Gramercy started a Buy at Ladenburg Thalman

|About: Gramercy Property Trust,... (GPT)|By:, SA News Editor

Gramercy Property Trust (GPT +1.1%) threatens the $6 level amid being initiated a Buy with $7.50 price target at Ladenburg Thalman, the team no doubt highlighting the coming initiation of a common dividend as a catalyst for the shares.

Seeking Alpha readers got their own Buy initiation on Gramercy more than a year ago, and with the stock 50% lower.