Ramco-Gershenson Properties Trust (NYSE:RPT) has been assigned an average rating of “Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $17.79.

Several research analysts have commented on RPT shares. ValuEngine raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Tuesday, June 20th. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Ramco-Gershenson Properties Trust in a research report on Monday, June 12th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Tuesday, July 11th.

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Several hedge funds have recently added to or reduced their stakes in RPT. Louisiana State Employees Retirement System purchased a new stake in Ramco-Gershenson Properties Trust during the second quarter worth about $417,000. State of Alaska Department of Revenue boosted its stake in Ramco-Gershenson Properties Trust by 30.7% in the second quarter. State of Alaska Department of Revenue now owns 59,672 shares of the real estate investment trust’s stock worth $769,000 after buying an additional 14,002 shares in the last quarter. Bank of Montreal Can boosted its stake in Ramco-Gershenson Properties Trust by 300.8% in the second quarter. Bank of Montreal Can now owns 9,295 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 6,976 shares in the last quarter. Janus Capital Management LLC boosted its stake in Ramco-Gershenson Properties Trust by 0.6% in the first quarter. Janus Capital Management LLC now owns 171,469 shares of the real estate investment trust’s stock worth $2,404,000 after buying an additional 1,103 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Ramco-Gershenson Properties Trust by 14.9% in the first quarter. Macquarie Group Ltd. now owns 4,260,160 shares of the real estate investment trust’s stock worth $59,728,000 after buying an additional 551,471 shares in the last quarter.

Ramco-Gershenson Properties Trust (NYSE:RPT) traded down 0.89% during trading on Tuesday, hitting $13.38. The stock had a trading volume of 471,530 shares. The firm has a market cap of $1.06 billion, a PE ratio of 19.97 and a beta of 0.70. Ramco-Gershenson Properties Trust has a 52 week low of $11.86 and a 52 week high of $20.19. The company’s 50-day moving average is $12.84 and its 200 day moving average is $14.60.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Tuesday, June 20th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend was Friday, June 16th. Ramco-Gershenson Properties Trust’s dividend payout ratio is presently 129.41%.

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.

Analyst Recommendations for Ramco-Gershenson Properties Trust (NYSE:RPT)

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