Ramco-Gershenson Properties Trust (RPT) Given a $14.00 Price Target by Jefferies Group Analysts

Ramco-Gershenson Properties Trust (NYSE:RPT) has been given a $14.00 price objective by equities research analysts at Jefferies Group in a research report issued on Wednesday. The firm currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Group’s price target would suggest a potential downside of 3.25% from the stock’s current price. Jefferies Group also issued estimates for Ramco-Gershenson Properties Trust’s Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.34 EPS, Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.35 EPS and Q3 2019 earnings at $0.34 EPS.

Other equities analysts have also recently issued research reports about the company. B. Riley reissued a “buy” rating on shares of Ramco-Gershenson Properties Trust in a report on Thursday, November 2nd. KeyCorp reissued a “buy” rating and set a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Friday, September 1st. ValuEngine raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Robert W. Baird reissued a “hold” rating and set a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Thursday, August 24th. Finally, Raymond James Financial reissued a “hold” rating on shares of Ramco-Gershenson Properties Trust in a report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.13.

Shares of Ramco-Gershenson Properties Trust (RPT) traded up $0.08 during trading on Wednesday, hitting $14.47. The company’s stock had a trading volume of 442,700 shares, compared to its average volume of 826,432. Ramco-Gershenson Properties Trust has a fifty-two week low of $11.86 and a fifty-two week high of $17.30. The firm has a market capitalization of $1,142.08, a PE ratio of 10.50, a P/E/G ratio of 2.36 and a beta of 0.81.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 EPS 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 business had revenue of $64.93 million during the quarter, compared to analysts’ expectations of $66.07 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. research analysts anticipate that Ramco-Gershenson Properties Trust will post 1.37 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Ramco-Gershenson Properties Trust by 3.7% in the second quarter. Vanguard Group Inc. now owns 12,918,922 shares of the real estate investment trust’s stock valued at $166,655,000 after purchasing an additional 461,163 shares during the last quarter. BlackRock Inc. grew its position in Ramco-Gershenson Properties Trust by 8.2% in the second quarter. BlackRock Inc. now owns 11,230,214 shares of the real estate investment trust’s stock worth $144,866,000 after acquiring an additional 855,357 shares during the period. Cohen & Steers Inc. grew its position in Ramco-Gershenson Properties Trust by 20.0% in the second quarter. Cohen & Steers Inc. now owns 9,759,451 shares of the real estate investment trust’s stock worth $209,340,000 after acquiring an additional 1,629,927 shares during the period. Macquarie Group Ltd. grew its position 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 worth $75,796,000 after acquiring an additional 437,323 shares during the period. Finally, Lasalle Investment Management Securities LLC grew its position in Ramco-Gershenson Properties Trust by 0.6% in the second quarter. Lasalle Investment Management Securities LLC now owns 4,593,698 shares of the real estate investment trust’s stock worth $90,082,000 after acquiring an additional 28,259 shares during the period. 98.53% of the stock is owned by hedge funds and other institutional investors.

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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.