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VERO BEACH, Florida, July 24, 2019 -- ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR-PACL and ARR-PB) (“ARMOUR” or the “Company”) today announced that the Board of Directors of.
Moody's Investors Service ("Moody's") has withdrawn Gramercy Property Trust's issuer rating and its subsidiary, GPT Operating Partnership, LP's ("GPT") senior unsecured debt rating following the acquisition of Gramercy Property Trust by affiliates of Blackstone Real Estate Partners VIII L.P., and full repayment of the GPT's rated debt.
Gramercy Property Trust announced today the completion of its previously announced acquisition by affiliates of Blackstone Real Estate Partners VIII L.P. The total transaction value is approximately $7.6 billion.
Short interest is extremely low for GPT with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting GPT. Over the last month, growth of ETFs holding GPT is favorable, with net inflows of $6.11 billion.