Ramco-Gershenson Properties Trust (RPT) PT Set at $13.00 by Boenning Scattergood

Ramco-Gershenson Properties Trust (NYSE:RPT) has been given a $13.00 price objective by Boenning Scattergood in a research note issued to investors on Thursday, August 3rd. The firm presently has a “sell” rating on the real estate investment trust’s stock. Boenning Scattergood’s price objective indicates a potential downside of 2.26% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub upgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. FBR & Co reiterated an “outperform” rating and set a $15.00 price target on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, July 11th. ValuEngine upgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. 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 report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $16.00.

Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) opened at 13.30 on Thursday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 32.44 and a beta of 0.71. The company’s 50-day moving average is $13.43 and its 200 day moving average is $13.98. Ramco-Gershenson Properties Trust has a 12 month low of $11.86 and a 12 month high of $19.89.

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

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Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Ramco-Gershenson Properties Trust by 3.7% in the second quarter. Vanguard Group Inc. now owns 12,918,922 shares of the real estate investment trust’s stock valued at $166,655,000 after buying an additional 461,163 shares during the last quarter. BlackRock Inc. boosted its stake in Ramco-Gershenson Properties Trust by 8.2% in the second quarter. BlackRock Inc. now owns 11,230,214 shares of the real estate investment trust’s stock valued at $144,866,000 after buying an additional 855,357 shares during the last quarter. Wellington Management Group LLP boosted its stake in Ramco-Gershenson Properties Trust by 63.3% in the first quarter. Wellington Management Group LLP now owns 4,572,116 shares of the real estate investment trust’s stock valued at $64,101,000 after buying an additional 1,773,010 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Ramco-Gershenson Properties Trust by 14.9% in the first quarter. Macquarie Group Ltd. now owns 4,260,160 shares of the real estate investment trust’s stock valued at $59,728,000 after buying an additional 551,471 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Ramco-Gershenson Properties Trust by 36.2% in the second quarter. Northern Trust Corp now owns 2,984,300 shares of the real estate investment trust’s stock valued at $38,496,000 after buying an additional 793,612 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Ramco-Gershenson Properties Trust

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.

Analyst Recommendations for Ramco-Gershenson Properties Trust (NYSE:RPT)

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