Brokers Issue Forecasts for Ramco-Gershenson Properties Trust’s Q1 2018 Earnings (RPT)

Ramco-Gershenson Properties Trust (NYSE:RPT) – Analysts at DA Davidson dropped their Q1 2018 earnings estimates for Ramco-Gershenson Properties Trust in a report issued on Thursday. DA Davidson analyst J. Lykins now expects that the real estate investment trust will post earnings of $0.32 per share for the quarter, down from their previous forecast of $0.33. DA Davidson has a “Neutral” rating and a $14.00 price target on the stock. DA Davidson also issued estimates for Ramco-Gershenson Properties Trust’s Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.33 EPS, FY2018 earnings at $1.31 EPS and FY2019 earnings at $1.39 EPS.

Several other brokerages have also issued reports on RPT. Boenning Scattergood set a $13.00 target price on shares of Ramco-Gershenson Properties Trust and gave the company a “sell” rating in a research report on Wednesday, December 13th. Robert W. Baird restated a “hold” rating and set a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, November 1st. Raymond James Financial restated a “hold” rating on shares of Ramco-Gershenson Properties Trust in a research report on Tuesday, December 12th. Zacks Investment Research lowered shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. Finally, B. Riley restated a “buy” rating and set a $14.00 target price (down from $15.50) on shares of Ramco-Gershenson Properties Trust in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Ramco-Gershenson Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $14.14.

Shares of Ramco-Gershenson Properties Trust (NYSE RPT) opened at $11.90 on Friday. The company has a market cap of $934.14, a P/E ratio of 15.66, a PEG ratio of 2.26 and a beta of 0.58. Ramco-Gershenson Properties Trust has a 12 month low of $11.36 and a 12 month high of $16.05.

In other Ramco-Gershenson Properties Trust news, CEO Dennis Earl Gershenson bought 25,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average cost of $14.58 per share, for a total transaction of $364,500.00. Following the completion of the transaction, the chief executive officer now 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 through this hyperlink. Insiders own 3.71% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Ramco-Gershenson Properties Trust by 3.4% during 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 in the last quarter. Macquarie Group Ltd. lifted its holdings in Ramco-Gershenson Properties Trust by 5.9% during 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 in the last quarter. NWQ Investment Management Company LLC lifted its holdings in Ramco-Gershenson Properties Trust by 34.0% during 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 in the last quarter. Principal Financial Group Inc. lifted its holdings in Ramco-Gershenson Properties Trust by 12.8% during 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 in the last quarter. Finally, State Street Corp lifted its holdings in Ramco-Gershenson Properties Trust by 18.3% during the second quarter. State Street Corp now owns 3,086,615 shares of the real estate investment trust’s stock valued at $39,820,000 after purchasing an additional 476,883 shares in the last quarter.

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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.

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

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