Gramercy Property Trust (NYSE:GPT) Shares Bought by Renaissance Technologies LLC

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Renaissance Technologies LLC grew its holdings in Gramercy Property Trust (NYSE:GPT) by 26.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,002,613 shares of the real estate investment trust’s stock after acquiring an additional 210,900 shares during the period. Renaissance Technologies LLC owned 0.62% of Gramercy Property Trust worth $27,391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GPT. Alpine Associates Management Inc. purchased a new position in Gramercy Property Trust during the second quarter valued at $123,659,000. Water Island Capital LLC bought a new position in Gramercy Property Trust during the second quarter valued at $62,416,000. First Foundation Advisors bought a new position in Gramercy Property Trust during the first quarter valued at $44,312,000. Principal Financial Group Inc. lifted its position in Gramercy Property Trust by 37.9% during the first quarter. Principal Financial Group Inc. now owns 5,969,108 shares of the real estate investment trust’s stock valued at $129,710,000 after purchasing an additional 1,641,496 shares during the last quarter. Finally, Long Pond Capital LP bought a new position in Gramercy Property Trust during the first quarter valued at $35,457,000. Institutional investors and hedge funds own 86.36% of the company’s stock.

GPT remained flat at $$27.48 on Friday. Gramercy Property Trust has a 12-month low of $21.12 and a 12-month high of $31.26. The company has a market capitalization of $4.41 billion, a P/E ratio of 13.40, a P/E/G ratio of 1.94 and a beta of 0.67. The company has a current ratio of 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 0.96.

Gramercy Property Trust (NYSE:GPT) last announced its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $145.60 million during the quarter, compared to analyst estimates of $148.34 million. Gramercy Property Trust had a net margin of 20.65% and a return on equity of 3.93%. Equities research analysts predict that Gramercy Property Trust will post 2.02 EPS for the current year.

Several research firms have commented on GPT. Zacks Investment Research lowered shares of Gramercy Property Trust from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research report on Wednesday, July 25th. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Gramercy Property Trust in a report on Tuesday, July 10th. Finally, Citigroup lowered shares of Gramercy Property Trust to a “neutral” rating and set a $27.50 target price for the company. in a report on Tuesday, July 10th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. Gramercy Property Trust presently has a consensus rating of “Hold” and a consensus price target of $26.50.

About Gramercy Property Trust

Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing high quality, income producing commercial real estate leased to high quality tenants in major markets in the United States and Europe.

See Also: Compound Annual Growth Rate (CAGR)

Institutional Ownership by Quarter for Gramercy Property Trust (NYSE:GPT)

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