Ramco-Gershenson Properties Trust (NYSE:RPT) – Equities research analysts at DA Davidson cut their Q1 2018 earnings per share (EPS) estimates for Ramco-Gershenson Properties Trust in a research report issued to clients and investors on Thursday. DA Davidson analyst J. Lykins now forecasts that the real estate investment trust will earn $0.33 per share for the quarter, down from their prior estimate of $0.36. DA Davidson currently has a “Neutral” rating and a $14.00 target price on the stock. DA Davidson also issued estimates for Ramco-Gershenson Properties Trust’s Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.38 EPS.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. ValuEngine cut shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Monday, October 16th. Robert W. Baird reaffirmed a “hold” rating and set a $13.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, August 24th. Finally, BidaskClub raised shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $14.94.

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Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) opened at $13.08 on Monday. The firm has a market capitalization of $1,038.11, a PE ratio of 9.55, a PEG ratio of 2.33 and a beta of 0.76. Ramco-Gershenson Properties Trust has a 52 week low of $11.86 and a 52 week high of $17.56.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $64.93 million during the quarter, compared to the consensus estimate of $66.07 million. Ramco-Gershenson Properties Trust had a return on equity of 6.96% and a net margin of 20.75%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter valued at approximately $116,000. Bank of Montreal Can raised its holdings in shares of Ramco-Gershenson Properties Trust by 300.8% during the second quarter. Bank of Montreal Can now owns 9,295 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 6,976 shares during the last quarter. Amalgamated Bank bought a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter valued at approximately $138,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter valued at approximately $179,000. Finally, Profund Advisors LLC bought a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter valued at approximately $185,000. 98.53% of the stock is currently owned by 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.

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

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