NN Investment Partners Holdings N.V. acquired a new position in Gramercy Property Trust (NYSE:GPT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,118 shares of the real estate investment trust’s stock, valued at approximately $223,000.
Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Gramercy Property Trust by 6.4% in the 2nd quarter. BlackRock Inc. now owns 15,369,414 shares of the real estate investment trust’s stock worth $419,893,000 after purchasing an additional 929,605 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Gramercy Property Trust by 37.9% in the 1st quarter. Principal Financial Group Inc. now owns 5,969,108 shares of the real estate investment trust’s stock worth $129,710,000 after purchasing an additional 1,641,496 shares during the period. Millennium Management LLC lifted its stake in shares of Gramercy Property Trust by 116.0% in the 2nd quarter. Millennium Management LLC now owns 4,541,237 shares of the real estate investment trust’s stock worth $124,067,000 after purchasing an additional 2,438,665 shares during the period. Alpine Associates Management Inc. bought a new stake in Gramercy Property Trust during the 2nd quarter worth approximately $123,659,000. Finally, Bank of America Corp DE raised its stake in Gramercy Property Trust by 255.1% during the 2nd quarter. Bank of America Corp DE now owns 2,904,355 shares of the real estate investment trust’s stock worth $79,347,000 after acquiring an additional 2,086,496 shares during the period. Hedge funds and other institutional investors own 86.36% of the company’s stock.
Separately, Zacks Investment Research cut shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $26.50.
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Gramercy Property Trust 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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