Gramercy Property Trust (GPT) has an average broker rating of 1.25, which is interpreted as a Strong Buy, as rated by 8 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Gramercy Property Trust (GPT) : The most positive equity analysts on Gramercy Property Trust (GPT) expects the shares to touch $12, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $10.39 with an expected fluctuation of $1.24 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Gramercy Property Trust (NYSE:GPT): The stock opened at $9.94 on Thursday but the bulls could not build on the opening and the stock topped out at $10.01 for the day. The stock traded down to $9.81 during the day, due to lack of any buying support eventually closed down at $9.83 with a loss of -0.71% for the day. The stock had closed at $9.90 on the previous day. The total traded volume was 2,409,120 shares.
In a related news, The Securities and Exchange Commission has divulged that Harris Benjamin P, officer (President) of Gramercy Property Trust, had unloaded 40,000 shares at an average price of $8.98 in a transaction dated on June 30, 2016. The total value of the transaction was worth $359,200.
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.