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GPT $27.48

GPT target price
27.48
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Gramercy Property Trust Inc.
Type
Public company
Traded as NYSE: GPT
Industry Real estate investment trust
Founded March 2004; 13 years ago (2004-03)
Headquarters New York, New York
Key people
Charles E. Black, Chairman
Gordon F. DuGan, CEO
Revenue Increase $0.517 billion (2016)
Net income
Increase $0.033 billion (2016)
Total assets Decrease $5.603 billion (2016)
Total equity Decrease $2.752 billion (2016)
Number of employees
96 (2016)
Website www.gptreit.com

Gramercy Property Trust Inc. is a publicly traded real estate investment trust. As of December 31, 2016, the company owned 56.2 million aggregate rentable square feet, of which 68% was industrial properties and the remainder was office building and retail properties.

The company was formed in March 2004 as Gramercy Capital Corp., a mortgage REIT.

In July 2007, the company originated a $1.1 billion collateralized debt obligation.

In 2008, the company acquired American Financial Realty Trust for $3.3 billion. The company then sold 100 North Main Street for $36 million.

In January 2013, the company began the liquidation of its collateralized debt obligation portfolio.

In April 2013, the company changed its name to Gramercy Property Trust Inc.

In June 2013, the company acquired a truck terminal in Elkridge, Maryland.

In 2015, the company acquired 2.7 million-square-foot office and industrial portfolio for $398.6 million, 5415 Centerpoint Parkway for $24.1 million and a property leased to BAE Systems for $46.8 million. The company also acquired Chambers Street Properties.

In 2016, the company acquired the Specialty Bakery building in Indianapolis for $37 million and a 17-property warehouse portfolio for $521 million.

In 2017, the company acquired a property in North Carolina for $9.2 million, a television studio for $18 million, and the Opa Locka Hialeah Flea Market for $80 million.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-06-28 Initiated Coverage Mitsubishi UFJ Financial Group Overweight $10.50
2016-05-13 Boost Price Target Stifel Nicolaus Buy $9.25 to $9.50
2016-05-05 Boost Price Target Stifel Nicolaus Buy $9.00 to $9.25
2016-01-14 Lower Price Target SunTrust Neutral $9.00 to $7.50
2016-01-14 Lower Price Target SunTrust Banks Inc. Neutral $9.00 to $7.50
2015-12-18 Lower Price Target Compass Point Buy to Buy $33.00 to $10.25
2015-12-18 Initiated Coverage DA Davidson Buy $8.75
2015-08-06 Reiterated Rating Compass Point Buy $30.00 to $33.00
2015-07-02 Lower Price Target JMP Securities Market Outperform $29.00
2015-07-02 Downgrade Wells Fargo Outperform to Market Perform
2015-07-02 Downgrade Wells Fargo & Co. Outperform to Market Perform
2015-07-01 Lower Price Target Compass Point Buy $34.00 to $30.00
2015-07-01 Initiated Coverage RBC Capital Sector Perform $24.00
2015-07-01 Initiated Coverage Royal Bank Of Canada Sector Perform $24.00
2015-06-30 Initiated Coverage Stifel Nicolaus Buy $28.00
2015-05-10 Reiterated Rating Compass Point Buy $33.00 to $34.00
2015-05-06 Reiterated Rating Oppenheimer Market Perform
2015-05-06 Reiterated Rating Oppenheimer Holdings Inc. Market Perform
2015-04-10 Initiated Coverage DA Davidson Buy $9.00
2014-12-22 Boost Price Target Compass Point Buy $7.50 to $8.00
2014-07-21 Initiated Coverage SunTrust Neutral
2014-06-02 Boost Price Target Ladenburg Thalmann Buy $7.50
2014-05-29 Initiated Coverage Wells Fargo Outperform
2014-05-27 Initiated Coverage Bank of America Buy $6.25
2014-05-05 Initiated Coverage Oppenheimer Market Perform
2014-04-03 Reiterated Rating Capital One Financial Corp. Equal Weight $8.00
2014-01-17 Initiated Coverage Ladenburg Thalmann Buy to Buy $7.50
2013-12-31 Boost Price Target Compass Point Buy $6.50 to $7.50
2013-12-10 Initiated Coverage CJS Securities Outperform
2013-10-11 Initiated Coverage Compass Point Buy $6.50
2016-06-28 Initiated Coverage Mitsubishi UFJ Financial Group Overweight $10.50
2016-05-13 Boost Price Target Stifel Nicolaus Buy $9.25 to $9.50
2016-05-05 Boost Price Target Stifel Nicolaus Buy $9.00 to $9.25
2016-01-14 Lower Price Target SunTrust Neutral $9.00 to $7.50
2016-01-14 Lower Price Target SunTrust Banks Inc. Neutral $9.00 to $7.50

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
SL GREEN REALTY CORP 4.26%  (5013320) GPT /
Cozzi Roger M. Chief Executive Officer 0.70%  (821200) GPT /
Indaba Capital Management, LLC 0.66%  (780815) GPT / UPIP /
HOLLIDAY MARC 0.22%  (256565) GPT / SLG /
O'Connor Timothy J. President 0.17%  (202974) GPT /