Ramco-Gershenson Properties Trust (RPT) Scheduled to Post Earnings on Tuesday

Ramco-Gershenson Properties Trust (NYSE:RPT) will release its earnings data after the market closes on Tuesday, February 20th. Analysts expect Ramco-Gershenson Properties Trust to post earnings of $0.05 per share for the quarter.

Shares of Ramco-Gershenson Properties Trust (NYSE RPT) opened at $11.78 on Tuesday. Ramco-Gershenson Properties Trust has a 1 year low of $11.36 and a 1 year high of $16.50. The stock has a market capitalization of $932.55, a PE ratio of 19.97, a P/E/G ratio of 2.25 and a beta of 0.58.

Several research firms recently issued reports on RPT. ValuEngine cut Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Jefferies Group set a $14.00 target price on Ramco-Gershenson Properties Trust and gave the stock a “hold” rating in a research report on Wednesday, December 13th. Boenning Scattergood set a $13.00 target price on Ramco-Gershenson Properties Trust and gave the stock a “sell” rating in a research report on Wednesday, December 13th. Raymond James Financial reiterated a “hold” rating on shares of Ramco-Gershenson Properties Trust in a research report 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 research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.86.

In other news, CEO Dennis Earl Gershenson purchased 25,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was acquired at an average price of $14.58 per share, for a total transaction of $364,500.00. Following the acquisition, the chief executive officer now directly owns 529,454 shares of the company’s stock, valued at approximately $7,719,439.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.57% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Ramco-Gershenson Properties Trust (RPT) Scheduled to Post Earnings on Tuesday” was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/02/13/ramco-gershenson-properties-trust-rpt-scheduled-to-post-earnings-on-tuesday.html.

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.

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

Receive News & Ratings for Ramco-Gershenson Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ramco-Gershenson Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply