Gramercy Property Trust (NYSE:GPT) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 15, 2016
Boasting a price of $9.33, Gramercy Property Trust (NYSE:GPT) traded 2.19% higher on the day. With the last close up 3.88% from the two hundred day average, compared with the S&P 500 which has fallen -0.01% over the same time. GPT has recorded a 50-day average of $9.66 and two hundred day average of $8.98. Trade volume was was up over the average, with 3,871,643 shares of GPT changing hands over the typical 2,648,160 shares.
Zacks Investment Research has downgraded Gramercy Property Trust(NYSE:GPT) to Hold in a report released Thursday September 15 2016.
On 8/15/2016, Zacks Investment Research released a statement on Gramercy Property Trust(NYSE:GPT) bumped the target price from $0.00 to $11.00 that suggested an upside of 0.16%.
Recent Performance Graph:
A total of 8 equity analysts have issued a research note on the stock. Five analysts rate the company a strong buy, two analysts rate the stock a buy, two analyts rate the stock a hold, 0 rate the company to underperform, and finally 0 firmsrate the company as sell with an average target of $26.91
Gramercy Property Trust has a 52 week low of $6.34 and a one-year high of $10.03 . GPT’s market capitalization is presently $0.0.
About Gramercy Property Trust (NYSE:GPT)
Gramercy Property Trust, formerly Chambers Street Properties, is a real estate investment trust, which operates as an investor and asset manager of commercial real estate. The Company’s operating segments include Investments/Corporate and Asset Management. The Investments/Corporate segment includes the Company’s activities related to the investment and ownership of commercial properties located throughout the United States and Europe. The Asset Management segment includes substantially all of the Company’s activities related to asset and property management of commercial properties located throughout the United States and Europe. It is engaged in acquiring and managing single-tenant, net leased industrial, office and specialty properties. The Company focuses on income producing properties leased to tenants in markets in the United States and Europe. It has regional offices in London, the United Kingdom, Horsham, Clayton, Missouri, Los Angeles, California, and Princeton, and New Jersey.
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