Ramco-Gershenson Properties Trust (NYSE:RPT) – Equities research analysts at Capital One Financial Corporation upped their Q2 2017 earnings per share estimates for shares of Ramco-Gershenson Properties Trust in a research report issued on Tuesday. Capital One Financial Corporation analyst C. Lucas now anticipates that the real estate investment trust will post earnings per share of $0.35 for the quarter, up from their prior estimate of $0.34. Capital One Financial Corporation also issued estimates for Ramco-Gershenson Properties Trust’s FY2017 earnings at $1.37 EPS, Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.34 EPS and FY2018 earnings at $1.38 EPS.

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Other equities research analysts have also recently issued research reports about the stock. KeyCorp restated an “overweight” rating and issued a $16.00 price target (down previously from $18.00) on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, June 28th. BidaskClub upgraded shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. FBR & Co restated 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. Finally, ValuEngine upgraded shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.42.

Ramco-Gershenson Properties Trust (NYSE RPT) opened at 13.89 on Thursday. The company’s 50-day moving average is $13.08 and its 200-day moving average is $14.16. The company has a market cap of $1.10 billion, a P/E ratio of 20.73 and a beta of 0.70. Ramco-Gershenson Properties Trust has a 52 week low of $11.86 and a 52 week high of $19.97.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Tuesday, June 20th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.34%. The ex-dividend date of this dividend was Friday, June 16th. Ramco-Gershenson Properties Trust’s dividend payout ratio is presently 129.41%.

A number of large investors have recently made changes to their positions in RPT. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in 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 valued at $182,000 after buying an additional 100 shares during the last quarter. Janus Capital Management LLC raised its position 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 valued at $2,404,000 after buying an additional 1,103 shares during the last quarter. Advisors Asset Management Inc. raised its position in Ramco-Gershenson Properties Trust by 4.4% in the first quarter. Advisors Asset Management Inc. now owns 41,185 shares of the real estate investment trust’s stock valued at $577,000 after buying an additional 1,734 shares during the last quarter. US Bancorp DE raised its position in 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 valued at $264,000 after buying an additional 1,973 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Ramco-Gershenson Properties Trust by 2.0% in the first quarter. California Public Employees Retirement System now owns 125,613 shares of the real estate investment trust’s stock valued at $1,761,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 97.59% of the company’s stock.

About Ramco-Gershenson Properties Trust

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.

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

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