Jefferies Group Equities Analysts Increase Earnings Estimates for Ramco-Gershenson Properties Trust (RPT)

Ramco-Gershenson Properties Trust (NYSE:RPT) – Equities research analysts at Jefferies Group increased their FY2018 earnings estimates for Ramco-Gershenson Properties Trust in a research report issued to clients and investors on Wednesday. Jefferies Group analyst G. Hoglund now expects that the real estate investment trust will earn $1.32 per share for the year, up from their prior forecast of $1.30. Jefferies Group has a “Hold” rating and a $14.00 price objective on the stock. Jefferies Group also issued estimates for Ramco-Gershenson Properties Trust’s FY2019 earnings at $1.38 EPS.

A number of other research analysts have also commented on the stock. ValuEngine lowered shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, August 24th. Zacks Investment Research lowered shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. KeyCorp reaffirmed a “buy” rating and set a $16.00 price objective on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, October 4th. Finally, BTIG Research lowered shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $15.13.

Shares of Ramco-Gershenson Properties Trust (NYSE RPT) traded down $0.06 on Friday, hitting $14.41. 465,800 shares of the stock were exchanged, compared to its average volume of 824,936. The firm has a market capitalization of $1,148.43, a price-to-earnings ratio of 10.56, a P/E/G ratio of 2.73 and a beta of 0.81. Ramco-Gershenson Properties Trust has a 1-year low of $11.86 and a 1-year high of $17.11.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.34. The business had revenue of $64.93 million during the quarter, compared to analyst estimates of $66.07 million. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. The firm’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 earned $0.34 earnings per share.

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter worth approximately $116,000. Bank of Montreal Can increased 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 worth $120,000 after buying an additional 6,976 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter worth approximately $138,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter worth approximately $179,000. Finally, Profund Advisors LLC acquired a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter worth approximately $185,000. 98.53% of the stock is owned by hedge funds and other institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Wednesday, December 20th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.11%. The ex-dividend date is Tuesday, December 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 149.15%.

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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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