Ramco-Gershenson Properties Trust (NYSE:RPT) – Research analysts at KeyCorp issued their Q4 2017 earnings per share estimates for shares of Ramco-Gershenson Properties Trust in a note issued to investors on Wednesday. KeyCorp analyst T. Thomas expects that the real estate investment trust will earn $0.34 per share for the quarter. KeyCorp currently has a “Buy” rating and a $16.00 price objective on the stock.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $64.93 million for 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%. Ramco-Gershenson Properties Trust’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 earnings per share.

RPT has been the topic of a number of other research reports. Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. BTIG Research downgraded Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. Robert W. Baird reiterated 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. Boenning Scattergood reiterated a “sell” rating and set a $12.50 price target on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. Finally, B. Riley reiterated a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.94.

Ramco-Gershenson Properties Trust (NYSE:RPT) opened at $14.49 on Monday. The stock has a market capitalization of $1,150.01, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 2.38 and a beta of 0.81. Ramco-Gershenson Properties Trust has a 1 year low of $11.86 and a 1 year high of $17.42.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Wednesday, December 20th will be given a $0.22 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $0.88 annualized dividend and a dividend yield of 6.07%. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 149.15%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Ramco-Gershenson Properties Trust by 3.7% in the second quarter. Vanguard Group Inc. now owns 12,918,922 shares of the real estate investment trust’s stock valued at $166,655,000 after acquiring an additional 461,163 shares in the last quarter. BlackRock Inc. lifted its position in shares of Ramco-Gershenson Properties Trust by 8.2% in the second quarter. BlackRock Inc. now owns 11,230,214 shares of the real estate investment trust’s stock valued at $144,866,000 after acquiring an additional 855,357 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Ramco-Gershenson Properties Trust by 8.1% in the third quarter. Macquarie Group Ltd. now owns 5,825,988 shares of the real estate investment trust’s stock valued at $75,796,000 after acquiring an additional 437,323 shares in the last quarter. NWQ Investment Management Company LLC lifted its position in shares of Ramco-Gershenson Properties Trust by 34.0% in the third quarter. NWQ Investment Management Company LLC now owns 3,923,161 shares of the real estate investment trust’s stock valued at $51,040,000 after acquiring an additional 995,250 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Ramco-Gershenson Properties Trust by 12.8% in the third quarter. Principal Financial Group Inc. now owns 3,332,208 shares of the real estate investment trust’s stock valued at $43,353,000 after acquiring an additional 378,813 shares in the last quarter. Institutional investors and hedge funds own 98.53% of the company’s stock.

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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.

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

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