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: Finance
- Industry: Office REITs
- Sub-Industry: N/A
- Symbol: NYSE:GPT
- CUSIP: N/A
- Web: www.gptreit.com
- Market Cap: $4.67 billion
- Outstanding Shares: 151,873,000
- 50 Day Moving Avg: $29.13
- 200 Day Moving Avg: $27.52
- 52 Week Range: $24.09 - $30.96
Sales & Book Value:
- Trailing P/E Ratio: 121.06
- Foreward P/E Ratio: 118.27
- P/E Growth: 13.35
- Annual Revenue: $534.49 million
- Price / Sales: 8.74
- Book Value: $18.72 per share
- Price / Book: 1.64
- Annual Dividend: $1.50
- Dividend Yield: 5.0%
- EBIDTA: $369.08 million
- Net Margins: 8.24%
- Return on Equity: 1.59%
- Return on Assets: 0.78%
- Debt-to-Equity Ratio: 0.70%
- Current Ratio: 0.21%
- Quick Ratio: 0.21%
- Average Volume: 1.20 million shs.
- Beta: 0.58
- Short Ratio: 5.12
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 announced a quarterly dividend on Wednesday, May 3rd. Investors of record on Friday, June 30th will be given a dividend of $0.375 per share on Friday, July 14th. This represents a $1.50 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Wednesday, 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 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 market closes 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) announced its earnings results on Tuesday, May, 2nd. The company reported $0.51 earnings per share for the quarter, meeting analysts' consensus estimates of $0.51. The firm earned $129.99 million during the quarter, compared to the consensus estimate of $126.88 million. Gramercy Property Trust had a net margin of 8.24% and a return on equity of 1.59%. 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 updated its FY17 earnings guidance on Tuesday, May, 2nd. The company provided earnings per share guidance of $2.10-2.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.11.
Where is Gramercy Property Trust's stock going? Where will Gramercy Property Trust's stock price be in 2017?
5 analysts have issued 12-month price objectives for Gramercy Property Trust's stock. Their predictions range from $31.50 to $34.00. On average, they anticipate Gramercy Property Trust's stock price to reach $32.83 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 Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Equity Commonwealth (EQC), Paramount Group (PGRE), Paramount Group (PGRE), Corporate Office Properties Trust (OFC), Piedmont Office Realty Trust (PDM), Brandywine Realty Trust (BDN), Mack-Cali Realty Corporation (CLI), Franklin Street Properties Corp. (FSP), Parkway Properties (PKY), TIER REIT (TIER) and City Office REIT (CIO).
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 shareholders include Vanguard Group Inc. (15.58%), BlackRock Inc. (8.64%), FMR LLC (6.63%), Alliancebernstein L.P. (3.89%), State Street Corp (2.34%) and AEW Capital Management L P (2.51%). Company insiders that own Gramercy Property Trust stock include Benjamin P Harris, Charles E Black, Jon W Clark and Thomas D Eckert. View Institutional Ownership Trends for Gramercy Property Trust.
Who sold Gramercy Property Trust stock? Who is selling Gramercy Property Trust stock?
Gramercy Property Trust's stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., FMR LLC, Alliancebernstein L.P., Brookfield Asset Management Inc., AEW Capital Management L P, Massachusetts Financial Services Co. MA, State Street Corp and Wells Fargo & Company MN. View Insider Buying and Selling for Gramercy Property Trust.
Who bought Gramercy Property Trust stock? Who is buying Gramercy Property Trust stock?
Gramercy Property Trust's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Uniplan Investment Counsel Inc., Credit Suisse AG, Westpac Banking Corp, Strs Ohio, Hartford Investment Management Co., HighTower Advisors LLC and Palisade Capital Management LLC NJ. 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 $30.75.
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: ||2 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.60)|
|Consensus Price Target: ||$32.83 (6.78% upside)|
Analysts' Ratings History for Gramercy Property Trust (NYSE:GPT)
(Data available from 6/25/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/19/2017||Compass Point||Reiterated Rating||Buy||$30.00 -> $34.00||Low|
|5/3/2017||Ladenburg Thalmann Financial Services||Reiterated Rating||Buy||Low|
|1/9/2017||JMP Securities||Downgrade||Outperform -> Market Perform||N/A|
|12/5/2016||Bank of America Corporation||Downgrade||Buy -> Neutral||N/A|
|6/28/2016||Mitsubishi UFJ Financial Group||Initiated Coverage||Overweight||$31.50||N/A|
|5/13/2016||Stifel Nicolaus||Boost Price Target||Buy||$27.75 -> $28.50||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|
|7/2/2015||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||N/A|
|7/1/2015||Royal Bank Of Canada||Initiated Coverage||Sector Perform||$72.00||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|| || || || || || || || |
|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: $1.42
2018 EPS Consensus Estimate: $2.30
(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)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||652.15% (Trailing 12 Months of Earnings) |
-1,363.64% (Based on This Year's Estimates)
576.92% (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: 81.61%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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)
Latest Headlines for Gramercy Property Trust (NYSE:GPT)
Gramercy Property Trust (GPT) Chart for Sunday, June, 25, 2017