Ramco-Gershenson Properties Trust (NYSE:RPT) – Equities research analysts at KeyCorp lowered their FY2018 earnings estimates for Ramco-Gershenson Properties Trust in a report issued on Thursday. KeyCorp analyst T. Thomas now expects that the real estate investment trust will post earnings per share of $1.34 for the year, down from their previous estimate of $1.35. KeyCorp also issued estimates for Ramco-Gershenson Properties Trust’s FY2019 earnings at $1.40 EPS.
RPT has been the subject of several other research reports. Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Jefferies Group set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the company a “hold” rating in a report on Tuesday, February 27th. Boenning Scattergood set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the company a “sell” rating in a report on Wednesday, December 13th. ValuEngine downgraded shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Raymond James Financial reissued a “hold” rating on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $14.00.
Shares of Ramco-Gershenson Properties Trust (RPT) traded down $0.08 during mid-day trading on Monday, hitting $12.01. 106,427 shares of the company traded hands, compared to its average volume of 577,755. The company has a market cap of $959.65, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 2.22 and a beta of 0.67. Ramco-Gershenson Properties Trust has a 1-year low of $11.36 and a 1-year high of $15.00.
Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.09). The company had revenue of $64.26 million for the quarter, compared to the consensus estimate of $65.81 million. Ramco-Gershenson Properties Trust had a return on equity of 8.75% and a net margin of 26.05%.
Institutional investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB bought a new stake in shares of Ramco-Gershenson Properties Trust during the 4th quarter worth approximately $209,000. Verition Fund Management LLC bought a new stake in shares of Ramco-Gershenson Properties Trust during the 4th quarter worth approximately $224,000. Ellington Management Group LLC bought a new stake in shares of Ramco-Gershenson Properties Trust during the 4th quarter worth approximately $225,000. Allianz Asset Management GmbH bought a new stake in shares of Ramco-Gershenson Properties Trust during the 3rd quarter worth approximately $264,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Ramco-Gershenson Properties Trust by 164.1% during the 3rd quarter. SG Americas Securities LLC now owns 25,787 shares of the real estate investment trust’s stock worth $335,000 after acquiring an additional 16,023 shares during the period.
In other Ramco-Gershenson Properties Trust news, CEO Dennis Earl Gershenson acquired 25,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was purchased at an average price of $14.58 per share, with a total value of $364,500.00. Following the acquisition, 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 document filed with the SEC, which is available through this hyperlink. Insiders own 1.57% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Tuesday, March 20th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date is Monday, March 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio is currently 115.79%.
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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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