Ramco-Gershenson Properties Trust (RPT) Earns Coverage Optimism Score of 0.23

Press coverage about Ramco-Gershenson Properties Trust (NYSE:RPT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ramco-Gershenson Properties Trust earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.8583371252781 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

A number of analysts recently issued reports on RPT shares. B. Riley reissued a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. ValuEngine raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. KeyCorp reissued a “buy” rating and set a $16.00 price objective on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, October 4th. Jefferies Group cut Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and reduced their price objective for the company from $16.00 to $13.00 in a research report on Friday, September 15th. Finally, Robert W. Baird reissued a “hold” rating and set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Ramco-Gershenson Properties Trust presently has an average rating of “Hold” and a consensus price target of $14.86.

Shares of Ramco-Gershenson Properties Trust (NYSE RPT) opened at $13.87 on Thursday. The stock has a market capitalization of $1,100.00, a price-to-earnings ratio of 24.33, a P/E/G ratio of 2.76 and a beta of 0.81. Ramco-Gershenson Properties Trust has a 12-month low of $11.86 and a 12-month high of $16.60.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, hitting 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 company 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 firm earned $0.34 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. equities research analysts anticipate that Ramco-Gershenson Properties Trust will post 1.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Wednesday, December 20th were given a $0.22 dividend. The ex-dividend date was Tuesday, December 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.34%. Ramco-Gershenson Properties Trust’s dividend payout ratio is currently 154.39%.

In related news, CEO Dennis Earl Gershenson purchased 25,000 shares of Ramco-Gershenson Properties Trust stock in a transaction on Friday, December 14th. The stock was bought at an average price of $14.58 per share, with a total value of $364,500.00. Following the completion of the transaction, the chief executive officer now directly owns 529,454 shares of the company’s stock, valued at $7,719,439.32. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.57% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Ramco-Gershenson Properties Trust (NYSE:RPT)

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