Ramco-Gershenson Properties Trust (NYSE:RPT)‘s stock had its “buy” rating restated by equities researchers at KeyCorp in a report released on Friday. They currently have a $16.00 target price on the real estate investment trust’s stock. KeyCorp’s price target would indicate a potential upside of 20.30% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. BidaskClub raised shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. ValuEngine raised shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Jefferies Group LLC reissued a “buy” rating and set a $16.00 price objective on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, June 20th. Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Finally, Robert W. Baird reissued a “hold” rating and set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $15.57.

Shares of Ramco-Gershenson Properties Trust (RPT) traded up 1.14% during mid-day trading on Friday, reaching $13.30. 554,754 shares of the company’s stock were exchanged. Ramco-Gershenson Properties Trust has a one year low of $11.86 and a one year high of $19.89. The company has a 50 day moving average price of $13.57 and a 200-day moving average price of $13.68. The stock has a market cap of $1.06 billion, a PE ratio of 32.44 and a beta of 0.71.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Ramco-Gershenson Properties Trust had a net margin of 15.05% and a return on equity of 4.99%. The firm had revenue of $67.10 million during the quarter, compared to analysts’ expectations of $67.05 million. During the same period in the previous year, the company earned $0.35 earnings per share. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Ramco-Gershenson Properties Trust will post $0.25 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Ramco-Gershenson Properties Trust by 7,078.4% in the first quarter. BlackRock Inc. now owns 10,374,857 shares of the real estate investment trust’s stock worth $145,455,000 after buying an additional 10,230,328 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Ramco-Gershenson Properties Trust by 15,951.1% in the second quarter. Principal Financial Group Inc. now owns 2,953,395 shares of the real estate investment trust’s stock worth $38,100,000 after buying an additional 2,934,995 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Ramco-Gershenson Properties Trust by 63.3% in the first quarter. Wellington Management Group LLP now owns 4,572,116 shares of the real estate investment trust’s stock worth $64,101,000 after buying an additional 1,773,010 shares in the last quarter. Sorin Capital Management LLC acquired a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter worth approximately $17,036,000. Finally, Prudential Financial Inc. boosted its stake in shares of Ramco-Gershenson Properties Trust by 1,638.9% in the second quarter. Prudential Financial Inc. now owns 1,390,766 shares of the real estate investment trust’s stock worth $17,941,000 after buying an additional 1,310,786 shares in the last quarter.

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.

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

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