Gramercy Property Trust (GPT) : 7 brokerage houses believe that Gramercy Property Trust (GPT) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Gramercy Property Trust (GPT). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.25.
Gramercy Property Trust (GPT) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $12 and the lowest price target forecast is $8. The average forecast of all the analysts is $10.61 and the expected standard deviation is $1.14.
For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, JMP Securities maintains its ratings on Gramercy Property Trust (NYSE:GPT). In the latest research report, JMP Securities raises the target price from $9.5 per share to $11 per share. According to the latest information available, the shares are now rated Market Outperform by the analysts at the agency. The rating by the firm was issued on August 4, 2016.
Gramercy Property Trust (NYSE:GPT): The stock opened at $9.73 and touched an intraday high of $9.85 on Wednesday. During the day, the stock corrected to an intraday low of $9.67, however, the bulls stepped in and pushed the price higher to close in the green at $9.83 with a gain of 0.82% for the day. The total traded volume for the day was 1,857,250. The stock had closed at $9.75 in the previous trading session.
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.