Notable Mover: After Today’s Huge Increase, Is Gramercy Property Trust’s Near-Term Analysis Positive?

Notable Mover: After Today's Huge Increase, Is Gramercy Property Trust's Near Term Analysis Positive?

The stock of Gramercy Property Trust (NYSE:GPT) is a huge mover today! About 1.37 million shares traded hands. Gramercy Property Trust (NYSE:GPT) has declined 3.94% since April 11, 2016 and is downtrending. It has underperformed by 10.08% the S&P500.
The move comes after 8 months positive chart setup for the $3.34B company. It was reported on Nov, 11 by Barchart.com. We have $13.24 PT which if reached, will make NYSE:GPT worth $1.97 billion more.

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 earned “Buy” rating on Thursday, August 6 by Compass Point. The firm has “Overweight” rating given on Tuesday, June 28 by Mitsubishi UFJ. Compass Point maintained the stock with “Buy” rating in Friday, December 18 report. The firm has “Buy” rating by Stifel Nicolaus given on Friday, May 13. DA Davidson initiated the shares of GPT in a report on Friday, December 18 with “Buy” rating.

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: Nasdaq.com which released: “Gramercy Property Trust is Oversold” on November 10, 2016, also Streetinsider.com with their article: “Gramercy Property Trust (GPT) Reports In-Line Q3 FFO” published on November 02, 2016, Forbes.com published: “Gramercy Property Trust (GPT) Passes Through 5% Yield Mark” on June 27, 2016. More interesting news about Gramercy Property Trust (NYSE:GPT) were released by: Businesswire.com and their article: “Gramercy Property Trust Announces Ten Recent Acquisitions Totaling $246.5 Million” published on October 18, 2016 as well as Fool.com‘s news article titled: “Gramercy Property Trust Keeps Moving Forward” with publication date: May 04, 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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