Media stories about Ramco-Gershenson Properties Trust (NYSE:RPT) have been trending somewhat positive recently, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ramco-Gershenson Properties Trust earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.5759377611123 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) traded up $0.26 during trading hours on Friday, hitting $14.16. 400,500 shares of the company were exchanged, compared to its average volume of 857,227. The company has a market capitalization of $1,120.00, a price-to-earnings ratio of 10.15, a PEG ratio of 2.34 and a beta of 0.76. Ramco-Gershenson Properties Trust has a fifty-two week low of $11.86 and a fifty-two week high of $17.46.
Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $64.93 million during the quarter, compared to analyst estimates of $66.07 million. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. equities analysts predict that Ramco-Gershenson Properties Trust will post 1.37 earnings per share for the current year.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Jefferies Group LLC lowered shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and dropped their price objective for the company from $16.00 to $13.00 in a research note on Friday, September 15th. DA Davidson lowered shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research note on Thursday, November 2nd. Robert W. Baird reiterated a “hold” rating and set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, November 1st. Finally, Boenning Scattergood set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the company a “sell” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. Ramco-Gershenson Properties Trust has an average rating of “Hold” and an average price target of $14.94.
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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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