Honeywell International Inc. boosted its holdings in Gramercy Property Trust (NYSE:GPT) by 27.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,325 shares of the real estate investment trust’s stock after buying an additional 8,325 shares during the period. Honeywell International Inc.’s holdings in Gramercy Property Trust were worth $1,159,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Penserra Capital Management LLC lifted its holdings in Gramercy Property Trust by 16.1% in the second quarter. Penserra Capital Management LLC now owns 3,914 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 542 shares during the period. Sii Investments Inc. WI acquired a new position in Gramercy Property Trust in the second quarter valued at approximately $208,000. Wittenberg Investment Management Inc. acquired a new position in Gramercy Property Trust in the second quarter valued at approximately $213,000. Cetera Investment Advisers acquired a new position in Gramercy Property Trust in the second quarter valued at approximately $215,000. Finally, GW&K Investment Management LLC acquired a new position in Gramercy Property Trust in the second quarter valued at approximately $218,000. Institutional investors and hedge funds own 87.01% of the company’s stock.
Shares of Gramercy Property Trust (GPT) opened at 29.70 on Wednesday. Gramercy Property Trust has a 12-month low of $24.09 and a 12-month high of $31.26. The firm has a 50-day moving average of $30.50 and a 200 day moving average of $29.70. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 282.86 and a beta of 0.58.
Gramercy Property Trust (NYSE:GPT) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). Gramercy Property Trust had a net margin of 4.35% and a return on equity of 0.81%. The firm had revenue of $134.90 million during the quarter, compared to the consensus estimate of $135.45 million. During the same period in the prior year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Gramercy Property Trust will post ($0.11) earnings per share for the current year.
In other news, President Benjamin P. Harris sold 9,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $30.50, for a total value of $274,500.00. Following the sale, the president now directly owns 96,101 shares of the company’s stock, valued at approximately $2,931,080.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.36% of the company’s stock.
GPT has been the topic of several analyst reports. JMP Securities lowered shares of Gramercy Property Trust from a “market outperform” rating to a “market perform” rating in a report on Monday, July 17th. Zacks Investment Research lowered shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, August 2nd. TheStreet lowered shares of Gramercy Property Trust from a “b-” rating to a “c” rating in a report on Tuesday, August 1st. Finally, BidaskClub upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $31.67.
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Gramercy Property Trust Profile
Gramercy Property Trust is a real estate investment trust (REIT), which is an investor and asset manager of commercial real estate. The Company’s operating segments include Investments/Corporate and Asset Management. The Investments/Corporate segment includes all of its activities related to the investment and ownership of commercial properties located throughout the United States and Europe.
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