US Bancorp DE Reduces Position in Gramercy Property Trust (GPT)

US Bancorp DE cut its position in shares of Gramercy Property Trust (NYSE:GPT) by 10.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,425 shares of the real estate investment trust’s stock after selling 2,491 shares during the quarter. US Bancorp DE’s holdings in Gramercy Property Trust were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPT. Wells Fargo & Company MN lifted its stake in shares of Gramercy Property Trust by 2.1% in the 1st quarter. Wells Fargo & Company MN now owns 2,463,324 shares of the real estate investment trust’s stock worth $53,529,000 after acquiring an additional 50,646 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Gramercy Property Trust by 4.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 153,753 shares of the real estate investment trust’s stock worth $3,341,000 after acquiring an additional 6,047 shares during the period. SG Americas Securities LLC lifted its stake in shares of Gramercy Property Trust by 22.5% in the 1st quarter. SG Americas Securities LLC now owns 39,535 shares of the real estate investment trust’s stock worth $859,000 after acquiring an additional 7,255 shares during the period. Prudential Financial Inc. lifted its stake in shares of Gramercy Property Trust by 1,110.9% in the 1st quarter. Prudential Financial Inc. now owns 573,017 shares of the real estate investment trust’s stock worth $12,452,000 after acquiring an additional 525,696 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Gramercy Property Trust by 8.0% in the 1st quarter. Swiss National Bank now owns 279,484 shares of the real estate investment trust’s stock worth $6,073,000 after acquiring an additional 20,700 shares during the period. Institutional investors own 86.68% of the company’s stock.

In other news, President Benjamin P. Harris sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $27.66, for a total transaction of $691,500.00. Following the sale, the president now owns 64,730 shares in the company, valued at $1,790,431.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

GPT stock opened at $27.40 on Friday. Gramercy Property Trust has a 52-week low of $21.12 and a 52-week high of $31.26. The company has a current ratio of 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 0.96. The company has a market cap of $4.40 billion, a PE ratio of 13.37, a PEG ratio of 1.94 and a beta of 0.75.

Gramercy Property Trust (NYSE:GPT) last released its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Gramercy Property Trust had a net margin of 20.65% and a return on equity of 3.93%. The business had revenue of $145.60 million for the quarter, compared to analyst estimates of $148.34 million. equities research analysts anticipate that Gramercy Property Trust will post 2.02 EPS for the current fiscal year.

A number of brokerages have recently weighed in on GPT. LADENBURG THALM/SH SH reaffirmed a “neutral” rating on shares of Gramercy Property Trust in a research note on Thursday, May 31st. Zacks Investment Research lowered shares of Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of Gramercy Property Trust in a research note on Tuesday, July 10th. Finally, Citigroup lowered shares of Gramercy Property Trust to a “neutral” rating and set a $27.50 target price for the company. in a research note on Tuesday, July 10th. Nine investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $26.50.

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

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