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.
Industry, Sector and Symbol
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 Ratio13.48
Forward P/E Ratio13.68
P/E Growth1.95
Sales & Book Value
Annual Sales$545.22 million
Price / Sales8.15
Cash Flow$2.1543 per share
Price / Cash12.83
Book Value$19.01 per share
Price / Book1.45
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
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 5.43%. The ex-dividend date of this dividend 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?
Shares of Gramercy Property Trust 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 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) posted its earnings results on Monday, April, 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.50 by $0.34. The real estate investment trust had revenue of $149.50 million for 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%. Gramercy Property Trust's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 earnings per share. View Gramercy Property Trust's Earnings History.
When is Gramercy Property Trust's next earnings date?
What price target have analysts set for GPT?
7 equities research analysts have issued twelve-month price targets for Gramercy Property Trust's shares. Their predictions range from $23.00 to $30.00. On average, they anticipate Gramercy Property Trust's stock price to reach $26.00 in the next year. View Analyst Ratings for Gramercy Property Trust.
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. " (5/9/2018)
- 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)
Who are some of Gramercy Property Trust's key competitors?
Some companies that are related to Gramercy Property Trust include Host Hotels and Resorts (HST), Essex Property Trust (ESS), Realty Income (O), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Extra Space Storage (EXR), Gecina (GECFF), ANNALY Cap Mgmt/SH (NLY), Klépierre (KLPEF), HCP (HCP), Mid-America Apartment Communities (MAA), SINO Ld Ltd/S (SNLAY), Duke Realty (DRE), Regency Centers (REG) and Iron Mountain (IRM).
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?
Headlines about GPT stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Gramercy Property Trust earned a daily sentiment score of 0.20 on Accern's scale. They also gave media coverage about the real estate investment trust an impact score of 45.42 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Gramercy Property Trust's major shareholders?
Gramercy Property Trust's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.98%), Principal Financial Group Inc. (3.71%), Principal Financial Group Inc. (3.71%), Brookfield Asset Management Inc. (3.17%), Massachusetts Financial Services Co. MA (1.99%) and Northern Trust Corp (1.80%). 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 Royal Bank of Canada, JPMorgan Chase & Co., Nuveen Asset Management LLC, Daiwa Securities Group Inc., Cannell Peter B & Co. Inc., Schroder Investment Management Group, Sei Investments Co. and State of New Jersey Common Pension Fund D. Company insiders that have sold Gramercy Property Trust company stock in the last year include Benjamin P Harris and Nicholas L Pell. View Insider Buying and Selling for Gramercy Property Trust.
Which institutional investors are buying Gramercy Property Trust stock?
GPT stock was purchased by a variety of institutional investors in the last quarter, including First Foundation Advisors, Principal Financial Group Inc., Principal Financial Group Inc., Long Pond Capital LP, Millennium Management LLC, Brookfield Asset Management Inc., Private Management Group Inc. and Citadel Advisors 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 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 $27.64.
How big of a company is Gramercy Property Trust?
Gramercy Property Trust has a market capitalization of $4.44 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 (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 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.
