Gramercy Property Trust (NYSE:GPT) Loses Buy Rating

May 17, 2018 - By Stephen Andrade

Gramercy Property Trust (NYSE:GPT) Logo

Gramercy Property Trust (NYSE:GPT) Receives a Downgrade

In a research note published today, Ladenburg Thalmann cut shares of Gramercy Property Trust (NYSE:GPT) to a Neutral rating from the previous Buy rating.

Gramercy Property Trust (NYSE:GPT) Ratings Coverage

Among 4 analysts covering Gramercy Property (NYSE:GPT), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Gramercy Property has $28.0 highest and $2300 lowest target. $24.67’s average target is -10.34% below currents $27.515 stock price. Gramercy Property had 6 analyst reports since January 22, 2018 according to SRatingsIntel. The company was downgraded on Monday, May 7 by DA Davidson. As per Wednesday, March 7, the company rating was maintained by RBC Capital Markets. SunTrust maintained the shares of GPT in report on Monday, January 22 with “Hold” rating. On Tuesday, April 3 the stock rating was maintained by SunTrust with “Hold”. The firm earned “Buy” rating on Thursday, March 1 by Stifel Nicolaus. The rating was downgraded by Stifel Nicolaus on Tuesday, May 8 to “Hold”.

The stock decreased 0.02% or $0.005 during the last trading session, reaching $27.515. About 1.20M shares traded. Gramercy Property Trust (NYSE:GPT) has declined 16.09% since May 17, 2017 and is downtrending. It has underperformed by 27.64% the S&P500.

Analysts await Gramercy Property Trust (NYSE:GPT) to report earnings on August, 7. They expect $0.50 EPS, up 2.04 % or $0.01 from last year’s $0.49 per share. GPT’s profit will be $80.88 million for 13.76 P/E if the $0.50 EPS becomes a reality. After $0.51 actual EPS reported by Gramercy Property Trust for the previous quarter, Wall Street now forecasts -1.96 % negative EPS growth.

Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The company has market cap of $4.45 billion.

More notable recent Gramercy Property Trust (NYSE:GPT) news were published by: Streetinsider.com which released: “Gramercy Property Trust (GPT) to be Acquired by Blackstone in $7.6B Deal” on May 07, 2018, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” published on May 17, 2018, Streetinsider.com published: “Pre-Open Movers 05/07: (ATHN) (GPT) (NOG) Higher; (XRAY) (EBIO) (TSN) Lower (more…)” on May 07, 2018. More interesting news about Gramercy Property Trust (NYSE:GPT) were released by: Seekingalpha.com and their article: “The Acquistion Of Gramercy Property Trust” published on May 10, 2018 as well as Digitaljournal.com‘s news article titled: “NYSE:GPT Investor Alert: Investigation of Takeover of Gramercy Property Trust” with publication date: May 15, 2018.

Gramercy Property Trust (NYSE:GPT) Ratings Chart

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