Large Outflow of Money Witnessed in Gramercy Property Trust

Gramercy Property Trust (GPT) : The value of composite uptick trades was $0.94 million, whereas, the value of composite downtick trades was $1.89 million. The uptick to downtick ratio stood at 0.5 with a negative money flow of ($0.95) Million during Wednesdays trading session. The block trades money flow was negative ($1.14 million). The transaction of the trades on downticks amounted to $1.14 million, which confirms investors selling on the strength of price. Gramercy Property Trust (GPT) gained 1 cents at $9.61, an increase of 0.1% over the previous days close.

Gramercy

Shares of Gramercy Property Trust Inc. rose by 2.21% in the last five trading days and 2.85% for the last 4 weeks. Gramercy Property Trust Inc. is up 8.47% in the last 3-month period. Year-to-Date the stock performance stands at 29.37%.

Gramercy Property Trust (GPT) : The consensus on Gramercy Property Trust (GPT) based on 8 analyst recommendation on the company stock is 1.25, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Gramercy Property Trust (NYSE:GPT): The stock opened at $9.59 and touched an intraday high of $9.73 on Wednesday. During the day, the stock corrected to an intraday low of $9.53, however, the bulls stepped in and pushed the price higher to close in the green at $9.73 with a gain of 1.35% for the day. The total traded volume for the day was 3,147,240. The stock had closed at $9.71 in the previous trading session.

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.

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