Stock Worth Watching: How Analysts Feel About Gramercy Property Trust After Today’s Big Increase?

Stock Worth Watching: How Analysts Feel About Gramercy Property Trust After Today's Big Increase?

The stock of Gramercy Property Trust (NYSE:GPT) is a huge mover today! Gramercy Property Trust (NYSE:GPT) has risen 14.51% since March 9, 2016 and is uptrending. It has outperformed by 7.10% the S&P500.
The move comes after 8 months positive chart setup for the $3.72 billion company. It was reported on Oct, 12 by We have $12.47 PT which if reached, will make NYSE:GPT worth $1.56 billion more.

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 $72.03 million for 12.91 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. The rating was initiated by Mitsubishi UFJ on Tuesday, June 28 with “Overweight”. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, May 13. Compass Point maintained Gramercy Property Trust (NYSE:GPT) on Friday, December 18 with “Buy” rating. The firm earned “Buy” rating on Thursday, August 6 by Compass Point. The company was initiated 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 news for Gramercy Property Trust (NYSE:GPT) were recently published by:, which released: “Gramercy Property Trust to Release Third Quarter 2016 Financial Results on …” on October 11, 2016.‘s article titled: “Gramercy Property Trust Announces $350.0 Million Private Notes Placement” and published on September 21, 2016 is yet another important article.

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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