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Gramercy Property Trust Declares “Stub Period” December 2015 Dividend
An average broker rating, or ABR, that is under 2 typically indicates a Buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $36.00.
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Shares of Liberty Property Trust (NYSE:LPT) opened at 31.48 on Wednesday. (NYSE:GPT) stock closed up by 2.93% to $24.63, after the company completed its merger with Chambers Street Properties (CPT). The stock’s market cap is $442.18 million. Liberty Property Trust has a one year low of $29.68 and a one year high of $41.44. Gramercy Property reported actual earnings last quarter of 0.01 which fails to beat the 0.05 consensus estimate, a -80.00% surprise. Growth in the company’s revenue appears to have helped boost the earnings per share. The Facility consists of an $850 million senior unsecured revolving credit facility (the “Revolving Credit Facility”), a $300 million three-year term loan (the “3 Year Facility”) and a $750 million five-year term loan. On average, equities analysts predict that Gramercy Property Trust will post ($0.11) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. The preferred dividend is payable on January 15, 2016 to Series H preferred stockholders of record on January 4, 2016.
A hedge fund recently raised its stake in Liberty Property Trust stock.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, October 27th. The firm now has a buy rating on the stock. KBC Group’s holdings in Liberty Property Trust were worth $1,074,000 at the end of the most recent reporting period. A company with an ABR of 4 or 5 represents a sell recommendation. Stifel Nicolaus lowered Liberty Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, December 16th. Goldman Sachs assumed coverage on shares of Liberty Property Trust in a report on Monday, December 14th. The momentum rating acts as an important barometer to show as to when a stock will attain a favourable position, which will provide a window of opportunity to benefit from equity movement in either direction. Oppenheimer reaffirmed a “hold” rating on shares of Liberty Property Trust in a research note on Monday, December 7th. Gramercy Property Trust Inc was founded in 2004 and is based in New York City with additional offices in St. Louis, Missouri and Jenkintown, Pennsylvania. Finally, Morgan Stanley downgraded shares of Liberty Property Trust from an overweight rating to an equal weight rating and set a $35.00 price objective on the stock.in a report on Wednesday, October 28th.
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According to Zacks Investment Research, “Gramercy Property Trust Inc. operates as a commercial real estate investment and asset management company organized as a real estate investment trust”. The Trust is the sole general partner and also a limited partner of the Operating Partnership, owning 97.0% of the common equity of the Operating Partnership as of December 31, 2012.