Ramco-Gershenson Properties Trust (RPT) Stake Decreased by New York State Teachers Retirement System

New York State Teachers Retirement System cut its stake in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 19.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,538 shares of the real estate investment trust’s stock after selling 7,600 shares during the quarter. New York State Teachers Retirement System’s holdings in Ramco-Gershenson Properties Trust were worth $410,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RPT. Teachers Advisors LLC boosted its stake in Ramco-Gershenson Properties Trust by 0.5% during the first quarter. Teachers Advisors LLC now owns 600,838 shares of the real estate investment trust’s stock worth $8,424,000 after acquiring an additional 3,082 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Ramco-Gershenson Properties Trust by 3.8% during the first quarter. TIAA CREF Investment Management LLC now owns 373,171 shares of the real estate investment trust’s stock worth $5,232,000 after acquiring an additional 13,806 shares in the last quarter. California Public Employees Retirement System boosted its stake in Ramco-Gershenson Properties Trust by 2.0% during the first quarter. California Public Employees Retirement System now owns 125,613 shares of the real estate investment trust’s stock worth $1,761,000 after acquiring an additional 2,500 shares in the last quarter. Vanguard Group Inc. boosted its stake in Ramco-Gershenson Properties Trust by 1.6% during the first quarter. Vanguard Group Inc. now owns 12,457,759 shares of the real estate investment trust’s stock worth $174,657,000 after acquiring an additional 201,543 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Ramco-Gershenson Properties Trust by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,112,419 shares of the real estate investment trust’s stock worth $15,596,000 after acquiring an additional 48,739 shares in the last quarter. 98.53% of the stock is currently owned by institutional investors and hedge funds.

Ramco-Gershenson Properties Trust (NYSE RPT) opened at $13.84 on Wednesday. Ramco-Gershenson Properties Trust has a 12 month low of $11.86 and a 12 month high of $17.56. The firm has a market cap of $1,095.25, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 2.45 and a beta of 0.76.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. The firm had revenue of $64.93 million for the quarter, compared to analyst estimates of $66.07 million. During the same period last year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. equities analysts predict that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current fiscal year.

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Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday. B. Riley reissued a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, November 2nd. DA Davidson lowered shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research note on Thursday, November 2nd. Robert W. Baird reissued a “hold” rating and set a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, November 1st. Finally, KeyCorp reissued a “buy” rating and set a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $14.94.

Ramco-Gershenson Properties Trust 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.

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

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