Victory Capital Management Inc. Reduces Holdings in Gramercy Property Trust (GPT)

Victory Capital Management Inc. cut its holdings in Gramercy Property Trust (NYSE:GPT) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,146,812 shares of the real estate investment trust’s stock after selling 92,172 shares during the quarter. Victory Capital Management Inc.’s holdings in Gramercy Property Trust were worth $30,574,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Ameritas Investment Partners Inc. raised its position in Gramercy Property Trust by 11.7% in the second quarter. Ameritas Investment Partners Inc. now owns 13,286 shares of the real estate investment trust’s stock worth $395,000 after acquiring an additional 1,388 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in Gramercy Property Trust by 2.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 73,873 shares of the real estate investment trust’s stock worth $2,234,000 after acquiring an additional 2,008 shares in the last quarter. Pacer Advisors Inc. raised its position in Gramercy Property Trust by 11.6% in the third quarter. Pacer Advisors Inc. now owns 20,000 shares of the real estate investment trust’s stock worth $605,000 after acquiring an additional 2,075 shares in the last quarter. Ameriprise Financial Inc. raised its position in Gramercy Property Trust by 1.4% in the third quarter. Ameriprise Financial Inc. now owns 164,041 shares of the real estate investment trust’s stock worth $4,967,000 after acquiring an additional 2,228 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Gramercy Property Trust by 19.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,537 shares of the real estate investment trust’s stock worth $361,000 after acquiring an additional 2,236 shares in the last quarter. Hedge funds and other institutional investors own 92.19% of the company’s stock.

Several equities research analysts have commented on GPT shares. SunTrust Banks set a $30.00 price target on shares of Gramercy Property Trust and gave the stock a “hold” rating in a research report on Tuesday, October 31st. ValuEngine upgraded shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Gramercy Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Gramercy Property Trust in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $30.75.

In related news, President Benjamin P. Harris sold 6,371 shares of Gramercy Property Trust stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $26.73, for a total value of $170,296.83. Following the transaction, the president now owns 89,730 shares of the company’s stock, valued at approximately $2,398,482.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.96% of the company’s stock.

Gramercy Property Trust (NYSE:GPT) opened at $23.19 on Friday. The firm has a market capitalization of $3,725.91, a PE ratio of 11.54, a P/E/G ratio of 1.56 and a beta of 0.45. Gramercy Property Trust has a 12 month low of $22.76 and a 12 month high of $31.26. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.24 and a quick ratio of 0.24.

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About Gramercy Property Trust

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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Institutional Ownership by Quarter for Gramercy Property Trust (NYSE:GPT)

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