Gramercy Property Trust (GPT) : Kennedy Capital Management reduced its stake in Gramercy Property Trust by 2.22% during the most recent quarter end. The investment management company now holds a total of 3,266,163 shares of Gramercy Property Trust which is valued at $32,008,397 after selling 74,010 shares in Gramercy Property Trust , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Gramercy Property Trust makes up approximately 0.62% of Kennedy Capital Management’s portfolio.
Other Hedge Funds, Including , Pacer Advisors added GPT to its portfolio by purchasing 30,856 company shares during the most recent quarter which is valued at $302,389. Gramercy Property Trust makes up approx 0.05% of Pacer Advisors’s portfolio.Sunbelt Securities reduced its stake in GPT by selling 1,329 shares or 42.35% in the most recent quarter. The Hedge Fund company now holds 1,809 shares of GPT which is valued at $17,728. Gramercy Property Trust makes up approx 0.02% of Sunbelt Securities’s portfolio.Swiss National Bank boosted its stake in GPT in the latest quarter, The investment management firm added 15,317 additional shares and now holds a total of 701,652 shares of Gramercy Property Trust which is valued at $6,911,272. Gramercy Property Trust makes up approx 0.01% of Swiss National Bank’s portfolio.Sigma Planning Corp boosted its stake in GPT in the latest quarter, The investment management firm added 2,234 additional shares and now holds a total of 20,034 shares of Gramercy Property Trust which is valued at $196,534. Gramercy Property Trust makes up approx 0.03% of Sigma Planning Corp’s portfolio.Corbyn Investment Management Incmd reduced its stake in GPT by selling 41,998 shares or 1.73% in the most recent quarter. The Hedge Fund company now holds 2,381,689 shares of GPT which is valued at $23,340,552. Gramercy Property Trust makes up approx 7.28% of Corbyn Investment Management Incmd’s portfolio.
Gramercy Property Trust opened for trading at $9.35 and hit $9.73 on the upside on Monday, eventually ending the session at $9.46, with a gain of 1.07% or 0.1 points. The heightened volatility saw the trading volume jump to 22,13,498 shares. Company has a market cap of $3,991 M.
On the company’s financial health, Gramercy Property Trust reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.17. The company had revenue of $139.40 million for the quarter, compared to analysts expectations of $124.93 million. The company’s revenue was up 157.7% compared to the same quarter last year.
Many Wall Street Analysts have commented on Gramercy Property Trust. Company shares were Reiterated by Compass Point on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 11.50 from a previous price target of $10.25 .
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.