Gramercy Property Trust (NYSE:GPT) Share Price May Be About to Change Direction; Ladenburg Thalmann Downgrades Them

May 17, 2018 - By Alfred Lee

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Gramercy Property Trust (NYSE:GPT) Receives a Downgrade

The Rating of Gramercy Property Trust (NYSE:GPT) shares have been lowered by Ladenburg Thalmann from a Buy rating to a Neutral rating in a report sent to clients and investors on Thursday, 17 May.

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. DA Davidson downgraded the stock to “Neutral” rating in Monday, May 7 report. The stock of Gramercy Property Trust (NYSE:GPT) earned “Hold” rating by Stifel Nicolaus on Tuesday, May 8. RBC Capital Markets maintained it with “Hold” rating and $26.0 target in Wednesday, March 7 report. The firm has “Hold” rating given on Monday, January 22 by SunTrust. Stifel Nicolaus maintained the shares of GPT in report on Thursday, March 1 with “Buy” rating. SunTrust maintained it with “Hold” rating and $2300 target in Tuesday, April 3 report.

The stock decreased 0.02% or $0.005 during the last trading session, reaching $27.515. About 1.20 million 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 earnings per share, up 2.04 % or $0.01 from last year’s $0.49 per share. GPT’s profit will be $80.88M for 13.76 P/E if the $0.50 EPS becomes a reality. After $0.51 actual earnings per share 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: Digitaljournal.com which released: “NYSE:GPT Investor Alert: Investigation of Takeover of Gramercy Property Trust” on May 15, 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: Streetinsider.com and their article: “Gramercy Property Trust (GPT) to be Acquired by Blackstone in $7.6B Deal” published on May 07, 2018 as well as Seekingalpha.com‘s news article titled: “The Acquistion Of Gramercy Property Trust” with publication date: May 10, 2018.

Gramercy Property Trust (NYSE:GPT) Ratings Chart

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