Sei Investments Co. lowered its position in shares of Gramercy Property Trust (NYSE:GPT) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 636,037 shares of the real estate investment trust’s stock after selling 35,566 shares during the quarter. Sei Investments Co.’s holdings in Gramercy Property Trust were worth $16,957,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Gramercy Property Trust during the 3rd quarter worth approximately $214,000. Cetera Investment Advisers bought a new position in shares of Gramercy Property Trust during the 2nd quarter worth approximately $215,000. Neuberger Berman Group LLC bought a new position in shares of Gramercy Property Trust during the 3rd quarter worth approximately $232,000. Janney Montgomery Scott LLC bought a new position in shares of Gramercy Property Trust during the 3rd quarter worth approximately $251,000. Finally, Eqis Capital Management Inc. bought a new position in shares of Gramercy Property Trust during the 3rd quarter worth approximately $267,000. 91.01% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Gramercy Property Trust (GPT) opened at $22.94 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.76. The company has a market cap of $3,685.74, a P/E ratio of 11.41, a P/E/G ratio of 1.54 and a beta of 0.45. Gramercy Property Trust has a 1-year low of $22.51 and a 1-year high of $31.26.
GPT has been the topic of a number of research reports. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gramercy Property Trust in a report on Wednesday, November 1st. SunTrust Banks set a $30.00 price target on shares of Gramercy Property Trust and gave the stock a “hold” rating in a report on Tuesday, October 31st. ValuEngine raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Zacks Investment Research cut shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average 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 that occurred on Thursday, December 28th. The shares were sold at an average price of $26.73, for a total value of $170,296.83. Following the sale, the president now owns 89,730 shares of the company’s stock, valued at approximately $2,398,482.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.36% of the company’s stock.
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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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