Gramercy Capital (GKK) rises 1.6% in early trade as SA Pro author Chris DeMuth updates his...

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

Gramercy Capital (GKK) rises 1.6% in early trade as SA Pro author Chris DeMuth updates his valuation model following the company's business plan update last week, and finds the stock could be worth $8-$11/share by year's end following a capital raise and then successful deployment of that capital. Waiting to buy the stock until the company initiates a dividend will prove a costly strategy, he says. (previous)