Gramercy Property Trust (GPT) Misses Q1 EPS by 1c
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Compass Point See Gramercy Property Trust (GPT) Dividend Set to Grow
May 7, 2015 10:07 AM EDTCompass Point reiterate their Buy rating on Gramercy Property Trust Inc (NYSE: GPT) and raise the price target to $34 (from $33) as dividends are set to grow. GPT reported 1Q15 earnings that were in-line with estimates of $0.35 per share. GPT also showed a potential dividend increase that could easily to 50%.
Compass Point analyst, Wilkes Graham, reported on GPT, saying, "We remain convicted that GPT, which is trading at a 5% discount to the $27.75 price at which it raised... More
