Impact of Brokerage Rating on Gramercy Property Trust(GPT)

Many Gramercy Property Trust(GPT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Gramercy Property Trust was Downgraded by JMP Securities to Mkt Perform on Jan 9, 2017.

Company has reported several Insider transactions to the SEC, on Dec 27, 2016, Benjamin P Harris (President) sold 15,000 shares at 9.02 per share price.On Nov 22, 2016, Charles E Black (director) purchased 97,774 shares at 8.51 per share price.On Nov 14, 2016, Jon W. Clark (CFO) purchased 2,400 shares at 8.06 per share price.

Gramercy Property Trust Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.02. Analyst had a consensus of $0.18. The company had revenue of $131.10 million for the quarter, compared to analysts expectations of $129.40 million. The companys revenue was up 101.1% compared to the same quarter last year.

Gramercy Property Trust (NYSE:GPT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.57 by 7 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold.

Gramercy Property Trust (NYSE:GPT): 8 analysts have set the short term price target of Gramercy Property Trust (NYSE:GPT) at $31.88. The standard deviation of short term price target has been estimated at $2.78, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 36 and $28 respectively.

Gramercy Property Trust (NYSE:GPT) witnessed a decline in the market cap on Tuesday as its shares dropped 0.92% or 0.25 points. After the session commenced at $27.29, the stock reached the higher end at $27.29 while it hit a low of $26.61. With the volume soaring to 756,048 shares, the last trade was called at $27.07. The company has a 52-week high of $30.09003. The company has a market cap of $3,808 million and there are 140,659,560 shares in outstanding. The 52-week low of the share price is $20.76002.

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 Companys properties are situated primarily in the United States and Europe. Chambers Street Properties is headquartered in Princeton, New Jersey.


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