Ramco-Gershenson Properties Trust (NYSE:RPT) Receiving Somewhat Positive Media Coverage, Report Finds

Headlines about Ramco-Gershenson Properties Trust (NYSE:RPT) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ramco-Gershenson Properties Trust earned a news impact score of 0.16 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.6157963285021 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the headlines that may have effected Accern’s rankings:

A number of research analysts have commented on RPT shares. Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. ValuEngine downgraded Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Raymond James Financial, Inc. restated a “market perform” rating on shares of Ramco-Gershenson Properties Trust in a research note on Monday, June 12th. Jefferies Group LLC restated a “buy” rating and issued a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, June 20th. Finally, KeyCorp reiterated an “overweight” rating and set a $16.00 price target (down previously from $18.00) on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $16.00.

Ramco-Gershenson Properties Trust (RPT) opened at 13.30 on Friday. The firm has a market cap of $1.06 billion, a PE ratio of 32.44 and a beta of 0.71. The company’s 50 day moving average price is $13.43 and its 200 day moving average price is $13.98. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $19.89.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Ramco-Gershenson Properties Trust had a return on equity of 4.99% and a net margin of 15.05%. The business had revenue of $67.10 million during the quarter, compared to analysts’ expectations of $67.05 million. During the same quarter last year, the company posted $0.35 earnings per share. Ramco-Gershenson Properties Trust’s quarterly revenue was up 1.8% on a year-over-year basis. Analysts predict that Ramco-Gershenson Properties Trust will post $0.25 earnings per share for the current fiscal year.

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Ramco-Gershenson Properties Trust Company Profile

Ramco-Gershenson Properties Trust is an equity real estate investment trust. The Company’s primary business is the ownership, management, redevelopment, development and operation of retail shopping centers. As of December 31, 2016, it owned and managed multi-anchored shopping centers in 12 metropolitan markets in the United States.

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