Gramercy Property Trust(NYSE:GPT) Declares Dividend of $0.1100.

Gramercy Property Trust (NYSE:GPT) had declared a cash dividend of $0.1100 on Jun 16, 2016. The shares will quote ex-dividend on Jun 28, 2016 and the record date has been fixed for Jun 30, 2016. On Jun 16, 2016 share price, the yield comes out to be 4.8889%. The dividend payable date has been fixed on Jul 15, 2016.

In a different note, On May 13, 2016, Stifel Nicolaus said it Maintains its rating on Gramercy Property Trust. In the research note, the firm Raises the price-target to $9.25 per share. The shares have been rated ‘Buy’ by the firm.

Gramercy Property Trust (GPT) remained unchanged at the close of Tuesday session. Even as the volume increased to 14,46,246 ,the shares failed to make any impression and ended at 0 points or 0.00% at $8.91. The trading session commenced at $8.9 and the stock hit a high of $8.959 and touched $8.86 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $25.125 and the 52-week low is $6.5. The company has a market cap of $3,757 M and has approximately 42,16,37,220 outstanding shares.

Gramercy Property Trust(GPT) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $120.55M. Analysts had an estimated revenue of $62.92M. Earnings per share were $0.17.

Several Insider Transactions has been reported to the SEC. On Mar 23, 2016, Charles E Black (director) purchased 18,470 shares at $8.11 per share price.Also, On Jan 15, 2016, Thomas D Eckert (director) sold 8,987 shares at $6.92 per share price.On Dec 30, 2015, Benjamin P Harris (President) sold 10,000 shares at $7.80 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s activities related to third-party asset and property management of commercial properties located throughout the United States and Europe.

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