Jefferies Group LLC Reiterates “Hold” Rating for Ramco-Gershenson Properties Trust (NYSE:RPT)

Ramco-Gershenson Properties Trust (NYSE:RPT)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group LLC in a report issued on Monday, October 16th. They presently have a $13.00 target price on the real estate investment trust’s stock. Jefferies Group LLC’s price target points to a potential upside of 1.96% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. ValuEngine raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. BidaskClub raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. KeyCorp reaffirmed a “buy” rating and set a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Friday, September 1st. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $15.14.

Ramco-Gershenson Properties Trust (RPT) opened at 12.75 on Monday. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $17.56. The firm has a 50-day moving average price of $13.25 and a 200 day moving average price of $13.29. The firm has a market capitalization of $1.01 billion, a P/E ratio of 31.10 and a beta of 0.74.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Ramco-Gershenson Properties Trust had a return on equity of 4.99% and a net margin of 15.05%. The firm had revenue of $67.10 million during the quarter, compared to the consensus estimate of $67.05 million. During the same quarter in the prior year, the business posted $0.35 earnings per share. Ramco-Gershenson Properties Trust’s revenue for the quarter was up 1.8% on a year-over-year basis. Analysts forecast that Ramco-Gershenson Properties Trust will post $0.31 EPS for the current year.

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Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in shares of Ramco-Gershenson Properties Trust during the 2nd quarter valued at $116,000. Bank of Montreal Can grew its holdings in shares of Ramco-Gershenson Properties Trust by 300.8% in the 2nd quarter. Bank of Montreal Can now owns 9,295 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 6,976 shares during the last quarter. Amalgamated Bank acquired a new position in shares of Ramco-Gershenson Properties Trust in the 2nd quarter worth $138,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ramco-Gershenson Properties Trust in the 2nd quarter worth $179,000. Finally, Profund Advisors LLC acquired a new position in shares of Ramco-Gershenson Properties Trust in the 2nd quarter worth $185,000. Institutional investors own 98.39% of the company’s stock.

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.

Analyst Recommendations for Ramco-Gershenson Properties Trust (NYSE:RPT)

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