Ramco-Gershenson Properties Trust (RPT) Receives Average Rating of “Hold” from Brokerages

Ramco-Gershenson Properties Trust (NYSE:RPT) has been given an average rating of “Hold” by the fourteen analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $15.13.

RPT has been the topic of a number of analyst reports. KeyCorp reissued a “buy” rating and set a $16.00 price objective on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, October 4th. Zacks Investment Research lowered Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. BTIG Research lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. B. Riley reissued a “buy” rating on shares of Ramco-Gershenson Properties Trust in a report on Thursday, November 2nd. Finally, Boenning Scattergood reissued a “sell” rating and set a $12.50 price objective on shares of Ramco-Gershenson Properties Trust in a report on Thursday, November 2nd.

In other Ramco-Gershenson Properties Trust news, CEO Dennis Earl Gershenson bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average price of $14.58 per share, for a total transaction of $364,500.00. Following the purchase, the chief executive officer now directly owns 529,454 shares in the company, valued at $7,719,439.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.57% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its stake in Ramco-Gershenson Properties Trust by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 61,831 shares of the real estate investment trust’s stock valued at $797,000 after purchasing an additional 449 shares during the period. California Public Employees Retirement System boosted its stake in Ramco-Gershenson Properties Trust by 1.5% during the 2nd quarter. California Public Employees Retirement System now owns 127,513 shares of the real estate investment trust’s stock valued at $1,645,000 after purchasing an additional 1,900 shares during the period. Nationwide Fund Advisors boosted its stake in Ramco-Gershenson Properties Trust by 4.7% during the 2nd quarter. Nationwide Fund Advisors now owns 69,417 shares of the real estate investment trust’s stock valued at $895,000 after purchasing an additional 3,136 shares during the period. Voya Investment Management LLC boosted its stake in Ramco-Gershenson Properties Trust by 16.2% during the 2nd quarter. Voya Investment Management LLC now owns 31,768 shares of the real estate investment trust’s stock valued at $410,000 after purchasing an additional 4,439 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its stake in Ramco-Gershenson Properties Trust by 2.0% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 272,300 shares of the real estate investment trust’s stock valued at $3,543,000 after purchasing an additional 5,400 shares during the period. Hedge funds and other institutional investors own 98.23% of the company’s stock.

Shares of Ramco-Gershenson Properties Trust (NYSE RPT) traded down $0.57 during midday trading on Tuesday, hitting $14.03. The stock had a trading volume of 644,206 shares, compared to its average volume of 560,150. The firm has a market cap of $1,160.00, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81. Ramco-Gershenson Properties Trust has a fifty-two week low of $11.86 and a fifty-two week high of $16.68.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.34. The business had revenue of $64.93 million for 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 firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. sell-side analysts forecast that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Wednesday, December 20th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $0.88 annualized dividend and a yield of 6.27%. Ramco-Gershenson Properties Trust’s payout ratio is 154.39%.

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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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