Published: Wed, August 02, 2017
Markets | By Noel Gibbs

Acquires 268 Shares of Essex Property Trust, Inc. (NYSE:ESS)

Gramercy Property Trust has a consensus rating of "Hold" and an average price target of $33.33.

Gramercy Property Trust (GPT) traded up 0.30% on Tuesday, reaching $30.31.

06/28/2016 - Gramercy Property Trust Inc. had its "overweight" rating reiterated by analysts at Mitsubishi UFJ.

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In terms of earnings per share, 3 analysts have a 0.07 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 3 analysts have a 0.05 EPS mean target and for the quarter ending Dec-17 there are 3 estimates of 0.23 EPS. The company had revenue of $131.40 million for the quarter, compared to the consensus estimate of $136.30 million.

Essex Property Trust, Inc.

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ILLEGAL ACTIVITY NOTICE: This report was published by Sports Perspectives and is the property of of Sports Perspectives. The legal version of this piece of content can be read at Liberty Property Trust's stock price now sits at $42.48. Compass Point restated a "buy" rating and issued a $34.00 target price (up previously from $30.00) on shares of Gramercy Property Trust in a research note on Monday, June 19th. Zacks Investment Research upgraded shares of Liberty Property Trust from a "hold" rating to a "buy" rating and set a $46.00 price target for the company in a research report on Wednesday, June 28th. Finally, Royal Bank of Canada reaffirmed a "buy" rating and issued a $267.00 target price on shares of Essex Property Trust in a research note on Sunday, July 16th. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. Financial Consulate Inc. purchased a new position in Gramercy Property Trust during the first quarter worth $225,000. Columbia Property Trust, Inc. has a 1-year low of $20.27 and a 1-year high of $24.63. The stock's 50 day moving average is $30.08 and its 200-day moving average is $28.14.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Essex Property Trust by 4.8% in the second quarter. Over the past five trading sessions it is 0.71%; 1.07% for the month; -1.16% for the last quarter; 9.95% for the past six-months; and -4.92% for the last 12 months.

07/01/2015 - RBC Capital began new coverage on Gramercy Property Trust Inc. giving the company a "sector perform" rating. The Company conducts its business primarily through Columbia Property Trust Operating Partnership, L.P. (Columbia Property Trust OP), which acquires, develops, owns, leases and operates real properties directly through subsidiaries or through joint ventures. Global X Management Co. Municipal Employees Retirement System of Michigan's holdings in Liberty Property Trust were worth $2,313,000 at the end of the most recent quarter. Tiemann Investment Advisors has an ownership of 4,050 stocks of the real estate investment trust's shares valued $938,000 after scooping up an extra 25 shares through out the quarter. large institution funds own 99.78% of the firms stock. The business's revenue was down 5.7% on a year-over-year basis. The stock was sold at an average price of $253.79, for a total transaction of $42,129.14. Bank of Montreal Can now owns 1,082,608 shares of the real estate investment trust's stock worth $41,734,000 after buying an additional 869,239 shares during the period. The information was declared in a document with the securities and exchange commission, which is available at this link. They now have a United States dollars 6.25 price target on the stock. The stock was sold at an average price of $29.68, for a total value of $148,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,826 shares of company stock valued at $8,272,799. Executives own 3.30% of the firms stock.

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The firm also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Monday, July 3rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $1.60 annualized dividend and a yield of 3.77%. Essex Property Trust's dividend payout ratio is presently 89.97%.

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