About Gramercy Property Trust (NYSE:GPT)
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. The Asset Management segment includes substantially all of its activities related to asset and property management of commercial properties located throughout the United States and Europe. It is engaged in acquiring and managing single-tenant, net leased industrial, office and specialty properties. It focuses on income producing properties leased to tenants in markets in the United States and Europe. It earns revenues through rental revenues on properties that it owns in the United States and asset management revenues on properties owned by third parties in the United States and Europe.
Industry, Sector and Symbol:
- Sector: Financials
- Industry: Industrial REITs
- Sub-Industry: N/A
- Symbol: NYSE:GPT
- CUSIP: N/A
- Web: www.gptreit.com/
- Market Cap: $4.92 billion
- Outstanding Shares: 160,669,000
- 50 Day Moving Avg: $30.57
- 200 Day Moving Avg: $29.53
- 52 Week Range: $24.09 - $31.26
Sales & Book Value:
- Trailing P/E Ratio: 291.62
- Foreward P/E Ratio: 90.06
- P/E Growth: 21.90
- Annual Revenue: $525.64 million
- Price / Sales: 9.36
- Book Value: $18.92 per share
- Price / Book: 1.62
- Annual Dividend: $1.50
- Dividend Yield: 4.9%
- EBITDA: $368.69 million
- Net Margins: 4.56%
- Return on Equity: 0.90%
- Return on Assets: 0.43%
- Debt-to-Equity Ratio: 0.62%
- Current Ratio: 0.42%
- Quick Ratio: 0.42%
- Average Volume: 881,738 shs.
- Beta: 0.58
- Short Ratio: 5.1
Frequently Asked Questions for Gramercy Property Trust (NYSE:GPT)
What is Gramercy Property Trust's stock symbol?
Gramercy Property Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "GPT."
How often does Gramercy Property Trust pay dividends? What is the dividend yield for Gramercy Property Trust?
Gramercy Property Trust declared a quarterly dividend on Wednesday, August 2nd. Investors of record on Friday, September 29th will be paid a dividend of $0.375 per share on Monday, October 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Thursday, September 28th. View Gramercy Property Trust's Dividend History.
When did Gramercy Property Trust's stock split? How did Gramercy Property Trust's stock split work?
Gramercy Property Trust shares reverse split before market open on Tuesday, January 3rd 2017. The 1-3 reverse split was announced on Tuesday, December 20th 2016. The number of shares owned by shareholders was adjusted after the closing bell on Friday, December 30th 2016. An investor that had 100 shares of Gramercy Property Trust stock prior to the reverse split would have 33 shares after the split.
How were Gramercy Property Trust's earnings last quarter?
Gramercy Property Trust (NYSE:GPT) released its quarterly earnings results on Tuesday, August, 1st. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.51 by $0.02. The firm earned $131.40 million during the quarter, compared to analyst estimates of $136.30 million. Gramercy Property Trust had a net margin of 4.56% and a return on equity of 0.90%. Gramercy Property Trust's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.18 earnings per share. View Gramercy Property Trust's Earnings History.
When will Gramercy Property Trust make its next earnings announcement?
What guidance has Gramercy Property Trust issued on next quarter's earnings?
Gramercy Property Trust issued an update on its FY17 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $2.05-2.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.12.
Where is Gramercy Property Trust's stock going? Where will Gramercy Property Trust's stock price be in 2017?
5 equities research analysts have issued 12 month price targets for Gramercy Property Trust's stock. Their forecasts range from $30.00 to $34.00. On average, they expect Gramercy Property Trust's stock price to reach $31.67 in the next year. View Analyst Ratings for Gramercy Property Trust.
Who are some of Gramercy Property Trust's key competitors?
Some companies that are related to Gramercy Property Trust include Old Mutual plc (OML), Federal Realty Investment Trust (FRT), 3i Group plc (III), AerCap Holdings (AER), Hargreaves Lansdown PLC (HL), Land Securities Group plc (LAND), Partnerre Ltd (PRE), RSA Insurance Group plc (RSA), Plum Creek Timber Co. (PCL), Omega Healthcare Investors (OHI), British Land Company PLC (BLND), St. James's Place plc (STJ), Direct Line Insurance Group PLC (DLG), Admiral Group plc (ADM), DuPont Fabros Technology (DFT), SEGRO plc (SGRO), Investec plc (INVP) and City National Corp (CYN).
Who are Gramercy Property Trust's key executives?
Gramercy Property Trust's management team includes the folowing people:
- Benjamin P. Harris, President
- Gordon F. DuGan, Chief Executive Officer, Trustee
- Jon W. Clark, Chief Financial Officer, Treasurer
- Edward J. Matey Jr., Executive Vice President, General Counsel, Secretary
- Nicholas L. Pell, Chief Investment Officer
- Charles E. Black, Non-Executive Independent Chairman of the Board of Trustees
- Allan J. Baum, Independent Trustee
- Z. Jamie Behar, Independent Trustee
- Thomas D. Eckert, Independent Trustee
- James L. Francis, Independent Trustee
Who owns Gramercy Property Trust stock?
Gramercy Property Trust's stock is owned by a number of of institutional and retail investors. Top institutional investors include Pier 88 Investment Partners LLC (0.05%), Narwhal Capital Management (0.04%), Quantitative Systematic Strategies LLC (0.01%) and Eqis Capital Management Inc. (0.01%). Company insiders that own Gramercy Property Trust stock include Benjamin P Harris, Charles E Black, Jon W Clark, Nicholas L Pell and Thomas D Eckert. View Institutional Ownership Trends for Gramercy Property Trust.
Who bought Gramercy Property Trust stock? Who is buying Gramercy Property Trust stock?
Gramercy Property Trust's stock was bought by a variety of institutional investors in the last quarter, including Pier 88 Investment Partners LLC, Narwhal Capital Management, Eqis Capital Management Inc. and Quantitative Systematic Strategies LLC. Company insiders that have bought Gramercy Property Trust stock in the last two years include Charles E Black, Jon W Clark and Thomas D Eckert. View Insider Buying and Selling for Gramercy Property Trust.
How do I buy Gramercy Property Trust stock?
Shares of Gramercy Property Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Gramercy Property Trust's stock price today?
MarketBeat Community Rating for Gramercy Property Trust (NYSE GPT)MarketBeat's community ratings are surveys of what our community members think about Gramercy Property Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Gramercy Property Trust stock can currently be purchased for approximately $30.62.
Consensus Ratings for Gramercy Property Trust (NYSE:GPT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 1 Hold Rating, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.40)|
|Consensus Price Target: ||$31.67 (3.42% upside)|Consensus Price Target History for Gramercy Property Trust (NYSE:GPT)
Analysts' Ratings History for Gramercy Property Trust (NYSE:GPT)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/1/2017||Ladenburg Thalmann Financial Services||Reiterated Rating||Buy||Low|
|8/22/2017||Stifel Nicolaus||Reiterated Rating||Buy||$31.00||Low|
|8/16/2017||Bank of America Corporation||Downgrade||Neutral -> Underperform||$30.00||Low|
|7/17/2017||JMP Securities||Downgrade||Market Outperform -> Market Perform||Low|
|6/19/2017||Compass Point||Reiterated Rating||Buy||$30.00 -> $34.00||Low|
|6/28/2016||Mitsubishi UFJ Financial Group||Initiated Coverage||Overweight||$31.50||N/A|
|1/14/2016||SunTrust Banks, Inc.||Lower Price Target||Neutral||$27.00 -> $22.50||N/A|
|12/18/2015||DA Davidson||Initiated Coverage||Buy||$26.25||N/A|
Earnings History for Gramercy Property Trust (NYSE:GPT)Earnings History by Quarter for Gramercy Property Trust (NYSE GPT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||Q2 2017||$0.51||$0.49||$136.30 million||$131.40 million||View||Listen|
|5/2/2017||Q1 2017||$0.51||$0.51||$126.88 million||$129.99 million||View||Listen|
|11/2/2016||Q316||$0.18||$0.18||$62.92 million||$131.10 million||View||N/A|
|8/3/2016||Q216||$0.17||$0.21||$54.15 million||$139.43 million||View||N/A|
|2/26/2016||Q415||$0.17||$0.16||$69.84 million||$69.98 million||View||Listen|
|11/6/2015||Q315||$0.05||$0.54||$58.52 million||$65.20 million||View||N/A|
|8/6/2015||Q215||$0.18||$0.19||$69.75 million||$71.84 million||View||N/A|
|8/6/2015||Q215||$0.45||$0.45||$50.54 million||$54.20 million||View||N/A|
|5/5/2015||Q1 2015||$0.18||$0.18||$67.13 million||$70.98 million||View||N/A|
|3/6/2015||Q414||$0.09||$0.09||$35.14 million||$37.43 million||View||N/A|
|2/25/2015||Q414||$0.18||$0.18||$68.40 million||$68.75 million||View||N/A|
|11/4/2014||Q314||$0.01||$0.08||$25.60 million||$34.30 million||View||N/A|
|10/30/2014||Q314||$0.17||$0.18||$66.50 million||$68.10 million||View||N/A|
|8/7/2014||Q214||($0.02)||$0.05||$16.59 million||$20.63 million||View||N/A|
|8/6/2014||Q2||$0.17||$0.17||$67.31 million||$66.60 million||View||N/A|
|5/8/2014||Q1||$0.01||$0.05||$16.30 million||$15.58 million||View||Listen|
|2/28/2014||Q4 13||$0.16||$0.14||$66.41 million||$65.24 million||View||N/A|
|3/13/2014||Q4||($0.01)||$0.05||$14.40 million||$17.71 million||View||Listen|
|8/8/2013||Q213||$0.15||$0.16||$54.50 million||$67.11 million||View||N/A|
Earnings Estimates for Gramercy Property Trust (NYSE:GPT)
2017 EPS Consensus Estimate: $1.93
2018 EPS Consensus Estimate: $2.24
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Gramercy Property Trust (NYSE:GPT)
|Most Recent Dividend:||10/16/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||1,666.85% (Trailing 12 Months of Earnings) |
-1,363.64% (Based on This Year's Estimates)
441.18% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Gramercy Property Trust (NYSE GPT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Gramercy Property Trust (NYSE:GPT)
Insider Ownership Percentage: 0.96%Insider Trades by Quarter for Gramercy Property Trust (NYSE:GPT)
Institutional Ownership Percentage: 86.80%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/12/2017||Benjamin P Harris||President||Sell||9,000||$30.50||$274,500.00|| |
|6/30/2017||Benjamin P. Harris||President||Sell||5,000||$29.68||$148,400.00|| |
|6/30/2017||Nicholas L. Pell||Insider||Sell||11,350||$29.53||$335,165.50|| |
|3/10/2017||Charles E. Black||Director||Buy||555||$25.66||$14,241.30|| |
|12/23/2016||Benjamin P Harris||President||Sell||15,000||$9.02||$135,300.00|| |
|11/21/2016||Charles E Black||Director||Buy||97,774||$8.51||$832,056.74|| |
|11/10/2016||Jon W Clark||CFO||Buy||2,400||$8.06||$19,344.00|| |
|11/9/2016||Thomas D Eckert||Director||Buy||50,000||$8.72||$436,000.00|| |
|9/16/2016||Thomas D Eckert||Director||Buy||10,000||$9.27||$92,700.00|| |
|8/17/2016||Benjamin P Harris||President||Sell||100,000||$9.55||$955,000.00|| |
|8/8/2016||Charles E Black||Director||Buy||1,150||$9.90||$11,385.00|| |
|6/30/2016||Benjamin P Harris||President||Sell||40,000||$8.98||$359,200.00|| |
|6/28/2016||Charles E Black||Director||Buy||1,460||$8.84||$12,906.40|| |
|3/31/2016||Benjamin P Harris||President||Sell||15,000||$8.42||$126,300.00|| |
|3/22/2016||Charles E Black||Director||Buy||18,470||$8.11||$149,791.70|| |
|1/14/2016||Thomas D Eckert||Director||Buy||8,987||$6.94||$62,369.78|| |
|1/13/2016||Thomas D Eckert||Director||Sell||8,987||$6.93||$62,279.91|| |
|12/28/2015||Benjamin P. Harris||President||Sell||10,000||$7.80||$78,000.00|| |
|12/23/2015||Thomas D Eckert||Director||Buy||40,000||$7.76||$310,400.00|| |
|9/12/2014||Benjamin P Harris||President||Buy||5,000||$6.11||$30,550.00|| |
|9/12/2014||Jack A Cuneo||CEO||Buy||1,000||$7.55||$7,550.00|| |
|9/12/2014||Martin A Reid||CFO||Buy||1,940||$7.57||$14,685.80|| |
|5/16/2014||Martin A Reid||CFO||Buy||1,000||$7.67||$7,670.00|| |
|12/23/2013||Allan Baum||Director||Sell||2,500||$5.58||$13,950.00|| |
|12/11/2013||James M Orphanides||Director||Buy||11,000||$7.74||$85,140.00|| |
|12/11/2013||Martin A Reid||CFO||Buy||1,300||$7.61||$9,893.00|| |
|12/11/2013||Philip L Kianka||COO||Buy||6,500||$7.72||$50,180.00|| |
|12/9/2013||Jack A Cuneo||CEO||Buy||2,000||$7.94||$15,880.00|| |
|12/9/2013||James M Orphanides||Director||Buy||5,000||$7.88||$39,400.00|| |
|11/21/2013||James M Orphanides||Director||Buy||4,500||$8.14||$36,630.00|| |
|11/19/2013||Benjamin P Harris||President||Buy||25,000||$4.50||$112,500.00|| |
|9/13/2013||Jack A Cuneo||CEO||Buy||1,800||$8.79||$15,822.00|| |
|9/5/2013||Louis P Salvatore||Director||Buy||10,000||$7.85||$78,500.00|| |
|8/30/2013||Charles E Black||Director||Buy||1,810||$7.23||$13,086.30|| |
|8/29/2013||Charles E Black||Director||Buy||13,675||$7.29||$99,690.75|| |
|8/15/2013||Philip L Kianka||COO||Buy||10,000||$8.07||$80,700.00|| |
|8/14/2013||Jack A Cuneo||CEO||Buy||8,000||$8.15||$65,200.00|| |
|8/14/2013||James M Orphanides||Director||Buy||9,500||$8.07||$76,665.00|| |
|8/13/2013||James M Orphanides||Director||Buy||12,000||$8.12||$97,440.00|| |
|8/13/2013||Martin A Reid||CFO||Buy||1,700||$8.13||$13,821.00|| |
Headline Trends for Gramercy Property Trust (NYSE:GPT)
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Gramercy Property Trust (GPT) Chart for Monday, October, 23, 2017