Envestnet Asset Management Inc. lowered its holdings in Gramercy Property Trust Inc. (NYSE:GPT) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,012 shares of the real estate investment trust’s stock after selling 2,654 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Gramercy Property Trust were worth $1,013,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of GPT. Prime Capital Investment Advisors LLC acquired a new position in Gramercy Property Trust in the fourth quarter worth $116,000. Jane Street Group LLC acquired a new position in Gramercy Property Trust in the third quarter worth $214,000. Zeke Capital Advisors LLC acquired a new position in Gramercy Property Trust in the fourth quarter worth $231,000. Neuberger Berman Group LLC acquired a new position in Gramercy Property Trust in the third quarter worth $232,000. Finally, Janney Montgomery Scott LLC acquired a new position in Gramercy Property Trust in the third quarter worth $251,000. 91.23% of the stock is currently owned by institutional investors.
Shares of GPT opened at $21.89 on Friday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.75. Gramercy Property Trust Inc. has a 12-month low of $21.12 and a 12-month high of $31.26. The firm has a market cap of $3,582.25, a PE ratio of 10.68, a PEG ratio of 2.44 and a beta of 0.56.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 6.85%. The ex-dividend date is Wednesday, March 28th. Gramercy Property Trust’s dividend payout ratio (DPR) is presently 73.17%.
A number of equities analysts have commented on the company. Zacks Investment Research lowered Gramercy Property Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. ValuEngine lowered Gramercy Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. SunTrust Banks set a $28.00 price objective on Gramercy Property Trust and gave the stock a “hold” rating in a research note on Monday, January 22nd. Royal Bank of Canada set a $26.00 price objective on Gramercy Property Trust and gave the stock a “hold” rating in a research note on Wednesday, March 7th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $25.00 price objective (down previously from $31.00) on shares of Gramercy Property Trust in a research note on Thursday, March 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Gramercy Property Trust has a consensus rating of “Hold” and a consensus target price of $27.60.
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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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