Ramco-Gershenson Properties Trust (RPT) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Ramco-Gershenson Properties Trust (NYSE:RPT) from a sell rating to a hold rating in a research report report published on Saturday morning.

According to Zacks, “Ramco-Gershenson Properties Trust is engaged in the business of owning, developing, acquiring, managing and leasing community shopping centers, regional malls and single tenant retail properties, nationally. “

Several other research firms have also commented on RPT. Boenning Scattergood set a $13.00 target price on Ramco-Gershenson Properties Trust and gave the company a sell rating in a research note on Thursday, August 3rd. Jefferies Group LLC lowered Ramco-Gershenson Properties Trust from a buy rating to a hold rating and dropped their target price for the company from $16.00 to $13.00 in a research note on Friday, September 15th. BidaskClub upgraded Ramco-Gershenson Properties Trust from a hold rating to a buy rating in a research note on Wednesday, July 19th. KeyCorp reiterated a buy rating and issued a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, October 4th. Finally, ValuEngine downgraded Ramco-Gershenson Properties Trust from a buy rating to a hold rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $14.94.

Ramco-Gershenson Properties Trust (NYSE:RPT) opened at $13.84 on Friday. The company has a market capitalization of $1,100.00, a price-to-earnings ratio of 10.18, a P/E/G ratio of 2.47 and a beta of 0.76. Ramco-Gershenson Properties Trust has a 12 month low of $11.86 and a 12 month high of $17.56.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. The firm had revenue of $64.93 million during the quarter, compared to analyst estimates of $66.07 million. Ramco-Gershenson Properties Trust had a return on equity of 6.96% and a net margin of 20.75%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share. research analysts expect that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in Ramco-Gershenson Properties Trust by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 61,831 shares of the real estate investment trust’s stock valued at $797,000 after acquiring an additional 449 shares during the period. Janus Capital Management LLC boosted its position in shares of Ramco-Gershenson Properties Trust by 0.6% in the first quarter. Janus Capital Management LLC now owns 171,469 shares of the real estate investment trust’s stock worth $2,404,000 after buying an additional 1,103 shares during the period. California Public Employees Retirement System boosted its position in shares of Ramco-Gershenson Properties Trust by 1.5% in the second quarter. California Public Employees Retirement System now owns 127,513 shares of the real estate investment trust’s stock worth $1,645,000 after buying an additional 1,900 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Ramco-Gershenson Properties Trust by 2.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 77,655 shares of the real estate investment trust’s stock worth $1,002,000 after buying an additional 1,974 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of Ramco-Gershenson Properties Trust by 0.5% in the first quarter. Teachers Advisors LLC now owns 600,838 shares of the real estate investment trust’s stock worth $8,424,000 after buying an additional 3,082 shares during the period. 98.53% of the stock is owned by hedge funds and other institutional investors.

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

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