Ramco-Gershenson Properties Trust (NYSE:RPT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Ramco-Gershenson Properties Trust is engaged in the business of owning, developing, acquiring, managing and leasing community shopping centers, regional malls and single tenant retail properties, nationally. “

Several other equities research analysts also recently issued reports on the company. ValuEngine upgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Jefferies Group LLC reiterated a “buy” rating and set a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, June 20th. BidaskClub upgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Wednesday. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ramco-Gershenson Properties Trust in a report on Monday, June 12th. Finally, FBR & Co reiterated an “outperform” rating and set a $15.00 price target on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $17.42.

Ramco-Gershenson Properties Trust (NYSE RPT) opened at 13.66 on Thursday. Ramco-Gershenson Properties Trust has a 52 week low of $11.86 and a 52 week high of $19.97. The stock’s 50 day moving average is $12.94 and its 200 day moving average is $14.25. The company has a market capitalization of $1.08 billion, a PE ratio of 20.39 and a beta of 0.70.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can increased its position in shares of 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 during the period. Fox Run Management L.L.C. acquired a new position in shares of Ramco-Gershenson Properties Trust during the first quarter worth about $144,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Ramco-Gershenson Properties Trust by 0.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,953 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 100 shares during the period. Teza Capital Management LLC acquired a new position in shares of Ramco-Gershenson Properties Trust during the first quarter worth about $210,000. Finally, US Bancorp DE increased its position in shares of Ramco-Gershenson Properties Trust by 11.7% in the first quarter. US Bancorp DE now owns 18,806 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 1,973 shares during the period.

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.

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

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