On a relative basis, the stock has outperformed the S&P 500 by 2.22% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.41% in the last 1 week, and is up 9.12% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Gramercy Property Trust (NYSE:GPT): The stock was completely flat for the day, closing at $9.81 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $9.78, the stock touched an intraday high of $9.87 and a low of $9.78. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $9.81. The total trading volume on Friday was 1,914,873.
The stock has recorded a 20-day Moving Average of 3.96% and the 50-Day Moving Average is 8.18%. Gramercy Property Trust Inc. is up 17.73% in the last 3-month period. Year-to-Date the stock performance stands at 30.44%.
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.