Pendal Group Ltd Sells 3,600 Shares of Gramercy Property Trust Inc. (GPT)

Pendal Group Ltd decreased its holdings in shares of Gramercy Property Trust Inc. (NYSE:GPT) by 3.0% in the 1st quarter, Holdings Channel reports. The fund owned 116,400 shares of the real estate investment trust’s stock after selling 3,600 shares during the quarter. Pendal Group Ltd’s holdings in Gramercy Property Trust were worth $2,529,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Schwab Charles Investment Management Inc. raised its position in shares of Gramercy Property Trust by 6.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,175,714 shares of the real estate investment trust’s stock valued at $25,549,000 after acquiring an additional 76,369 shares during the last quarter. Corbyn Investment Management Inc. MD raised its position in shares of Gramercy Property Trust by 21.8% during the 1st quarter. Corbyn Investment Management Inc. MD now owns 388,442 shares of the real estate investment trust’s stock valued at $8,441,000 after acquiring an additional 69,650 shares during the last quarter. Barings LLC bought a new stake in shares of Gramercy Property Trust during the 1st quarter valued at $291,000. Swiss National Bank raised its position in shares of Gramercy Property Trust by 8.0% during the 1st quarter. Swiss National Bank now owns 279,484 shares of the real estate investment trust’s stock valued at $6,073,000 after acquiring an additional 20,700 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Gramercy Property Trust by 9.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,195,495 shares of the real estate investment trust’s stock valued at $69,438,000 after acquiring an additional 283,311 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

GPT opened at $27.50 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.24 and a quick ratio of 0.24. Gramercy Property Trust Inc. has a 12 month low of $27.51 and a 12 month high of $27.53. The firm has a market capitalization of $4.43 billion, a P/E ratio of 13.43, a PEG ratio of 1.95 and a beta of 0.55.

Gramercy Property Trust (NYSE:GPT) last released its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.34). Gramercy Property Trust had a net margin of 18.27% and a return on equity of 3.42%. The firm had revenue of $149.50 million during the quarter, compared to the consensus estimate of $124.29 million. During the same quarter in the prior year, the company earned $0.51 EPS. Gramercy Property Trust’s quarterly revenue was up 15.0% on a year-over-year basis. sell-side analysts forecast that Gramercy Property Trust Inc. will post 2.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date of this dividend is Thursday, June 28th. Gramercy Property Trust’s dividend payout ratio is currently 73.17%.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Gramercy Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Stifel Nicolaus cut shares of Gramercy Property Trust from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research report on Tuesday, May 8th. DA Davidson cut shares of Gramercy Property Trust from a “buy” rating to a “neutral” rating in a research report on Monday, May 7th. SunTrust Banks reiterated a “hold” rating and set a $23.00 target price on shares of Gramercy Property Trust in a research report on Tuesday, April 3rd. Finally, Royal Bank of Canada set a $26.00 target price on shares of Gramercy Property Trust and gave the company a “hold” rating in a research report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Gramercy Property Trust currently has an average rating of “Hold” and an average target price of $27.60.

Gramercy Property Trust Company Profile

Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing high quality, income producing commercial real estate leased to high quality tenants in major markets in the United States and Europe.

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

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