Prudential Financial Inc. Has $16.96 Million Holdings in Ramco-Gershenson Properties Trust (NYSE:RPT)

Prudential Financial Inc. cut its position in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,303,296 shares of the real estate investment trust’s stock after selling 87,470 shares during the quarter. Prudential Financial Inc. owned approximately 1.64% of Ramco-Gershenson Properties Trust worth $16,956,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Forsta AP Fonden boosted its stake in Ramco-Gershenson Properties Trust by 21.4% in the third quarter. Forsta AP Fonden now owns 71,400 shares of the real estate investment trust’s stock valued at $929,000 after acquiring an additional 12,600 shares during the last quarter. RMR Advisors LLC boosted its stake in Ramco-Gershenson Properties Trust by 61.1% in the third quarter. RMR Advisors LLC now owns 32,220 shares of the real estate investment trust’s stock valued at $419,000 after acquiring an additional 12,220 shares during the last quarter. Peregrine Capital Management LLC boosted its stake in Ramco-Gershenson Properties Trust by 2.1% in the third quarter. Peregrine Capital Management LLC now owns 619,184 shares of the real estate investment trust’s stock valued at $8,056,000 after acquiring an additional 12,579 shares during the last quarter. First Trust Advisors LP boosted its stake in Ramco-Gershenson Properties Trust by 5.4% in the third quarter. First Trust Advisors LP now owns 180,601 shares of the real estate investment trust’s stock valued at $2,350,000 after acquiring an additional 9,294 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Ramco-Gershenson Properties Trust by 35.2% in the third quarter. Nationwide Fund Advisors now owns 93,850 shares of the real estate investment trust’s stock valued at $1,221,000 after purchasing an additional 24,433 shares during the period. Institutional investors and hedge funds own 98.53% of the company’s stock.

Several analysts have 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 report on Saturday, November 11th. BTIG Research lowered shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. Robert W. Baird reissued a “hold” rating and issued a $13.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, August 24th. Boenning Scattergood reissued a “sell” rating and issued a $12.50 price target on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. Finally, B. Riley reissued a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.94.

Ramco-Gershenson Properties Trust (NYSE:RPT) traded up $0.36 during mid-day trading on Monday, reaching $14.83. 535,946 shares of the company’s stock were exchanged, compared to its average volume of 833,985. Ramco-Gershenson Properties Trust has a fifty-two week low of $11.86 and a fifty-two week high of $17.42. The stock has a market cap of $1,148.43, a PE ratio of 10.56, a PEG ratio of 2.43 and a beta of 0.81.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.34. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. 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 previous year, the company earned $0.34 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. analysts anticipate that Ramco-Gershenson Properties Trust will post 1.37 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Wednesday, December 20th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $0.88 dividend on an annualized basis and a yield of 5.93%. Ramco-Gershenson Properties Trust’s dividend payout ratio is presently 149.15%.

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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.

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

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