TheStreet downgraded Gramercy Property Trust (NYSE:GPT) to Hold in a report released today.
- Updated: October 12, 2016
Yesterday Gramercy Property Trust (NYSE:GPT) traded 1.94% higher at $8.78. The company’s 50-day moving average is $9.41 and its 200-day moving average is $9.18. The last closing price is down -2.68% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,350,380 shares of the stock were exchanged, down from an average trading volume of 2,907,530
TheStreet has downgraded Gramercy Property Trust (NYSE:GPT) to Hold in a report released on 10/11/2016.
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Gramercy Property Trust has a 52 week low of $6.50 and a 52 week high of $10.03 The company’s market cap is currently $0.
In addition to TheStreet reporting its target price, a total of 8 brokers have issued a report on GPT. The one year target is $26.91 with five equity analysts rating the company a strong buy, two equity analysts rating the company a buy, two equity analysts rating the company a hold, zero brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.
General Company Details For 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. Its 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, New Jersey.
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