Ladenburg Finally Downgrades Gramercy Property (NYSE:GPT)

May 18, 2018 - By Mona Holcomb

Gramercy Property Trust (NYSE:GPT) Logo

Gramercy Property (NYSE:GPT) Receives a Downgrade

Ladenburg cut Gramercy Property (NYSE:GPT) shares, lowering their rating to a Hold in a research note issued on Thursday morning. Trading on the $4.45 billion market cap GPT will be interesting to observe today.

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 -10.39% below currents $27.53 stock price. Gramercy Property had 6 analyst reports since January 22, 2018 according to SRatingsIntel. The stock of Gramercy Property Trust (NYSE:GPT) has “Hold” rating given on Monday, January 22 by SunTrust. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, May 8. DA Davidson downgraded the stock to “Neutral” rating in Monday, May 7 report. The stock of Gramercy Property Trust (NYSE:GPT) has “Hold” rating given on Wednesday, March 7 by RBC Capital Markets. The stock of Gramercy Property Trust (NYSE:GPT) earned “Buy” rating by Stifel Nicolaus on Thursday, March 1. SunTrust maintained the stock with “Hold” rating in Tuesday, April 3 report.

The stock increased 0.04% or $0.01 during the last trading session, reaching $27.53. About 2.12 million shares traded. Gramercy Property Trust (NYSE:GPT) has declined 16.09% since May 18, 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 $80.89 million 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 important recent Gramercy Property Trust (NYSE:GPT) news were published by: Streetinsider.com which released: “Pre-Open Movers 05/07: (ATHN) (GPT) (NOG) Higher; (XRAY) (EBIO) (TSN) Lower (more…)” on May 07, 2018, also Digitaljournal.com published article titled: “NYSE:GPT Investor Alert: Investigation of Takeover of Gramercy Property Trust”, Streetinsider.com published: “Gramercy Property Trust (GPT) to be Acquired by Blackstone in $7.6B Deal” on May 07, 2018. More interesting news about Gramercy Property Trust (NYSE:GPT) was released by: Seekingalpha.com and their article: “The Acquistion Of Gramercy Property Trust” with publication date: May 10, 2018.

Gramercy Property Trust (NYSE:GPT) Ratings Chart

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