$65.81 Million in Sales Expected for Ramco-Gershenson Properties Trust (RPT) This Quarter

Analysts expect Ramco-Gershenson Properties Trust (NYSE:RPT) to post sales of $65.81 million for the current quarter, according to Zacks. Eight analysts have made estimates for Ramco-Gershenson Properties Trust’s earnings, with the lowest sales estimate coming in at $62.87 million and the highest estimate coming in at $69.36 million. Ramco-Gershenson Properties Trust reported sales of $64.45 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.1%. The company is scheduled to announce its next earnings results after the market closes on Tuesday, February 20th.

On average, analysts expect that Ramco-Gershenson Properties Trust will report full-year sales of $65.81 million for the current year, with estimates ranging from $260.03 million to $269.86 million. For the next year, analysts forecast that the company will report sales of $262.10 million per share, with estimates ranging from $250.89 million to $270.49 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Ramco-Gershenson Properties Trust.

A number of equities analysts have recently issued reports on RPT shares. Boenning Scattergood set a $13.00 price objective on Ramco-Gershenson Properties Trust and gave the stock a “sell” rating in a report on Wednesday, December 13th. Robert W. Baird reiterated a “hold” rating and issued a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, November 1st. Raymond James Financial reiterated a “hold” rating on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, December 12th. Zacks Investment Research cut Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Finally, ValuEngine cut Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Ramco-Gershenson Properties Trust currently has an average rating of “Hold” and a consensus target price of $14.86.

In related news, CEO Dennis Earl Gershenson bought 25,000 shares of the stock in a transaction dated Thursday, 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 purchase, the chief executive officer now owns 529,454 shares in the company, valued at approximately $7,719,439.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.71% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RPT. NWQ Investment Management Company LLC lifted its stake in shares of Ramco-Gershenson Properties Trust by 34.0% in the 3rd 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 acquiring an additional 995,250 shares during the last quarter. State Street Corp lifted its stake in shares of Ramco-Gershenson Properties Trust by 18.3% in the 2nd quarter. State Street Corp now owns 3,086,615 shares of the real estate investment trust’s stock valued at $39,820,000 after acquiring an additional 476,883 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Ramco-Gershenson Properties Trust by 3.4% in the 4th quarter. BlackRock Inc. now owns 13,628,931 shares of the real estate investment trust’s stock valued at $200,754,000 after acquiring an additional 446,460 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of Ramco-Gershenson Properties Trust by 8.1% in the 3rd quarter. Macquarie Group Ltd. now owns 5,825,988 shares of the real estate investment trust’s stock valued at $75,796,000 after acquiring an additional 437,323 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Ramco-Gershenson Properties Trust by 12.8% in the 3rd 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 acquiring an additional 378,813 shares during the last quarter.

Ramco-Gershenson Properties Trust (NYSE:RPT) opened at $12.13 on Monday. Ramco-Gershenson Properties Trust has a fifty-two week low of $11.36 and a fifty-two week high of $16.47. The stock has a market capitalization of $962.71, a PE ratio of 21.28, a PEG ratio of 2.32 and a beta of 0.58.

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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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Earnings History and Estimates for Ramco-Gershenson Properties Trust (NYSE:RPT)

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