Ramco-Gershenson Properties Trust (RPT) Given Consensus Recommendation of “Hold” by Analysts

Ramco-Gershenson Properties Trust (NYSE:RPT) has been given a consensus recommendation of “Hold” by the twelve research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $13.43.

Several research analysts have commented on RPT shares. Zacks Investment Research upgraded shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. ValuEngine cut shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Jefferies Group set a $13.00 target price on shares of Ramco-Gershenson Properties Trust and gave the stock a “hold” rating in a research report on Tuesday, February 27th. B. Riley restated a “buy” rating and issued a $14.00 target price (down previously from $15.50) on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, February 22nd. Finally, Boenning Scattergood restated a “sell” rating on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, February 22nd.

In other news, Director Joel M. Pashcow sold 25,049 shares of the stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $11.45, for a total value of $286,811.05. Following the completion of the transaction, the director now directly owns 135,029 shares in the company, valued at $1,546,082.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joel M. Pashcow sold 25,475 shares of the stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $11.70, for a total transaction of $298,057.50. Following the completion of the transaction, the director now owns 135,029 shares of the company’s stock, valued at $1,579,839.30. The disclosure for this sale can be found here. Company insiders own 3.71% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in RPT. SG Americas Securities LLC acquired a new stake in Ramco-Gershenson Properties Trust during the first quarter valued at approximately $136,000. Brinker Capital Inc. lifted its stake in Ramco-Gershenson Properties Trust by 47.9% during the first quarter. Brinker Capital Inc. now owns 15,055 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 4,876 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new stake in Ramco-Gershenson Properties Trust during the fourth quarter valued at approximately $209,000. Verition Fund Management LLC acquired a new stake in Ramco-Gershenson Properties Trust during the fourth quarter valued at approximately $224,000. Finally, Ellington Management Group LLC acquired a new stake in Ramco-Gershenson Properties Trust during the fourth quarter valued at approximately $225,000.

NYSE RPT traded up $0.13 on Monday, hitting $11.40. The stock had a trading volume of 373,841 shares, compared to its average volume of 421,514. Ramco-Gershenson Properties Trust has a one year low of $11.15 and a one year high of $15.00. The stock has a market cap of $901.93 million, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted 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). Ramco-Gershenson Properties Trust had a return on equity of 8.04% and a net margin of 24.33%. The firm had revenue of $64.26 million during the quarter, compared to the consensus estimate of $65.81 million. equities research analysts anticipate that Ramco-Gershenson Properties Trust will post 1.32 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Wednesday, June 20th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 7.72%. The ex-dividend date is Tuesday, June 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 64.71%.

About Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust (NYSE:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company's primary business is the ownership and management of regional dominant and urban-oriented, infill shopping centers in key growth markets in the 40 largest metropolitan markets in the United States.

Analyst Recommendations for Ramco-Gershenson Properties Trust (NYSE:RPT)

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