United Services Automobile Association Boosts Holdings in Ramco-Gershenson Properties Trust (RPT)

United Services Automobile Association raised its holdings in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 7.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 907,457 shares of the real estate investment trust’s stock after purchasing an additional 62,240 shares during the period. United Services Automobile Association’s holdings in Ramco-Gershenson Properties Trust were worth $12,341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RPT. Assetmark Inc. purchased a new position in Ramco-Gershenson Properties Trust during the 2nd quarter valued at about $131,000. Laurion Capital Management LP purchased a new position in Ramco-Gershenson Properties Trust during the 2nd quarter valued at about $172,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Ramco-Gershenson Properties Trust during the 2nd quarter valued at about $224,000. Advisors Asset Management Inc. increased its position in Ramco-Gershenson Properties Trust by 1,419.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 562,118 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 525,112 shares during the period. Finally, Paloma Partners Management Co purchased a new position in Ramco-Gershenson Properties Trust during the 2nd quarter valued at about $267,000.

Shares of Ramco-Gershenson Properties Trust stock opened at $14.31 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.37. Ramco-Gershenson Properties Trust has a 52-week low of $11.15 and a 52-week high of $15.00. The company has a market capitalization of $1.15 billion, a PE ratio of 10.64, a PEG ratio of 2.82 and a beta of 0.55.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.07. Ramco-Gershenson Properties Trust had a net margin of 16.33% and a return on equity of 5.47%. The firm had revenue of $64.22 million for the quarter, compared to the consensus estimate of $62.37 million. During the same quarter in the previous year, the firm earned $0.34 EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, equities research analysts expect that Ramco-Gershenson Properties Trust will post 1.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Thursday, December 20th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date is Wednesday, December 19th. Ramco-Gershenson Properties Trust’s payout ratio is currently 64.71%.

A number of research analysts have commented on RPT shares. ValuEngine downgraded shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. KeyCorp set a $15.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Finally, Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating and set a $14.00 price objective on the stock in a research report on Saturday, August 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.17.

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Ramco-Gershenson Properties Trust Company Profile

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's locally-curated consumer experiences reflect the lifestyles of its diverse neighborhoods and match the modern expectations of its retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange under the ticker symbol RPT.

Further Reading: What Factors Can Affect Return on Equity?

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Institutional Ownership by Quarter for Ramco-Gershenson Properties Trust (NYSE:RPT)

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