Waterfront Capital Partners buys $20,482,039 stake in Gramercy Property Trust (GPT)

Gramercy Property Trust (GPT) : Waterfront Capital Partners scooped up 976,554 additional shares in Gramercy Property Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 2,090,004 shares of Gramercy Property Trust which is valued at $20,482,039.Gramercy Property Trust makes up approximately 3.13% of Waterfront Capital Partners’s portfolio.

Other Hedge Funds, Including , Massachusetts Financial Services Co boosted its stake in GPT in the latest quarter, The investment management firm added 4,492,960 additional shares and now holds a total of 10,745,044 shares of Gramercy Property Trust which is valued at $105,301,431. Gramercy Property Trust makes up approx 0.05% of Massachusetts Financial Services Co’s portfolio.Global X Management Co boosted its stake in GPT in the latest quarter, The investment management firm added 21,475 additional shares and now holds a total of 40,474 shares of Gramercy Property Trust which is valued at $397,859. Gramercy Property Trust makes up approx 0.02% of Global X Management Co’s portfolio. Cable Hill Partners added GPT to its portfolio by purchasing 558 company shares during the most recent quarter which is valued at $5,535.California Public Employees Retirement System boosted its stake in GPT in the latest quarter, The investment management firm added 182,000 additional shares and now holds a total of 947,992 shares of Gramercy Property Trust which is valued at $9,337,721. Gramercy Property Trust makes up approx 0.01% of California Public Employees Retirement System’s portfolio.Carroll Financial Associates reduced its stake in GPT by selling 16,782 shares or 24.92% in the most recent quarter. The Hedge Fund company now holds 50,574 shares of GPT which is valued at $498,660. Gramercy Property Trust makes up approx 0.08% of Carroll Financial Associates’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.

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