stake Reduced by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. cut its stake in shares of Gramercy Property Trust (NYSE:GPT) by 66.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 91,870 shares of the real estate investment trust’s stock after selling 184,130 shares during the period. Nomura Asset Management Co. Ltd. owned 0.06% of Gramercy Property Trust worth $2,416,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GPT. Public Employees Retirement System of Ohio boosted its position in Gramercy Property Trust by 0.4% in the first quarter. Public Employees Retirement System of Ohio now owns 58,547 shares of the real estate investment trust’s stock valued at $1,540,000 after buying an additional 209 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Gramercy Property Trust by 22.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 14,465 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 2,692 shares during the last quarter. Capital Analysts LLC bought a new position in Gramercy Property Trust during the first quarter valued at $139,000. Thrivent Financial for Lutherans raised its position in Gramercy Property Trust by 4.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 119,989 shares of the real estate investment trust’s stock valued at $1,102,000 after buying an additional 5,300 shares during the last quarter. Finally, Rehmann Capital Advisory Group bought a new position in Gramercy Property Trust during the first quarter valued at $207,000. Institutional investors and hedge funds own 81.62% of the company’s stock.

Gramercy Property Trust (NYSE GPT) traded down 0.43% on Friday, reaching $30.18. The company’s stock had a trading volume of 562,577 shares. The firm’s 50-day moving average price is $30.11 and its 200 day moving average price is $28.08. The company has a market cap of $4.58 billion, a P/E ratio of 118.82 and a beta of 0.58. Gramercy Property Trust has a 52-week low of $24.09 and a 52-week high of $31.19.

Gramercy Property Trust (NYSE:GPT) last issued its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $129.99 million during the quarter, compared to the consensus estimate of $126.88 million. Gramercy Property Trust had a net margin of 8.24% and a return on equity of 1.59%. Equities analysts anticipate that Gramercy Property Trust will post ($0.11) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.97%. The ex-dividend date was Wednesday, June 28th. Gramercy Property Trust’s dividend payout ratio is currently 652.15%.

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Several equities analysts have weighed in on the company. Zacks Investment Research lowered Gramercy Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. JMP Securities lowered Gramercy Property Trust from a “market outperform” rating to a “market perform” rating in a research report on Monday, July 17th. BidaskClub lowered Gramercy Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. Compass Point reaffirmed a “buy” rating and set a $34.00 price target (up previously from $30.00) on shares of Gramercy Property Trust in a research report on Monday, June 19th. Finally, TheStreet upgraded Gramercy Property Trust from a “c+” rating to a “b-” rating in a report on Monday, June 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $33.33.

In other Gramercy Property Trust news, President Benjamin P. Harris sold 5,000 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $29.68, for a total value of $148,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nicholas L. Pell sold 11,350 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $29.53, for a total transaction of $335,165.50. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Gramercy Property Trust Company Profile

Gramercy Property Trust is a real estate investment trust (REIT), which is an investor and asset manager of commercial real estate. The Company’s operating segments include Investments/Corporate and Asset Management. The Investments/Corporate segment includes all of its activities related to the investment and ownership of commercial properties located throughout the United States and Europe.

Institutional Ownership by Quarter for Gramercy Property Trust (NYSE:GPT)

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