NYSE:GPT - Gramercy Property Trust Stock Price, Price Target & More

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$27.35 -0.02 (-0.07 %)
(As of 07/22/2018 03:59 PM ET)
Previous Close$27.35
Today's Range$27.32 - $27.38
52-Week Range$21.12 - $31.26
Volume1.47 million shs
Average Volume1.71 million shs
Market Capitalization$4.40 billion
P/E Ratio13.34
Dividend Yield5.48%
Beta0.65
Gramercy Property Trust logoGramercy 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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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:GPT
CUSIPN/A
Phone212-297-1000

Debt

Debt-to-Equity Ratio0.73
Current Ratio0.24
Quick Ratio0.24

Price-To-Earnings

Trailing P/E Ratio13.34
Forward P/E Ratio13.54
P/E Growth1.93

Sales & Book Value

Annual Sales$545.22 million
Price / Sales8.07
Cash Flow$2.1535 per share
Price / Cash12.70
Book Value$19.01 per share
Price / Book1.44

Profitability

EPS (Most Recent Fiscal Year)$2.05
Net Income$85.26 million
Net Margins18.27%
Return on Equity3.42%
Return on Assets1.65%

Miscellaneous

Employees109
Outstanding Shares160,790,000
Market Cap$4,397.69

Gramercy Property Trust (NYSE:GPT) Frequently Asked Questions

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 Tuesday, May 1st. Stockholders of record on Friday, June 29th will be given a dividend of $0.375 per share on Monday, July 16th. This represents a $1.50 annualized dividend and a dividend yield of 5.48%. The ex-dividend date is Thursday, June 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's stock 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 data on Monday, April, 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing the Zacks' consensus estimate of $0.50 by $0.34. The real estate investment trust earned $149.50 million during the quarter, compared to analysts' expectations of $124.29 million. Gramercy Property Trust had a net margin of 18.27% and a return on equity of 3.42%. The business's quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. View Gramercy Property Trust's Earnings History.

When is Gramercy Property Trust's next earnings date?

Gramercy Property Trust is scheduled to release their next quarterly earnings announcement on Tuesday, August, 7th 2018. View Earnings Estimates for Gramercy Property Trust.

What price target have analysts set for GPT?

8 brokers have issued 12 month price objectives for Gramercy Property Trust's stock. Their predictions range from $23.00 to $30.00. On average, they anticipate Gramercy Property Trust's stock price to reach $26.30 in the next year. This suggests that the stock has a possible downside of 3.8%. View Analyst Ratings for Gramercy Property Trust.

What is the consensus analysts' recommendation for Gramercy Property Trust?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gramercy Property Trust in the last year. There are currently 1 sell rating and 7 hold ratings for the stock, resulting in a consensus recommendation of "Hold."

What are Wall Street analysts saying about Gramercy Property Trust stock?

Here are some recent quotes from research analysts about Gramercy Property Trust stock:
  • 1. According to Zacks Investment Research, "Chambers Street Properties is a real estate investment trust. It acquires, owns and operates commercial real estate such as warehouse, logistics properties and office buildings. The Company's properties are situated primarily in the United States and Europe. Chambers Street Properties is headquartered in Princeton, New Jersey. " (7/5/2018)
  • 2. LADENBURG THALM/SH SH analysts commented, "We reiterate our BUY rating. 3Q’17 AFFO/sh results above consensus but core FFO/sh misses the Street —Yesterday, Gramercy reported 3Q’17 core FFO/sh of $0.53, which was $0.01 below the Street consensus and $0.03 below our estimate (GPT’s core FFO excludes discontinued operations, acquisition costs, mark-to-market on interest rate swaps, and certain one-time charges). However, the REIT reported 3Q’17 AFFO/sh of $0.51, which was $0.01 above the Street consensus but $0.02 below our estimate. Acquisition and disposition activity during 3Q’17 indicative of the strong progress on capital recycling strategy—During 3Q’17, Gramercy acquired 51 properties for $869M and three leased land parcels in Opa Locka, FL, for $88.3M." (11/1/2017)

Are investors shorting Gramercy Property Trust?

Gramercy Property Trust saw a increase in short interest during the month of June. As of June 15th, there was short interest totalling 2,629,074 shares, an increase of 136.2% from the May 31st total of 1,113,034 shares. Based on an average trading volume of 2,045,381 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.7% of the company's shares are short sold. View Gramercy Property Trust's Current Options Chain.

Who are some of Gramercy Property Trust's key competitors?

Who are Gramercy Property Trust's key executives?

Gramercy Property Trust's management team includes the folowing people:
  • Mr. Gordon F. DuGan, CEO & Trustee (Age 51)
  • Mr. Benjamin P. Harris CFA, Pres (Age 43)
  • Mr. Jon W. Clark, CFO & Treasurer (Age 49)
  • Mr. Nicholas L. Pell, Chief Investment Officer (Age 41)
  • Mr. Edward J. Matey Jr., Exec. VP, Gen. Counsel & Sec. (Age 64)

Has Gramercy Property Trust been receiving favorable news coverage?

Media coverage about GPT stock has trended somewhat positive on Sunday, according to Accern Sentiment. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gramercy Property Trust earned a coverage optimism score of 0.06 on Accern's scale. They also assigned news stories about the real estate investment trust an impact score of 47.27 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Who are Gramercy Property Trust's major shareholders?

Gramercy Property Trust's stock is owned by a number of of retail and institutional investors. Top institutional investors include Tokio Marine Asset Management Co. Ltd. (0.14%), FNY Investment Advisers LLC (0.05%), State of Alaska Department of Revenue (0.04%), Havens Advisors LLC (0.03%), Westpac Banking Corp (0.02%) and Pendal Group Ltd (0.02%). 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.

Which institutional investors are selling Gramercy Property Trust stock?

GPT stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Pendal Group Ltd, Westpac Banking Corp, State of Alaska Department of Revenue, Spirit of America Management Corp NY and Nisa Investment Advisors LLC. View Insider Buying and Selling for Gramercy Property Trust.

Which institutional investors are buying Gramercy Property Trust stock?

GPT stock was acquired by a variety of institutional investors in the last quarter, including Tokio Marine Asset Management Co. Ltd., FNY Investment Advisers LLC, Havens Advisors LLC, Sphinx Trading LP, GWM Advisors LLC and Xact Kapitalforvaltning AB. 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 shares of Gramercy Property Trust?

Shares of GPT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Gramercy Property Trust's stock price today?

One share of GPT stock can currently be purchased for approximately $27.35.

How big of a company is Gramercy Property Trust?

Gramercy Property Trust has a market capitalization of $4.40 billion and generates $545.22 million in revenue each year. The real estate investment trust earns $85.26 million in net income (profit) each year or $2.05 on an earnings per share basis. Gramercy Property Trust employs 109 workers across the globe.

How can I contact Gramercy Property Trust?

Gramercy Property Trust's mailing address is 90 PARK AVENUE 32ND FLOOR, NEW YORK NY, 10016. The real estate investment trust can be reached via phone at 212-297-1000 or via email at [email protected]


MarketBeat Community Rating for Gramercy Property Trust (NYSE GPT)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  212 (Vote Outperform)
Underperform Votes:  204 (Vote Underperform)
Total Votes:  416
MarketBeat's community ratings are surveys of what our community members think about Gramercy Property Trust and other stocks. Vote "Outperform" if you believe GPT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GPT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/22/2018 by MarketBeat.com Staff

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