Gramercy Property Trust (GPT) Shares Sold by Investment Centers of America Inc.

Investment Centers of America Inc. reduced its stake in shares of Gramercy Property Trust (NYSE:GPT) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,686 shares of the real estate investment trust’s stock after selling 639 shares during the period. Investment Centers of America Inc.’s holdings in Gramercy Property Trust were worth $527,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of Gramercy Property Trust by 7.5% during the 2nd quarter. BlackRock Inc. now owns 13,137,418 shares of the real estate investment trust’s stock worth $390,312,000 after purchasing an additional 922,014 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Gramercy Property Trust by 389,160.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,764,543 shares of the real estate investment trust’s stock worth $141,554,000 after purchasing an additional 4,763,319 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Gramercy Property Trust by 160.2% during the 2nd quarter. Principal Financial Group Inc. now owns 3,539,442 shares of the real estate investment trust’s stock worth $105,158,000 after purchasing an additional 2,178,912 shares in the last quarter. APG Asset Management US Inc. boosted its position in shares of Gramercy Property Trust by 38.9% during the 2nd quarter. APG Asset Management US Inc. now owns 2,142,097 shares of the real estate investment trust’s stock worth $63,642,000 after purchasing an additional 600,000 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Gramercy Property Trust by 4.8% during the 2nd quarter. Schroder Investment Management Group now owns 1,911,369 shares of the real estate investment trust’s stock worth $56,556,000 after purchasing an additional 86,680 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.

Shares of Gramercy Property Trust (NYSE:GPT) opened at 30.92 on Monday. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 294.48 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. The company has a 50 day moving average of $29.82 and a 200 day moving average of $28.75.

Gramercy Property Trust (NYSE:GPT) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.02). Gramercy Property Trust had a net margin of 4.35% and a return on equity of 0.81%. The firm had revenue of $131.40 million for the quarter, compared to the consensus estimate of $136.30 million. During the same period in the prior year, the business earned $0.18 EPS. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. Analysts predict that Gramercy Property Trust will post ($0.11) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.50 annualized dividend and a yield of 4.85%. Gramercy Property Trust’s dividend payout ratio is currently 1,666.85%.

Several equities research analysts recently commented on the stock. JMP Securities lowered shares of Gramercy Property Trust from a “market outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Bank of America Corporation lowered shares of Gramercy Property Trust from a “neutral” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a research report on Wednesday, August 16th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a research report on Wednesday, August 2nd. TheStreet upgraded shares of Gramercy Property Trust from a “c+” rating to a “b-” rating in a research report on Monday, June 12th. Finally, ValuEngine lowered shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.67.

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In related news, insider Nicholas L. Pell sold 11,350 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $29.53, for a total transaction of $335,165.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Benjamin P. Harris sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $30.50, for a total value of $274,500.00. Following the transaction, the president now directly owns 96,101 shares of the company’s stock, valued at approximately $2,931,080.50. The disclosure for this sale can be found here. Insiders have sold 25,350 shares of company stock valued at $758,066 in the last ninety days. Company insiders own 1.36% of the company’s stock.

About Gramercy Property Trust

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.

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

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