FY2017 EPS Estimates for Ramco-Gershenson Properties Trust Increased by Capital One Financial (RPT)

Ramco-Gershenson Properties Trust (NYSE:RPT) – Investment analysts at Capital One Financial upped their FY2017 EPS estimates for shares of Ramco-Gershenson Properties Trust in a note issued to investors on Monday. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings of $1.38 per share for the year, up from their previous estimate of $1.37. Capital One Financial also issued estimates for Ramco-Gershenson Properties Trust’s Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.33 EPS and FY2018 earnings at $1.33 EPS.

RPT has been the topic of a number of other research reports. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. BTIG Research downgraded Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. Jefferies Group set a $14.00 price target on Ramco-Gershenson Properties Trust and gave the stock a “hold” rating in a research report on Wednesday, December 13th. Boenning Scattergood restated a “sell” rating and set a $12.50 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, November 2nd. Finally, B. Riley restated a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $14.86.

Ramco-Gershenson Properties Trust (NYSE RPT) opened at $11.76 on Wednesday. Ramco-Gershenson Properties Trust has a 12-month low of $11.36 and a 12-month high of $16.47. The stock has a market capitalization of $932.55, a price-to-earnings ratio of 19.93, a PEG ratio of 2.25 and a beta of 0.58.

Several hedge funds and other institutional investors have recently modified their holdings of RPT. NWQ Investment Management Company LLC lifted its stake in shares of Ramco-Gershenson Properties Trust by 34.0% during the 3rd quarter. NWQ Investment Management Company LLC now owns 3,923,161 shares of the real estate investment trust’s stock worth $51,040,000 after purchasing an additional 995,250 shares during the last quarter. State Street Corp lifted its stake in shares of Ramco-Gershenson Properties Trust by 18.3% during the 2nd quarter. State Street Corp now owns 3,086,615 shares of the real estate investment trust’s stock worth $39,820,000 after purchasing an additional 476,883 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Ramco-Gershenson Properties Trust by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 12,918,922 shares of the real estate investment trust’s stock worth $166,655,000 after purchasing an additional 461,163 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Ramco-Gershenson Properties Trust by 3.4% during the 4th quarter. BlackRock Inc. now owns 13,628,931 shares of the real estate investment trust’s stock worth $200,754,000 after purchasing an additional 446,460 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in Ramco-Gershenson Properties Trust by 8.1% in the third quarter. Macquarie Group Ltd. now owns 5,825,988 shares of the real estate investment trust’s stock valued at $75,796,000 after buying an additional 437,323 shares during the last quarter.

In related news, CEO Dennis Earl Gershenson acquired 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average cost of $14.58 per share, for a total transaction of $364,500.00. Following 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.57% of the company’s stock.

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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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