Breaking: What’s Propelling Gramercy Property Trust to Decline So Much?

Breaking: What's Propelling Gramercy Property Trust to Decline So Much?

The stock of Gramercy Property Trust (NYSE:GPT) is a huge mover today! The stock decreased 2.22% or $0.2 on October 5, hitting $9.03. Gramercy Property Trust (NYSE:GPT) has risen 17.71% since March 2, 2016 and is uptrending. It has outperformed by 9.45% the S&P500.
The move comes after 9 months negative chart setup for the $3.82 billion company. It was reported on Oct, 6 by We have $8.22 PT which if reached, will make NYSE:GPT worth $343.80 million less.

Analysts await Gramercy Property Trust (NYSE:GPT) to report earnings on November, 4. They expect $0.17 EPS, down 10.53% or $0.02 from last year’s $0.19 per share. GPT’s profit will be $71.92 million for 13.28 P/E if the $0.17 EPS becomes a reality. After $0.21 actual EPS reported by Gramercy Property Trust for the previous quarter, Wall Street now forecasts -19.05% 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. Stifel Nicolaus maintained Gramercy Property Trust (NYSE:GPT) rating on Friday, May 13. Stifel Nicolaus has “Buy” rating and $9.50 price target. Compass Point maintained Gramercy Property Trust (NYSE:GPT) on Thursday, August 6 with “Buy” rating. The rating was maintained by Compass Point with “Buy” on Friday, December 18. DA Davidson initiated Gramercy Property Trust (NYSE:GPT) rating on Friday, December 18. DA Davidson has “Buy” rating and $8.75 price target. The stock has “Overweight” rating given by Mitsubishi UFJ on Tuesday, June 28.

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: which released: “Gramercy Property Trust Looks to Growth After Second-Quarter Earnings” on August 10, 2016, also with their article: “Gramercy Property Trust Keeps Moving Forward” published on May 04, 2016, published: “Gramercy Property Trust Announces $350.0 Million Private Notes Placement” on September 21, 2016. More interesting news about Gramercy Property Trust (NYSE:GPT) were released by: and their article: “Where’s The Love For Gramercy Property Trust?” published on August 23, 2016 as well as‘s news article titled: “Gramercy Property Trust buys warehouse in Miami: $8M” with publication date: May 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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