Gramercy Property Trust (GPT) Forms Bearish Double Bottom Chart Pattern at $21.91

Analysts await Gramercy Property Trust (NYSE:GPT) to report earnings on May, 1. Schroder Investment Management Group now owns 2,417,457 shares of the real estate investment trust's stock worth $64,449,000 after buying an additional 29,067 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new stake in shares of Gramercy Property Trust during the fourth quarter worth $302,000. After $0.52 actual earnings per share reported by Gramercy Property Trust for the previous quarter, Wall Street now forecasts -1.92 % negative EPS growth. The stock increased 0.09% or $0.02 during the last trading session, reaching $21.91.Currently Gramercy Property Trust is downtrending after 16.09% change in last April 15, 2017. The institutional investor owned 751,074 shares of the real estate investment trust's stock after purchasing an additional 309,665 shares during the period. Princeton Alpha Management LP purchased a new position in shares of Gramercy Property Trust during the third quarter worth $128,000.

COPYRIGHT VIOLATION WARNING: "35,901 Shares in Gramercy Property Trust Inc". ValuEngine cut Gramercy Property Trust from a "buy" rating to a "hold" rating in a report on Wednesday, February 7th.

Gramercy Property Trust (NYSE:GPT) opened at 27.98 on Monday. SunTrust has "Hold" rating and $2300 target.

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A number of brokerages have issued reports on GPT. Gramercy Property Trust had 20 analyst reports since August 6, 2015 according to SRatingsIntel. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $25.00 target price (down from $31.00) on shares of Gramercy Property Trust in a report on Thursday, March 1st. Royal Bank of Canada set a $26.00 target price on Gramercy Property Trust and gave the company a "hold" rating in a research note on Wednesday, March 7th. The stock of Gramercy Property Trust (NYSE:GPT) has "Hold" rating given on Tuesday, April 3 by SunTrust. The stock was sold at an average price of $9.02, for a total transaction of $135,300.00. Insiders own 0.96% of the company's stock.

Gramercy Property Trust is a leading global investor and asset manager of commercial real estate.The firm is worth $3.62 billion.

Want to see what other hedge funds are holding GPT? They expect $0.51 earnings per share, 0.00 % or $0.00 from last year's $0.51 per share. 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.

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