Public Employees Retirement System of Ohio Reduces Stake in Ramco-Gershenson Properties Trust (RPT)

Public Employees Retirement System of Ohio lowered its position in Ramco-Gershenson Properties Trust (NYSE:RPT) by 18.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,015 shares of the real estate investment trust’s stock after selling 22,891 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.12% of Ramco-Gershenson Properties Trust worth $1,308,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in RPT. BlackRock Inc. grew its holdings in shares of Ramco-Gershenson Properties Trust by 6.9% in the second quarter. BlackRock Inc. now owns 15,004,465 shares of the real estate investment trust’s stock valued at $198,209,000 after purchasing an additional 962,944 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Ramco-Gershenson Properties Trust by 17.5% in the first quarter. Principal Financial Group Inc. now owns 4,189,760 shares of the real estate investment trust’s stock valued at $51,786,000 after purchasing an additional 622,602 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Ramco-Gershenson Properties Trust by 1,419.0% in the second quarter. Advisors Asset Management Inc. now owns 562,118 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 525,112 shares during the period. Macquarie Group Ltd. grew its holdings in shares of Ramco-Gershenson Properties Trust by 6.2% in the second quarter. Macquarie Group Ltd. now owns 7,354,078 shares of the real estate investment trust’s stock valued at $97,147,000 after purchasing an additional 431,965 shares during the period. Finally, KBC Group NV grew its holdings in shares of Ramco-Gershenson Properties Trust by 241.5% in the second quarter. KBC Group NV now owns 296,597 shares of the real estate investment trust’s stock valued at $3,918,000 after purchasing an additional 209,740 shares during the period.

NYSE RPT opened at $12.59 on Friday. Ramco-Gershenson Properties Trust has a 12 month low of $11.15 and a 12 month high of $15.00. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 9.26, a P/E/G ratio of 2.15 and a beta of 0.57.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its earnings results on Wednesday, August 8th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.20). Ramco-Gershenson Properties Trust had a net margin of 23.37% and a return on equity of 7.83%. The company had revenue of $69.97 million during the quarter, compared to analyst estimates of $62.91 million. During the same period in the previous year, the company earned $0.35 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, analysts predict that Ramco-Gershenson Properties Trust will post 1.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Thursday, September 20th were given a $0.22 dividend. The ex-dividend date was Wednesday, September 19th. This represents a $0.88 dividend on an annualized basis and a yield of 6.99%. Ramco-Gershenson Properties Trust’s payout ratio is currently 64.71%.

RPT has been the subject of a number of analyst reports. KeyCorp set a $15.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the company a “buy” rating in a report on Wednesday, August 15th. ValuEngine raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Finally, Zacks Investment Research lowered shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $13.14.

Ramco-Gershenson Properties Trust Company Profile

RAMCO (NYSE:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company's primary business is the ownership and management of regional town centers, urban infill properties and neighborhood shopping centers primarily located in 15 of the 40 largest metropolitan markets in the United States.

See Also: Fiduciary

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Institutional Ownership by Quarter for Ramco-Gershenson Properties Trust (NYSE:RPT)

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