Ramco-Gershenson Properties Trust (RPT) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research downgraded shares of Ramco-Gershenson Properties Trust (NYSE:RPT) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Ramco-Gershenson Properties Trust is engaged in the business of owning, developing, acquiring, managing and leasing community shopping centers, regional malls and single tenant retail properties, nationally. “

Several other analysts have also recently commented on RPT. Jefferies Group restated a hold rating and issued a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Monday, October 16th. Robert W. Baird restated a hold rating and issued a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, November 1st. DA Davidson cut shares of Ramco-Gershenson Properties Trust from a buy rating to a neutral rating and set a $14.00 target price for the company. in a research note on Thursday, November 2nd. Boenning Scattergood restated a sell rating and issued a $12.50 target price on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, November 2nd. Finally, BTIG Research cut shares of Ramco-Gershenson Properties Trust from a buy rating to a neutral rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Ramco-Gershenson Properties Trust has a consensus rating of Hold and a consensus price target of $14.86.

Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) opened at $12.13 on Tuesday. Ramco-Gershenson Properties Trust has a 52 week low of $11.36 and a 52 week high of $16.47. The company has a market cap of $931.76, a price-to-earnings ratio of 20.56, a PEG ratio of 2.25 and a beta of 0.58.

In related news, CEO Dennis Earl Gershenson acquired 25,000 shares of Ramco-Gershenson Properties Trust stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average price of $14.58 per share, for a total transaction of $364,500.00. Following the completion of the purchase, the chief executive officer now directly owns 529,454 shares of the company’s stock, valued at $7,719,439.32. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 3.71% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Ramco-Gershenson Properties Trust by 3.4% in the fourth quarter. BlackRock Inc. now owns 13,628,931 shares of the real estate investment trust’s stock valued at $200,754,000 after purchasing an additional 446,460 shares during the period. Vanguard Group Inc. lifted its stake in shares of Ramco-Gershenson Properties Trust by 3.7% in the second quarter. Vanguard Group Inc. now owns 12,918,922 shares of the real estate investment trust’s stock valued at $166,655,000 after purchasing an additional 461,163 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Ramco-Gershenson Properties Trust by 5.9% in the fourth quarter. Macquarie Group Ltd. now owns 6,170,687 shares of the real estate investment trust’s stock valued at $90,590,000 after purchasing an additional 344,699 shares during the period. NWQ Investment Management Company LLC lifted its stake in shares of Ramco-Gershenson Properties Trust by 34.0% in the third quarter. NWQ Investment Management Company LLC now owns 3,923,161 shares of the real estate investment trust’s stock valued at $51,040,000 after purchasing an additional 995,250 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Ramco-Gershenson Properties Trust by 12.8% in the third quarter. Principal Financial Group Inc. now owns 3,332,208 shares of the real estate investment trust’s stock valued at $43,353,000 after purchasing an additional 378,813 shares during the period.

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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.

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