Gramercy Property Trust (NYSE:GPT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.33 by 6 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Stifel Nicolaus maintains the rating on Gramercy Property Trust (NYSE:GPT). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $9.25 per share to $9.5 per share. The rating by the firm was issued on May 13, 2016.
Gramercy Property Trust (NYSE:GPT): 6 analysts have set the short term price target of Gramercy Property Trust (NYSE:GPT) at $9.33. The standard deviation of short term price target has been estimated at $0.75, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 10 and $8 respectively.
Tuesdays trading session turned out to be a no-profit no-loss event for Gramercy Property Trust (NYSE:GPT). The opening trade occurred at $8.9 and the highest and the lowest points of the day were $8.959 and $8.86 respectively. The final trade was registered at $8.91 and the volume by the end of the day had touched 1,446,246 shares. The 52-week high of the stock is $25.125 and the 52-week low is $6.5. According to the current valuation, the market cap of the company is $3,757 million and the total number of shares available in public circulation is 421,637,220.
Gramercy Property Trust Inc. has dropped 0.89% in the last five trading days, however, the shares have posted positive gains of 1.37% in the last 4 weeks. Gramercy Property Trust Inc. is up 10.79% in the last 3-month period. Year-to-Date the stock performance stands at 16.96%.
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.