Price Change to Note: Time to Buy Gramercy Property Trust After Today’s Huge Increase?

Price Change to Note: Time to Buy Gramercy Property Trust After Today's Huge Increase?

The stock of Gramercy Property Trust (NYSE:GPT) is a huge mover today! About 725,848 shares traded hands. Gramercy Property Trust (NYSE:GPT) has risen 5.92% since April 26, 2016 and is uptrending. It has outperformed by 0.66% the S&P500.
The move comes after 5 months positive chart setup for the $3.87 billion company. It was reported on Nov, 29 by Barchart.com. We have $9.40 PT which if reached, will make NYSE:GPT worth $116.10M more.

Analysts await Gramercy Property Trust (NYSE:GPT) to report earnings on February, 24. They expect $0.17 EPS, up 13.33% or $0.02 from last year’s $0.15 per share. GPT’s profit will be $72.06 million for 13.43 P/E if the $0.17 EPS becomes a reality. After $0.18 actual EPS reported by Gramercy Property Trust for the previous quarter, Wall Street now forecasts -5.56% negative EPS growth.

Gramercy Property Trust (NYSE:GPT) Ratings Coverage

Out of 4 analysts covering Gramercy Property Trust (NYSE:GPT), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Gramercy Property Trust has been the topic of 5 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Compass Point given on Friday, December 18. As per Thursday, August 6, the company rating was maintained by Compass Point. Mitsubishi UFJ initiated Gramercy Property Trust (NYSE:GPT) on Tuesday, June 28 with “Overweight” rating. On Friday, May 13 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating given on Friday, December 18 by DA Davidson.

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.”

More notable recent Gramercy Property Trust (NYSE:GPT) news were published by: Businesswire.com which released: “Gramercy Property Trust Announces Three Office Dispositions Totaling $106.3 …” on November 22, 2016, also Nasdaq.com with their article: “Gramercy Property Trust is Oversold” published on November 10, 2016, Fool.com published: “Gramercy Property Trust Boosts Dividend as Revenue Doubles” on November 02, 2016. More interesting news about Gramercy Property Trust (NYSE:GPT) were released by: Fool.com and their article: “Gramercy Property Trust Looks to Growth After Second-Quarter Earnings” published on August 10, 2016 as well as Seekingalpha.com‘s news article titled: “InsiderInsights.com Daily Round Up 11/22/16: Gramercy Property Trust, tronc …” with publication date: November 23, 2016.

GPT Company Profile

Gramercy Property Trust, formerly Chambers Street Properties, incorporated on March 30, 2004, is a real estate investment trust (REIT), which operates as an investor and asset manager of commercial real estate. The Company’s operating divisions include Investments/Corporate and Asset Management. The Firm 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 primarily rental revenues on properties that it owns in the United States; asset management revenues on properties owned by third parties in the United States and Europe, and pro-rata rental revenues on its investments in the United States, Europe and Asia. It also has regional offices located in London, the United Kingdom, Horsham, Pennsylvania, Clayton, Missouri, Los Angeles, California, and Princeton, New Jersey.

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