Analyst Price Target Update on Gramercy Property Trust (NYSE:GPT)

Gramercy Property Trust (NYSE:GPT): 6 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $9.33 in Gramercy Property Trust (NYSE:GPT). However, the stock price could fluctuate by $ 0.75 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $10 price target with the lower price estimate is calculated at $8

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Stifel Nicolaus, maintains their rating on the shares of Gramercy Property Trust (NYSE:GPT). Stifel Nicolaus has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $9.5 per share from a prior target of $9.25. The rating by the firm was issued on May 13, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Harris Benjamin P, officer (President) of Gramercy Property Trust, had unloaded 15,000 shares at an average price of $8.42 in a transaction dated on March 31, 2016. The total value of the transaction was worth $126,300.

Gramercy Property Trust (NYSE:GPT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.08 points or 0.88% at $9.01 with 1,167,483 shares getting traded. Post opening the session at $9.11, the shares hit an intraday low of $9 and an intraday high of $9.23 and the price was in this range throughout the day. The company has a market cap of $3,799 million and the number of outstanding shares have been calculated to be 421,637,220 shares. The 52-week high of Gramercy Property Trust (NYSE:GPT) is $25.98 and the 52-week low is $6.5.

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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