Xact Kapitalforvaltning AB Invests $302,000 in Gramercy Property Trust Inc. (GPT)

Xact Kapitalforvaltning AB purchased a new stake in Gramercy Property Trust Inc. (NYSE:GPT) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 11,318 shares of the real estate investment trust’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Gramercy Property Trust by 7.8% in the 4th quarter. BlackRock Inc. now owns 14,397,948 shares of the real estate investment trust’s stock valued at $383,849,000 after purchasing an additional 1,040,820 shares during the period. Brookfield Asset Management Inc. increased its position in shares of Gramercy Property Trust by 3.4% in the fourth quarter. Brookfield Asset Management Inc. now owns 4,172,980 shares of the real estate investment trust’s stock valued at $111,252,000 after acquiring an additional 136,657 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Gramercy Property Trust by 1.2% in the fourth quarter. Schroder Investment Management Group now owns 2,417,457 shares of the real estate investment trust’s stock valued at $64,449,000 after acquiring an additional 29,067 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Gramercy Property Trust by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 2,412,678 shares of the real estate investment trust’s stock valued at $64,321,000 after acquiring an additional 51,418 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Gramercy Property Trust by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,075,532 shares of the real estate investment trust’s stock valued at $62,784,000 after acquiring an additional 33,325 shares during the last quarter. 91.23% of the stock is currently owned by hedge funds and other institutional investors.

Gramercy Property Trust stock opened at $22.36 on Thursday. Gramercy Property Trust Inc. has a 52 week low of $21.12 and a 52 week high of $31.26. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a market cap of $3,582.25, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 2.44 and a beta of 0.56.



Gramercy Property Trust (NYSE:GPT) last posted its quarterly earnings results on Wednesday, February 28th. The real estate investment trust reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Gramercy Property Trust had a return on equity of 2.93% and a net margin of 15.64%. The business had revenue of $149.00 million during the quarter, compared to analysts’ expectations of $139.00 million. During the same quarter last year, the company posted $0.51 earnings per share. Gramercy Property Trust’s quarterly revenue was up 18.1% on a year-over-year basis. sell-side analysts predict that Gramercy Property Trust Inc. will post 2.04 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date is Wednesday, March 28th. Gramercy Property Trust’s payout ratio is currently 73.17%.

GPT has been the topic of a number of recent research reports. SunTrust Banks reaffirmed a “hold” rating and issued a $23.00 target price on shares of Gramercy Property Trust in a research report on Tuesday, April 3rd. Zacks Investment Research downgraded Gramercy Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. ValuEngine downgraded Gramercy Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Royal Bank of Canada set a $26.00 target price on Gramercy Property Trust and gave the company a “hold” rating in a research report on Wednesday, March 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $25.00 target price (down previously from $31.00) on shares of Gramercy Property Trust in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.60.

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About Gramercy Property Trust

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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