Ramco-Gershenson Properties Trust (RPT) to Release Earnings on Tuesday
Ramco-Gershenson Properties Trust (NYSE:RPT) is set to post its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Ramco-Gershenson Properties Trust to post earnings of $0.06 per share for the quarter. Ramco-Gershenson Properties Trust has set its FY17 guidance at $1.34-1.38 EPS.
Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $67.05 million. During the same quarter last year, the business earned $0.35 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. On average, analysts expect Ramco-Gershenson Properties Trust to post $1.37 EPS for the current fiscal year and $1.39 EPS for the next fiscal year.
Ramco-Gershenson Properties Trust (RPT) opened at 13.20 on Tuesday. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 32.20 and a beta of 0.74. The firm’s 50-day moving average is $13.27 and its 200 day moving average is $13.30. Ramco-Gershenson Properties Trust has a 12-month low of $11.86 and a 12-month high of $17.71.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Wednesday, September 20th were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 19th. This represents a $0.88 annualized dividend and a yield of 6.67%. Ramco-Gershenson Properties Trust’s payout ratio is currently 214.64%.
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Several analysts have weighed in on the company. BidaskClub upgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Robert W. Baird restated a “hold” rating and set a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Thursday, August 24th. FBR & Co restated an “outperform” rating and set a $15.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, July 11th. Zacks Investment Research downgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Finally, KeyCorp restated an “overweight” rating and set a $16.00 target price (down previously from $18.00) on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.14.
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.
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