Mitsubishi UFJ Initiates Coverage on Gramercy Property Trust to Overweight

Mitsubishi UFJ Initiates Coverage on Gramercy Property Trust(NYSE:GPT). The shares have been rated Overweight. The rating by Mitsubishi UFJ was issued on Jun 28, 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) made into the market gainers list on Fridays trading session with the shares advancing 1.52% or 0.14 points. Due to strong positive momentum, the stock ended at $9.36, which is also near the day’s high of $9.39. The stock began the session at $9.23 and the volume stood at 26,68,137 shares. The 52-week high of the shares is $25.1 and the 52 week low is $6.5. The company has a current market capitalization of $3,947 M and it has 42,16,37,220 shares in outstanding.

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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