Gramercy Prop Trust (GPT) Gets DA Davidson Lower Rating; Valley National Bancorp (VLY) Has 1.3 Sentiment

May 7, 2018 - By Steve Bissell

Gramercy Property Trust (NYSE:GPT) Logo

DA Davidson lowered the shares of Gramercy Prop Trust (NYSE:GPT) from a Buy rating to a Neutral rating in a a research note shared with investors on Monday morning.

Valley National Bancorp (VLY) investors sentiment decreased to 1.3 in Q4 2017. It’s down -0.36, from 1.66 in 2017Q3. The ratio has dropped, as 117 investment managers opened new or increased equity positions, while 90 sold and trimmed positions in Valley National Bancorp. The investment managers in our database now possess: 165.19 million shares, down from 167.29 million shares in 2017Q3. Also, the number of investment managers holding Valley National Bancorp in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 23 Reduced: 67 Increased: 84 New Position: 33.

Since January 1, 0001, it had 2 buys, and 0 selling transactions for $68,558 activity.

Mendon Capital Advisors Corp holds 1.5% of its portfolio in Valley National Bancorp for 1.40 million shares. Hillcrest Asset Management Llc owns 683,184 shares or 1.48% of their US portfolio. Moreover, Private Capital Management Llc has 0.81% invested in the company for 450,180 shares. The Oklahoma-based Capital Advisors Inc Ok has invested 0.69% in the stock. Denver Investment Advisors Llc, a Colorado-based fund reported 1.20 million shares.

The stock increased 0.88% or $0.11 during the last trading session, reaching $12.64. About 765,266 shares traded. Valley National Bancorp (VLY) has risen 6.96% since May 7, 2017 and is uptrending. It has underperformed by 4.59% the S&P500.

Valley National Bancorp operates as the holding firm for the Valley National Bank that provides commercial, retail, trust, and investment services. The company has market cap of $4.19 billion. The firm operates through Commercial Lending, Consumer Lending, and Investment Management divisions. It has a 21.91 P/E ratio. The Company’s deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit.

More notable recent Gramercy Property Trust (NYSE:GPT) news were published by: Streetinsider.com which released: “Pre-Open Movers 05/07: (ATHN) (GPT) (NOG) Higher; (XRAY) (EBIO) (TSN) Lower (more…)” on May 07, 2018, also Streetinsider.com with their article: “Gramercy Property Trust (GPT) to be Acquired by Blackstone in $7.6B Deal” published on May 07, 2018, Seekingalpha.com published: “Blackstone to buy Gramercy Property Trust for $7.6B” on May 07, 2018. More interesting news about Gramercy Property Trust (NYSE:GPT) were released by: Nasdaq.com and their article: “Mid-Morning Market Update: Markets Open Higher; Tyson Foods Earnings Miss Views” published on May 07, 2018 as well as Businesswire.com‘s news article titled: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of …” with publication date: May 07, 2018.

Among 11 analysts covering Gramercy Property Trust (NYSE:GPT), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Gramercy Property Trust has $3400 highest and $8.75 lowest target. $24.96’s average target is -9.30% below currents $27.52 stock price. Gramercy Property Trust had 20 analyst reports since August 6, 2015 according to SRatingsIntel. On Monday, December 5 the stock rating was downgraded by Bank of America to “Neutral”. SunTrust maintained it with “Hold” rating and $2300 target in Tuesday, April 3 report. The rating was maintained by Ladenburg with “Buy” on Thursday, November 9. The rating was maintained by Stifel Nicolaus on Friday, May 13 with “Buy”. The rating was downgraded by Bank of America to “Sell” on Wednesday, August 16. SunTrust maintained the shares of GPT in report on Monday, January 22 with “Hold” rating. RBC Capital Markets maintained it with “Hold” rating and $26.0 target in Wednesday, March 7 report. The firm has “Overweight” rating by Mitsubishi UFJ given on Tuesday, June 28. As per Wednesday, November 1, the company rating was maintained by Ladenburg. The stock has “Hold” rating by SunTrust on Tuesday, October 31.

The stock increased 15.53% or $3.7 during the last trading session, reaching $27.52. About 28.75 million shares traded or 1890.92% up from the average. Gramercy Property Trust (NYSE:GPT) has declined 16.09% since May 7, 2017 and is downtrending. It has underperformed by 27.64% the S&P500.

Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The company has market cap of $4.45 billion.

Valley National Bancorp (NYSE:VLY) Institutional Positions Chart

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By1 Steve Bissell

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