Ramco-Gershenson Properties Trust (RPT) Downgraded to “Hold” at ValuEngine

Ramco-Gershenson Properties Trust (NYSE:RPT) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

RPT has been the topic of a number of other reports. Jefferies Group set a $14.00 price objective 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 price objective on Ramco-Gershenson Properties Trust and gave the stock a “sell” rating in a report on Wednesday, December 13th. Raymond James Financial reaffirmed a “hold” rating on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, December 12th. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th. Finally, B. Riley reaffirmed a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.86.

Ramco-Gershenson Properties Trust (NYSE RPT) traded down $0.03 during midday trading on Friday, reaching $12.94. 1,060,000 shares of the company traded hands, compared to its average volume of 499,444. Ramco-Gershenson Properties Trust has a twelve month low of $11.86 and a twelve month high of $16.51. The firm has a market cap of $1,027.00, a P/E ratio of 21.93, a P/E/G ratio of 2.48 and a beta of 0.58.

In other news, CEO Dennis Earl Gershenson bought 25,000 shares of the company’s stock in a transaction on Friday, December 14th. The shares were acquired at an average cost of $14.58 per share, with a total value of $364,500.00. Following the completion of the transaction, the chief executive officer now owns 529,454 shares of the company’s stock, valued at approximately $7,719,439.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.71% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC increased its stake in Ramco-Gershenson Properties Trust by 24.3% in the 4th quarter. Aperio Group LLC now owns 54,675 shares of the real estate investment trust’s stock worth $805,000 after acquiring an additional 10,698 shares during the last quarter. Dupont Capital Management Corp boosted its holdings in Ramco-Gershenson Properties Trust by 516.7% during the 4th quarter. Dupont Capital Management Corp now owns 70,896 shares of the real estate investment trust’s stock valued at $1,044,000 after acquiring an additional 59,400 shares during the period. RMR Advisors LLC lifted its holdings in shares of Ramco-Gershenson Properties Trust by 155.2% in the 4th quarter. RMR Advisors LLC now owns 82,220 shares of the real estate investment trust’s stock worth $1,211,000 after buying an additional 50,000 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Ramco-Gershenson Properties Trust by 17.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 986,720 shares of the real estate investment trust’s stock worth $14,535,000 after buying an additional 147,789 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. lifted its holdings in shares of Ramco-Gershenson Properties Trust by 26.7% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 286,771 shares of the real estate investment trust’s stock worth $4,224,000 after buying an additional 60,355 shares during the period.

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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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