Ladenburg Thalmann Issues a Downgrade for Gramercy Property Trust (GPT) from a Buy to Neutral Rating

May 17, 2018 - By Jason Grubb

Gramercy Property Trust (NYSE:GPT) Logo

Gramercy Property Trust (GPT) Receives a Downgrade

Ladenburg Thalmann has lowered the rating for shares of Gramercy Property Trust (GPT) to a solid Neutral in an analyst note sent to clients and investors on Thursday morning. GPT’s previous rating by the firm was a Buy.

The stock increased 0.04% or $0.01 during the last trading session, reaching $27.53. About 2.06 million shares traded. Gramercy Property Trust (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 $80.89M for 13.77 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: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” on May 17, 2018, also Seekingalpha.com with their article: “The Acquistion Of Gramercy Property Trust” published on May 10, 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: Digitaljournal.com and their article: “NYSE:GPT Investor Alert: Investigation of Takeover of Gramercy Property Trust” published on May 15, 2018 as well as Streetinsider.com‘s news article titled: “Gramercy Property Trust (GPT) to be Acquired by Blackstone in $7.6B Deal” with publication date: May 07, 2018.

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