Gramercy Property Trust (GPT) : During the past 4 weeks, traders have been relatively bearish on Gramercy Property Trust (GPT), hence the stock is down -0.72% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.85% relative to the S&P 500. The 4-week change in the price of the stock is -2.73% and the stock has fallen -0.32% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.71% and the 50-Day Moving Average is 4.34%.The 200 Day SMA reached 10.75% Gramercy Property Trust Inc. is up 4.56% in the last 3-month period. Year-to-Date the stock performance stands at 23.12%.
Gramercy Property Trust (GPT) : The highest level Gramercy Property Trust (GPT) is projected to reach is $12 for the short term and the lowest estimate is at $8. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $10.61 and the possibility the share price can swing is $1.14.
For the current week, the company shares have a recommendation consensus of Buy. Gramercy Property Trust (NYSE:GPT): stock was range-bound between the intraday low of $9.14 and the intraday high of $9.3 after having opened at $9.29 on Fridays session. The stock finally closed in the red at $9.29, a loss of -0.75%. The stock remained in the red for the whole trading day. The total traded volume was 9,901,682 shares. The stock failed to cross $9.3 in Fridays trading. The stocks closing price on Thursday was $9.26.
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.