Ramco-Gershenson Properties Trust (NYSE:RPT) – Investment analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for Ramco-Gershenson Properties Trust in a note issued to investors on Wednesday, Zacks Investment Research reports. KeyCorp analyst T. Thomas expects that the real estate investment trust will post earnings of $0.33 per share for the quarter. KeyCorp has a “Buy” rating and a $16.00 price objective on the stock.
RPT has been the subject of a number of other research reports. Zacks Investment Research cut Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BTIG Research cut Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. B. Riley reissued a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. Boenning Scattergood reissued a “sell” rating and issued a $12.50 price objective on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. Finally, ValuEngine raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Ramco-Gershenson Properties Trust currently has an average rating of “Hold” and a consensus target price of $14.86.
Ramco-Gershenson Properties Trust (NYSE:RPT) traded down $0.16 during trading on Friday, hitting $13.75. The stock had a trading volume of 532,028 shares, compared to its average volume of 528,717. The firm has a market cap of $1,103.98, a PE ratio of 23.31, a price-to-earnings-growth ratio of 2.65 and a beta of 0.81. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $16.60.
Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $64.93 million for the quarter, compared to analysts’ expectations of $66.07 million. Ramco-Gershenson Properties Trust had a return on equity of 6.96% and a net margin of 20.75%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Wednesday, December 20th were paid a $0.22 dividend. The ex-dividend date was Tuesday, December 19th. This represents a $0.88 dividend on an annualized basis and a yield of 6.40%. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is 149.15%.
In other news, CEO Dennis Earl Gershenson bought 25,000 shares of Ramco-Gershenson Properties Trust stock in a transaction that occurred on Friday, December 14th. The stock was bought at an average price of $14.58 per share, for a total transaction of $364,500.00. Following the purchase, the chief executive officer now directly owns 529,454 shares of the company’s stock, valued at approximately $7,719,439.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.71% of the company’s stock.
A number of hedge funds have recently modified their holdings of RPT. Tower Research Capital LLC TRC purchased a new position in shares of Ramco-Gershenson Properties Trust during the 2nd quarter valued at about $116,000. Bank of Montreal Can raised its stake in shares of Ramco-Gershenson Properties Trust by 300.8% during the 2nd quarter. Bank of Montreal Can now owns 9,295 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 6,976 shares during the last quarter. Amalgamated Bank purchased a new position in shares of Ramco-Gershenson Properties Trust during the 2nd quarter valued at about $138,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Ramco-Gershenson Properties Trust during the 2nd quarter valued at about $179,000. Finally, Profund Advisors LLC purchased a new position in shares of Ramco-Gershenson Properties Trust during the 2nd quarter valued at about $185,000. Institutional investors own 98.23% of the company’s stock.
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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.
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