Ramco-Gershenson Properties Trust (RPT) Given Average Rating of “Hold” by Brokerages
Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) have earned a consensus recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $15.14.
Several equities analysts recently issued reports on the company. KeyCorp reiterated an “overweight” rating and issued a $16.00 price objective (down from $18.00) on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, June 28th. ValuEngine upgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. FBR & Co reiterated an “outperform” rating and issued a $15.00 price objective on shares of Ramco-Gershenson Properties Trust in a research report on Tuesday, July 11th. BidaskClub upgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research lowered Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th.
Shares of Ramco-Gershenson Properties Trust (NYSE RPT) traded down 1.47% on Thursday, hitting $12.75. 448,094 shares of the company’s stock traded hands. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 31.10 and a beta of 0.74. Ramco-Gershenson Properties Trust has a 1-year low of $11.86 and a 1-year high of $17.56. The firm’s 50-day moving average price is $13.25 and its 200 day moving average price is $13.29.
Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company 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%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. On average, equities research analysts expect that Ramco-Gershenson Properties Trust will post $0.31 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Wednesday, September 20th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date of this dividend was Tuesday, September 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is currently 214.64%.
A number of large investors have recently added to or reduced their stakes in the business. Peregrine Capital Management LLC boosted its position in Ramco-Gershenson Properties Trust by 2.1% during the 3rd quarter. Peregrine Capital Management LLC now owns 619,184 shares of the real estate investment trust’s stock worth $8,056,000 after acquiring an additional 12,579 shares during the last quarter. First Trust Advisors LP boosted its position in Ramco-Gershenson Properties Trust by 5.4% during the 3rd quarter. First Trust Advisors LP now owns 180,601 shares of the real estate investment trust’s stock worth $2,350,000 after acquiring an additional 9,294 shares during the last quarter. Nationwide Fund Advisors boosted its position in Ramco-Gershenson Properties Trust by 35.2% during the 3rd quarter. Nationwide Fund Advisors now owns 93,850 shares of the real estate investment trust’s stock worth $1,221,000 after acquiring an additional 24,433 shares during the last quarter. Orinda Asset Management LLC acquired a new position in Ramco-Gershenson Properties Trust during the 3rd quarter worth approximately $195,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Ramco-Gershenson Properties Trust during the 2nd quarter worth approximately $179,000. 98.39% of the stock is owned by hedge funds and other institutional investors.
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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