$0.26 Earnings Per Share Expected for Ramco-Gershenson Properties Trust (RPT) This Quarter

Wall Street brokerages predict that Ramco-Gershenson Properties Trust (NYSE:RPT) will post earnings of $0.26 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ramco-Gershenson Properties Trust’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.25. Ramco-Gershenson Properties Trust posted earnings of $0.40 per share during the same quarter last year, which would suggest a negative year over year growth rate of 35%. The firm is scheduled to issue its next earnings results on Wednesday, August 14th.

On average, analysts expect that Ramco-Gershenson Properties Trust will report full-year earnings of $1.06 per share for the current financial year, with EPS estimates ranging from $1.05 to $1.07. For the next financial year, analysts expect that the firm will post earnings of $1.09 per share, with EPS estimates ranging from $1.06 to $1.14. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Ramco-Gershenson Properties Trust.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its earnings results on Wednesday, February 20th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.37). The business had revenue of $63.72 million for the quarter, compared to analyst estimates of $63.30 million. Ramco-Gershenson Properties Trust had a net margin of 8.06% and a return on equity of 2.76%.

RPT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th. ValuEngine upgraded shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd.

In other news, Director David J. Nettina acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was acquired at an average price of $11.81 per share, for a total transaction of $118,100.00. Following the completion of the transaction, the director now owns 56,629 shares in the company, valued at approximately $668,788.49. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian Harper acquired 8,500 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was purchased at an average price of $11.78 per share, with a total value of $100,130.00. Following the transaction, the chief executive officer now owns 284,281 shares of the company’s stock, valued at approximately $3,348,830.18. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 20,500 shares of company stock valued at $241,770. Insiders own 3.64% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Ramco-Gershenson Properties Trust by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 12,068,478 shares of the real estate investment trust’s stock worth $164,133,000 after purchasing an additional 170,107 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ramco-Gershenson Properties Trust by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,273,108 shares of the real estate investment trust’s stock valued at $17,313,000 after purchasing an additional 7,209 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Ramco-Gershenson Properties Trust by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,384,494 shares of the real estate investment trust’s stock valued at $18,829,000 after purchasing an additional 34,476 shares in the last quarter. MetLife Investment Advisors LLC raised its holdings in shares of Ramco-Gershenson Properties Trust by 53.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 58,180 shares of the real estate investment trust’s stock valued at $791,000 after purchasing an additional 20,204 shares in the last quarter. Finally, Strs Ohio raised its holdings in shares of Ramco-Gershenson Properties Trust by 5.9% in the 4th quarter. Strs Ohio now owns 137,752 shares of the real estate investment trust’s stock valued at $1,646,000 after purchasing an additional 7,620 shares in the last quarter.

Shares of Ramco-Gershenson Properties Trust stock traded up $0.01 during trading hours on Friday, reaching $12.65. The stock had a trading volume of 34,499 shares, compared to its average volume of 586,015. The company has a market cap of $1.02 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 211.52 and a beta of 0.75. Ramco-Gershenson Properties Trust has a twelve month low of $11.24 and a twelve month high of $14.42. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.71 and a current ratio of 1.71.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 20th will be given a $0.22 dividend. The ex-dividend date is Wednesday, June 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.96%. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is currently 65.19%.

About Ramco-Gershenson Properties Trust

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.

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Earnings History and Estimates for Ramco-Gershenson Properties Trust (NYSE:RPT)

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