Ramco-Gershenson Properties Trust (NYSE:RPT) has been given a consensus rating of “Hold” by the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $14.94.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and reduced their target price for the company from $16.00 to $13.00 in a research note on Friday, September 15th. DA Davidson lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research note on Thursday, November 2nd. Robert W. Baird reissued a “hold” rating and set a $13.00 price target on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, November 1st. Finally, ValuEngine raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th.

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Several institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Ramco-Gershenson Properties Trust by 7,078.4% during the 1st quarter. BlackRock Inc. now owns 10,374,857 shares of the real estate investment trust’s stock worth $145,455,000 after buying an additional 10,230,328 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Ramco-Gershenson Properties Trust by 15,951.1% during the 2nd quarter. Principal Financial Group Inc. now owns 2,953,395 shares of the real estate investment trust’s stock worth $38,100,000 after buying an additional 2,934,995 shares during the last quarter. Sorin Capital Management LLC acquired a new stake in shares of Ramco-Gershenson Properties Trust during the 2nd quarter worth $17,036,000. Prudential Financial Inc. increased its holdings in shares of Ramco-Gershenson Properties Trust by 1,638.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,390,766 shares of the real estate investment trust’s stock worth $17,941,000 after buying an additional 1,310,786 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of Ramco-Gershenson Properties Trust by 26.5% during the 2nd quarter. Macquarie Group Ltd. now owns 5,388,665 shares of the real estate investment trust’s stock worth $69,513,000 after buying an additional 1,128,505 shares during the last quarter. 96.17% of the stock is currently owned by institutional investors.

Ramco-Gershenson Properties Trust (RPT) traded up $0.05 during mid-day trading on Monday, reaching $14.21. The company had a trading volume of 469,400 shares, compared to its average volume of 855,488. Ramco-Gershenson Properties Trust has a 12-month low of $11.86 and a 12-month high of $17.46. The stock has a market cap of $1,127.79, a price-to-earnings ratio of 10.37, a P/E/G ratio of 2.40 and a beta of 0.76.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. Ramco-Gershenson Properties Trust had a return on equity of 6.96% and a net margin of 20.75%. The firm had revenue of $64.93 million for the quarter, compared to analyst estimates of $66.07 million. During the same quarter in the prior year, the company earned $0.34 EPS. Ramco-Gershenson Properties Trust’s revenue was up 1.3% on a year-over-year basis. equities research analysts anticipate that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current fiscal year.

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.

Analyst Recommendations for Ramco-Gershenson Properties Trust (NYSE:RPT)

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