Gramercy Property Trust (GPT) : Bhr Capital reduced its stake in Gramercy Property Trust by 60.27% during the most recent quarter end. The investment management company now holds a total of 1,000,000 shares of Gramercy Property Trust which is valued at $9,800,000 after selling 1,517,075 shares in Gramercy Property Trust , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Gramercy Property Trust makes up approximately 5.54% of Bhr Capital’s portfolio.
Other Hedge Funds, Including , Veritable sold out all of its stake in GPT during the most recent quarter. The investment firm sold 13,625 shares of GPT which is valued $133,525.Credit Suisse Ag boosted its stake in GPT in the latest quarter, The investment management firm added 166,625 additional shares and now holds a total of 1,670,976 shares of Gramercy Property Trust which is valued at $16,375,565. Gramercy Property Trust makes up approx 0.02% of Credit Suisse Ag’s portfolio.Cetera Advisor Networks reduced its stake in GPT by selling 7,056 shares or 16.46% in the most recent quarter. The Hedge Fund company now holds 35,805 shares of GPT which is valued at $350,889. Gramercy Property Trust makes up approx 0.02% of Cetera Advisor Networks’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in GPT by selling 7,625 shares or 13.63% in the most recent quarter. The Hedge Fund company now holds 48,327 shares of GPT which is valued at $475,054. Financial Consulate Inc added GPT to its portfolio by purchasing 31,660 company shares during the most recent quarter which is valued at $310,585. Gramercy Property Trust makes up approx 0.23% of Financial Consulate Inc’s portfolio.
Gramercy Property Trust closed down -0.16 points or -1.65% at $9.52 with 24,01,812 shares getting traded on Thursday. Post opening the session at $9.67, the shares hit an intraday low of $9.41 and an intraday high of $9.6999 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Gramercy Property Trust reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.17. The company had revenue of $139.40 million for the quarter, compared to analysts expectations of $124.93 million. The company’s revenue was up 157.7% compared to the same quarter last year.
Many Wall Street Analysts have commented on Gramercy Property Trust. Company shares were Reiterated by Compass Point on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 11.50 from a previous price target of $10.25 .
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 Company’s 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 Company’s activities related to third-party asset and property management of commercial properties located throughout the United States and Europe.