Ramco-Gershenson Properties Trust (NYSE:RPT) CEO Dennis Earl Gershenson bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average price of $14.58 per share, with a total value of $364,500.00. Following the completion of the purchase, the chief executive officer now directly owns 529,454 shares of the company’s stock, valued at approximately $7,719,439.32. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Ramco-Gershenson Properties Trust (RPT) traded down $0.19 during trading hours on Wednesday, reaching $14.60. The company’s stock had a trading volume of 359,537 shares, compared to its average volume of 409,800. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $17.11. The company has a market capitalization of $1,170.00, a PE ratio of 25.61, a price-to-earnings-growth ratio of 2.80 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 firm had revenue of $64.93 million for the quarter, compared to analysts’ expectations of $66.07 million. During the same period in the prior year, the business posted $0.34 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. sell-side analysts forecast that Ramco-Gershenson Properties Trust will post 1.37 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Wednesday, December 20th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend was Tuesday, December 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is 154.39%.

A number of research analysts recently commented on the company. ValuEngine lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research note on Sunday. Jefferies Group set a $14.00 target price on Ramco-Gershenson Properties Trust and gave the company a “hold” rating in a research note on Wednesday, December 13th. Boenning Scattergood set a $13.00 target price on Ramco-Gershenson Properties Trust and gave the company a “sell” rating in a research note on Wednesday, December 13th. Raymond James Financial restated a “hold” rating on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, December 12th. Finally, Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $15.13.

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new stake in Ramco-Gershenson Properties Trust in the second quarter valued at $116,000. Bank of Montreal Can grew 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 purchasing 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 worth $138,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter worth $179,000. Finally, Profund Advisors LLC bought a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter worth $185,000. Hedge funds and other institutional investors own 98.23% of the company’s stock.

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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.

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