Ramco-Gershenson Properties Trust (NYSE:RPT)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Group LLC in a note issued to investors on Monday. They presently have a $13.00 target price on the real estate investment trust’s stock. Jefferies Group LLC’s target price would indicate a potential downside of 2.69% from the stock’s current price.
Several other research firms have also weighed in on RPT. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Boenning Scattergood set a $13.00 price target on Ramco-Gershenson Properties Trust and gave the stock a “sell” rating in a research report on Thursday, August 3rd. BidaskClub raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. KeyCorp reaffirmed a “buy” rating and set a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, October 4th. Finally, ValuEngine lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.14.
Shares of Ramco-Gershenson Properties Trust (NYSE RPT) traded down 1.04% during midday trading on Monday, hitting $13.36. The company had a trading volume of 402,295 shares. Ramco-Gershenson Properties Trust has a 12-month low of $11.86 and a 12-month high of $17.89. The firm has a market capitalization of $1.06 billion, a P/E ratio of 32.59 and a beta of 0.74. The firm’s 50-day moving average is $13.24 and its 200-day moving average is $13.33.
Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $67.10 million for the quarter, compared to analyst estimates of $67.05 million. Ramco-Gershenson Properties Trust had a return on equity of 4.99% and a net margin of 15.05%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 EPS. On average, analysts predict that Ramco-Gershenson Properties Trust will post $0.31 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in shares of Ramco-Gershenson Properties Trust during the 2nd quarter worth approximately $116,000. Bank of Montreal Can boosted its stake in shares of Ramco-Gershenson Properties Trust by 300.8% during the 2nd quarter. Bank of Montreal Can now owns 9,295 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 6,976 shares during the period. Amalgamated Bank bought a new position in shares of Ramco-Gershenson Properties Trust during the 2nd quarter worth approximately $138,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Ramco-Gershenson Properties Trust during the 2nd quarter worth approximately $179,000. Finally, Profund Advisors LLC bought a new position in shares of Ramco-Gershenson Properties Trust during the 2nd quarter worth approximately $185,000. Institutional investors own 98.39% 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.
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