B. Riley Reiterates Buy Rating for Ramco-Gershenson Properties Trust (RPT)
Ramco-Gershenson Properties Trust (NYSE:RPT)‘s stock had its “buy” rating reaffirmed by equities researchers at B. Riley in a research note issued on Thursday.
Several other brokerages have also weighed in on RPT. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Boenning Scattergood set a $13.00 price objective on Ramco-Gershenson Properties Trust and gave the company a “sell” rating in a report on Thursday, August 3rd. Jefferies Group LLC lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $16.00 to $13.00 in a report on Friday, September 15th. BidaskClub raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, KeyCorp reissued a “buy” rating and set a $16.00 price objective on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Ramco-Gershenson Properties Trust currently has an average rating of “Hold” and a consensus price target of $14.94.
Shares of Ramco-Gershenson Properties Trust (RPT) traded down $0.35 during mid-day trading on Thursday, reaching $13.08. The company’s stock had a trading volume of 668,040 shares, compared to its average volume of 613,857. Ramco-Gershenson Properties Trust has a 12 month low of $11.86 and a 12 month high of $17.56. The firm has a market cap of $1,040.00, a price-to-earnings ratio of 9.80, a P/E/G ratio of 3.03 and a beta of 0.76.
Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Ramco-Gershenson Properties Trust had a return on equity of 6.96% and a net margin of 20.75%. The company had revenue of $64.93 million for the quarter, compared to analyst estimates of $66.07 million. During the same period in the prior year, the firm posted $0.34 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. sell-side analysts forecast that Ramco-Gershenson Properties Trust will post 1.36 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new position in shares of Ramco-Gershenson Properties Trust during the 2nd quarter worth approximately $116,000. Bank of Montreal Can lifted its position in shares of Ramco-Gershenson Properties Trust by 300.8% during the 2nd quarter. Bank of Montreal Can now owns 9,295 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 6,976 shares during the period. Amalgamated Bank bought a new position in shares of Ramco-Gershenson Properties Trust during the 2nd quarter worth approximately $138,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Ramco-Gershenson Properties Trust during the 2nd quarter worth approximately $179,000. Finally, Profund Advisors LLC bought a new position in shares of Ramco-Gershenson Properties Trust during the 2nd quarter worth approximately $185,000. Institutional investors and hedge funds own 98.69% of the company’s stock.
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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