Ramco-Gershenson Properties Trust (NYSE:RPT)‘s stock had its “hold” rating restated by stock analysts at Raymond James Financial in a research report issued to clients and investors on Tuesday.

A number of other brokerages have also recently weighed in on RPT. Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. Jefferies Group cut Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and dropped their price target for the company from $16.00 to $13.00 in a research report on Friday, September 15th. KeyCorp restated a “buy” rating and issued a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, October 4th. ValuEngine lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, August 24th. One 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’s stock. Ramco-Gershenson Properties Trust presently has an average rating of “Hold” and a consensus price target of $14.94.

Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) traded up $0.05 during mid-day trading on Tuesday, hitting $14.39. The stock had a trading volume of 711,965 shares, compared to its average volume of 828,038. Ramco-Gershenson Properties Trust has a twelve month low of $11.86 and a twelve month high of $17.33. The stock has a market capitalization of $1,150.01, a PE ratio of 10.58, a P/E/G ratio of 2.38 and a beta of 0.81.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share 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 business had revenue of $64.93 million during the quarter, compared to analysts’ expectations of $66.07 million. During the same quarter last year, the business posted $0.34 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. equities analysts expect that Ramco-Gershenson Properties Trust will post 1.37 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its stake in shares of Ramco-Gershenson Properties Trust by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 61,831 shares of the real estate investment trust’s stock valued at $797,000 after acquiring an additional 449 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Ramco-Gershenson Properties Trust by 1.5% during the second quarter. California Public Employees Retirement System now owns 127,513 shares of the real estate investment trust’s stock valued at $1,645,000 after acquiring an additional 1,900 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Ramco-Gershenson Properties Trust by 2.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 77,655 shares of the real estate investment trust’s stock valued at $1,002,000 after acquiring an additional 1,974 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Ramco-Gershenson Properties Trust by 4.7% in the 2nd quarter. Nationwide Fund Advisors now owns 69,417 shares of the real estate investment trust’s stock worth $895,000 after buying an additional 3,136 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in Ramco-Gershenson Properties Trust by 16.2% in the 2nd quarter. Voya Investment Management LLC now owns 31,768 shares of the real estate investment trust’s stock worth $410,000 after buying an additional 4,439 shares during the last quarter. 98.53% of the stock is currently owned by institutional investors and hedge funds.

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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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