Analysts expect that Ramco-Gershenson Properties Trust (NYSE:RPT) will announce sales of $65.77 million for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Ramco-Gershenson Properties Trust’s earnings. The lowest sales estimate is $63.57 million and the highest is $68.22 million. Ramco-Gershenson Properties Trust reported sales of $64.08 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.6%. The firm is expected to report its next quarterly earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Ramco-Gershenson Properties Trust will report full year sales of $65.77 million for the current year, with estimates ranging from $259.56 million to $271.94 million. For the next fiscal year, analysts forecast that the firm will report sales of $270.46 million per share, with estimates ranging from $260.94 million to $285.47 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Ramco-Gershenson Properties Trust.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The firm had revenue of $67.10 million during the quarter, compared to analyst estimates of $67.05 million. Ramco-Gershenson Properties Trust had a return on equity of 4.99% and a net margin of 15.05%. Ramco-Gershenson Properties Trust’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share.

A number of equities research analysts have issued reports on the stock. KeyCorp reiterated an “overweight” rating and issued a $16.00 target price (down previously from $18.00) on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, June 28th. Zacks Investment Research downgraded shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. BidaskClub upgraded shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. FBR & Co reiterated an “outperform” rating and issued a $15.00 target price 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, five have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.57.

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Several institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Ramco-Gershenson Properties Trust by 0.8% during the 1st 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 purchasing an additional 100 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Ramco-Gershenson Properties Trust by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 61,831 shares of the real estate investment trust’s stock valued at $797,000 after purchasing an additional 449 shares in the last quarter. Janus Capital Management LLC raised its holdings in shares of Ramco-Gershenson Properties Trust by 0.6% during the 1st quarter. Janus Capital Management LLC now owns 171,469 shares of the real estate investment trust’s stock valued at $2,404,000 after purchasing an additional 1,103 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Ramco-Gershenson Properties Trust by 4.4% during the 1st quarter. Advisors Asset Management Inc. now owns 41,185 shares of the real estate investment trust’s stock valued at $577,000 after purchasing an additional 1,734 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Ramco-Gershenson Properties Trust by 1.5% during the 2nd quarter. California Public Employees Retirement System now owns 127,513 shares of the real estate investment trust’s stock valued at $1,645,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 98.69% of the company’s stock.

Ramco-Gershenson Properties Trust (RPT) opened at 13.54 on Friday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 33.02 and a beta of 0.73. The company has a 50-day moving average price of $13.57 and a 200-day moving average price of $13.59. Ramco-Gershenson Properties Trust has a 12-month low of $11.86 and a 12-month high of $19.05.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Wednesday, September 20th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.50%. Ramco-Gershenson Properties Trust’s dividend payout ratio is currently 214.64%.

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

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