MetLife Investment Advisors LLC boosted its position in shares of Gramercy Property Trust (NYSE:GPT) by 49.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,437 shares of the real estate investment trust’s stock after purchasing an additional 35,886 shares during the period. MetLife Investment Advisors LLC’s holdings in Gramercy Property Trust were worth $2,976,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Alpine Associates Management Inc. acquired a new stake in Gramercy Property Trust during the second quarter worth approximately $123,659,000. Millennium Management LLC increased its holdings in shares of Gramercy Property Trust by 116.0% during the second quarter. Millennium Management LLC now owns 4,541,237 shares of the real estate investment trust’s stock worth $124,067,000 after purchasing an additional 2,438,665 shares during the period. Bank of America Corp DE increased its holdings in shares of Gramercy Property Trust by 255.1% during the second quarter. Bank of America Corp DE now owns 2,904,355 shares of the real estate investment trust’s stock worth $79,347,000 after purchasing an additional 2,086,496 shares during the period. Gabelli Funds LLC bought a new position in shares of Gramercy Property Trust during the second quarter worth approximately $41,003,000. Finally, Gardner Lewis Asset Management L P bought a new position in shares of Gramercy Property Trust during the second quarter worth approximately $38,274,000. Institutional investors own 86.36% of the company’s stock.
Separately, Zacks Investment Research cut shares of Gramercy Property Trust from a “hold” rating to a “sell” rating in a report on Monday, September 24th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $26.50.
Shares of NYSE:GPT opened at $27.48 on Friday. Gramercy Property Trust has a 52 week low of $21.12 and a 52 week high of $31.26.
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About Gramercy Property Trust
Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing high quality, income producing commercial real estate leased to high quality tenants in major markets in the United States and Europe.
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