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GPT

Gramercy Property Trust

$27.42

0.01 (0.04%)

, BX

Blackstone

$36.10

0.12 (0.33%)

12:01
08/09/18
08/09
12:01
08/09/18
12:01

Gramercy Property Trust investors approve acquisition by Blackstone

Gramercy Property Trust (GPT) announced that its shareholders approved the acquisition of Gramercy by affiliates of Blackstone Real Estate Partners VIII L.P. (BX) at its special meeting of shareholders held earlier today. As announced previously, on May 6, 2018 Gramercy entered into a definitive agreement with affiliates of Blackstone, under which Blackstone will acquire all outstanding common shares of Gramercy for $27.50 per share, plus, if the transaction is consummated after October 15, 2018, a per diem amount of approximately $0.004 per share for each day from and after such date until (but not including) the closing date, in an all-cash transaction valued at approximately $7.6B. Subject to the satisfaction or waiver of all the conditions to the transaction as described in the Merger Agreement, the transaction is expected to be completed in either September or the first-half of October of this year. Upon the closing of the transaction, trading of Gramercy's shares on the New York Stock Exchange will cease.

GPT

Gramercy Property Trust

$27.42

0.01 (0.04%)

BX

Blackstone

$36.10

0.12 (0.33%)

  • 09

    Aug

GPT Gramercy Property Trust
$27.42

0.01 (0.04%)

07/10/18
MUFG
07/10/18
DOWNGRADE
Target $27.5
MUFG
Neutral
Gramercy Property Trust downgraded to Neutral from Overweight at MUFG
MUFG analyst Karin Ford downgraded Gramercy Property Trust (GPT) to Neutral with an unchanged price target of $27.50 citing the company's agreement to be acquired by Blackstone (BX).
05/17/18
LTCO
05/17/18
DOWNGRADE
LTCO
Neutral
Gramercy Property Trust downgraded to Neutral from Buy at Ladenburg
Ladenburg Thalmann analyst John Massocca downgraded Gramercy Property Trust to Neutral saying current relative valuations "seem fair" given the proposed all cash acquisition offer.
05/08/18
STFL
05/08/18
DOWNGRADE
Target $27.5
STFL
Hold
Gramercy Property Trust downgraded to Hold from Buy at Stifel
Stifel analyst Simon Yarmak downgraded Gramercy Property Trust (GPT) to Hold from Buy after the company agreed to be acquired by Blackstone (BX) for $7.6B, or $27.50 per share. He does not believe another bidder coming over the top with a higher bid is the most likely scenario and thinks management is doing the right thing for shareholders.
05/07/18
MUFG
05/07/18
NO CHANGE
Target $27.5
MUFG
Overweight
Gramercy Property Trust unlikely to receive topping bid, says MUFG
MUFG analyst Karin Ford believes Blackstone Real Estate (BX) is paying a fair price for Gramercy Property Trust's (GPT) industrial real estate and that a topping bid is not likely. However, a higher bid is "not out of the realm of possibility given high levels of private equity and real estate capital formation, a long-term secular industrial growth thesis, and few remaining public industrial portfolios," Ford tells investors in a research note. She raised her price target for Gramercy Property Trust to $27.50 from $26 to reflect the deal price and keeps an Overweight rating on the shares.
BX Blackstone
$36.10

0.12 (0.33%)

06/08/18
BUCK
06/08/18
NO CHANGE
Target $46
BUCK
Buy
Aspen Insurance exit value $48-$50 per share, says Buckingham
Buckingham analyst Amit Kumar says a 1.25 to 1.3 times multiple on Aspen Insurance's (AHL) current book value gives an exit value of $48-$50 per share. Insurance Insider published a story yesterday that noted the potential finalists in the Aspen bidding process are Blackstone (BX) and Apollo (APO), Kumar tells investors in a research note. He continues to be a buyer of the stock with a Buy rating and $46 price target.
05/22/18
BARD
05/22/18
DOWNGRADE
Target $34
BARD
Neutral
LaSalle Hotel downgraded to Neutral from Outperform at Baird
Baird analyst Michael Bellisario downgraded LaSalle Hotel (LHO) to Neutral following its buyout offer from Blackstone (BX). The agreement puts the shares at full valuation and essentially matches his buyout math. As a result, he believes a higher bid is unlikely. Bellisario raised his price target to $34 from $32 on LaSalle Hotel shares.
05/21/18
LEHM
05/21/18
UPGRADE
LEHM
Equal Weight
LaSalle Hotel upgraded to Equal Weight from Underweight at Barclays
Barclays analyst Felicia Kantor Hendrix upgraded LaSalle Hotel (LHO) to Equal Weight from Underweight following the company's announcement that it has agreed to be acquired by Blackstone (BX).

TODAY'S FREE FLY STORIES

AERI

Aerie Pharmaceuticals

$58.50

0.1 (0.17%)

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Allergan

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Ocular Therapeutix

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RHHBY

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Titan Medical

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CDTI

CDTi

$0.34

0.01 (3.08%)

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DUK

Duke Energy

$79.82

-0.81 (-1.00%)

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JNJ

Johnson & Johnson

$142.85

0.85 (0.60%)

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UAL

United Continental

$89.94

0.8 (0.90%)

17:39
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17:39
Periodicals
United pilots refuse contract changes on regional routes, Reuters says »

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XLE

Energy Select Sector SPDR

$75.11

0.5132 (0.69%)

, XLU

Utilities SPDR

$53.04

0.2049 (0.39%)

17:36
09/21/18
09/21
17:36
09/21/18
17:36
General news
Week ending ETF Scorecard: Materials outperform, Utlilites slump »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$75.11

0.5132 (0.69%)

XLU

Utilities SPDR

$53.04

0.2049 (0.39%)

IYR

DJ US Real Estate Index Fund

$81.88

-0.06 (-0.07%)

XLP

Consumer Staples Sector SPDR

$55.02

0.1285 (0.23%)

XLY

Consumer Discretionary Sector SPDR

$116.98

-0.4288 (-0.37%)

XLB

S&P Select Materials SPDR

$60.54

-0.1312 (-0.22%)

XLF

Financial Select Sector

$28.73

-0.1175 (-0.41%)

XLV

Health Care Select Sector SPDR

$94.26

0.1571 (0.17%)

XLK

Technology Select Sector SPDR

$74.68

-0.2056 (-0.27%)

XLI

Industrial Select Sector SPDR

$79.71

0.2338 (0.29%)

GLD

SPDR Gold Trust

$113.48

-0.77 (-0.67%)

SLV

iShares Silver Trust

$13.44

-0.01 (-0.07%)

USO

United States Oil Fund

$14.95

0.145 (0.98%)

UNG

United States Natural Gas Fund

$24.60

0.235 (0.96%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$86.24

0.05 (0.06%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$114.72

0.04 (0.03%)

TLT

iShares 20+ Year Treasury Bond Fund

$117.12

-0.02 (-0.02%)

IEF

iShares 7-10 Year Treasury Bond ETF

$101.00

0.03 (0.03%)

SHY

iShares 1-3 Year Treasury Bond

$83.05

0.02 (0.02%)

IWD

iShares Russell 1000 Value

$129.51

0.13 (0.10%)

IWF

iShares Russell 1000 Growth

$155.30

-0.55 (-0.35%)

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OHGI

One Horizon Group

$0.18

-0.0088 (-4.63%)

17:34
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17:34
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Breaking Syndicate news story on One Horizon Group »

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CYTX

Cytori Therapeutics

$0.41

-0.033 (-7.38%)

17:31
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Breaking Syndicate news story on Cytori Therapeutics »

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NEM

Newmont Mining

$31.56

0.05 (0.16%)

17:22
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Breaking Syndicate news story on Newmont Mining »

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CB

Chubb

$139.87

-0.05 (-0.04%)

17:22
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17:22
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Chubb CEO Greenberg sells $8.6M in common stock »

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VTVT

vTv Therapeutics

$0.80

0.0096 (1.21%)

17:21
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17:21
Hot Stocks
vTv says FDA advised that azeliragon efficacy be shown in at least 2 trials »

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VYGR

Voyager Therapeutics

$18.21

-0.27 (-1.46%)

17:17
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17:17
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Breaking Hot Stocks news story on Voyager Therapeutics »

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GNRC

Generac

$57.99

-0.02 (-0.03%)

17:16
09/21/18
09/21
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17:16
Hot Stocks
Generac announces new $250M share repurchase program »

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GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

, IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

17:13
09/21/18
09/21
17:13
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17:13
Conference/Events
Independent Bank to host special shareholder meeting »

Special Shareholder…

GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

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HRS

Harris

$164.33

1.685 (1.04%)

17:13
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Harris awarded $255.4M Department of Defense contract »

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PMBC

Pacific Mercantile Bancorp

$9.25

-0.5 (-5.13%)

17:10
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Breaking Hot Stocks news story on Pacific Mercantile Bancorp »

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WSC

WillScot

$17.10

-0.05 (-0.29%)

17:10
09/21/18
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Breaking Syndicate news story on WillScot »

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DTEA

DAVIDsTEA

$2.50

-0.9 (-26.47%)

17:09
09/21/18
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Breaking Hot Stocks news story on DAVIDsTEA »

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NYT

New York Times

$23.45

0.3 (1.30%)

, EXPE

Expedia

$133.73

-0.77 (-0.57%)

17:08
09/21/18
09/21
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17:08
Hot Stocks
Expedia president Bhutani joins New York Times board »

The New York Times…

NYT

New York Times

$23.45

0.3 (1.30%)

EXPE

Expedia

$133.73

-0.77 (-0.57%)

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IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

, GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

17:08
09/21/18
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17:08
Conference/Events
Guaranty Bancorp to host special shareholder meeting »

Special Shareholder…

IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

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MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

, ANDV

Andeavor

$154.80

2.19 (1.44%)

17:01
09/21/18
09/21
17:01
09/21/18
17:01
Conference/Events
Andeavor to host special shareholder meeting »

Special Shareholder…

MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

ANDV

Andeavor

$154.80

2.19 (1.44%)

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ANDV

Andeavor

$154.80

2.19 (1.44%)

, MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

16:59
09/21/18
09/21
16:59
09/21/18
16:59
Conference/Events
Marathon Petroleum to host special shareholder meeting »

Special Shareholder…

ANDV

Andeavor

$154.80

2.19 (1.44%)

MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

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  • 24

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EPRT

Essential Properties Realty Trust

$14.49

-0.015 (-0.10%)

16:45
09/21/18
09/21
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09/21/18
16:45
Hot Stocks
Breaking Hot Stocks news story on Essential Properties Realty Trust »

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BBSI

Barrett Business

$63.67

0.04 (0.06%)

16:43
09/21/18
09/21
16:43
09/21/18
16:43
Hot Stocks
SEC says Barrett Business to pay $1.5M penalty over improper accounting »

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SIGA

Siga Technologies

$7.25

0.5 (7.41%)

16:42
09/21/18
09/21
16:42
09/21/18
16:42
Conference/Events
Siga Technologies to host business news update conference call »

Management holds a…

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