Ramco-Gershenson Properties Trust Reaches New 52-Week High After Dividend Announcement (RPT)
Ramco-Gershenson Properties Trust (NYSE:RPT)’s share price reached a new 52-week high during trading on Wednesday after the company announced a dividend, AnalystRatingsNetwork.com reports. The company traded as high as $17.18 and last traded at $17.12, with a volume of 164,194 shares traded. The stock had previously closed at $17.07.
The newly announced dividend is scheduled for Wednesday, October 1st. Investors of record on Friday, September 19th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.69%.
The stock has a 50-day moving average of $16.75 and a 200-day moving average of $16.51. The company’s market cap is $1.210 billion.
Ramco-Gershenson Properties Trust (NYSE:RPT) last released its earnings data on Tuesday, July 22nd. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.01. Analysts expect that Ramco-Gershenson Properties Trust will post $1.24 EPS for the current fiscal year.
Ramco-Gershenson Properties Trust is a fully integrated, self-administered equity real estate investment trust (NYSE:RPT).
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