KeyCorp Comments on Ramco-Gershenson Properties Trust’s Q3 2018 Earnings (RPT)

Ramco-Gershenson Properties Trust (NYSE:RPT) – Equities research analysts at KeyCorp issued their Q3 2018 earnings estimates for shares of Ramco-Gershenson Properties Trust in a research note issued to investors on Wednesday, August 15th. KeyCorp analyst T. Thomas forecasts that the real estate investment trust will earn $0.32 per share for the quarter. KeyCorp has a “Buy” rating and a $15.00 price objective on the stock. KeyCorp also issued estimates for Ramco-Gershenson Properties Trust’s Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.29 EPS, Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.32 EPS and FY2019 earnings at $1.27 EPS.

A number of other research firms have also commented on RPT. ValuEngine upgraded Ramco-Gershenson Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research lowered Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 12th. DA Davidson set a $12.00 price target on Ramco-Gershenson Properties Trust and gave the stock a “hold” rating in a research report on Tuesday, May 8th. Finally, Boenning Scattergood restated a “sell” rating and set a $12.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Monday, May 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $13.14.

NYSE RPT opened at $13.37 on Thursday. The company has a market cap of $1.03 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61. Ramco-Gershenson Properties Trust has a one year low of $11.15 and a one year high of $15.00. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.43 and a current ratio of 0.43.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings results on Wednesday, August 8th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.20). The business had revenue of $69.97 million for the quarter, compared to the consensus estimate of $62.91 million. Ramco-Gershenson Properties Trust had a return on equity of 7.83% and a net margin of 23.37%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Ramco-Gershenson Properties Trust by 6.9% in the 2nd quarter. BlackRock Inc. now owns 15,004,465 shares of the real estate investment trust’s stock valued at $198,209,000 after buying an additional 962,944 shares during the last quarter. Macquarie Group Ltd. boosted its position in Ramco-Gershenson Properties Trust by 6.2% in the 2nd quarter. Macquarie Group Ltd. now owns 7,354,078 shares of the real estate investment trust’s stock valued at $97,147,000 after buying an additional 431,965 shares during the last quarter. Principal Financial Group Inc. boosted its position in Ramco-Gershenson Properties Trust by 17.5% in the 1st quarter. Principal Financial Group Inc. now owns 4,189,760 shares of the real estate investment trust’s stock valued at $51,786,000 after buying an additional 622,602 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Ramco-Gershenson Properties Trust by 11.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,934,659 shares of the real estate investment trust’s stock valued at $48,632,000 after buying an additional 410,893 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Ramco-Gershenson Properties Trust by 3.7% in the 1st quarter. Northern Trust Corp now owns 3,192,843 shares of the real estate investment trust’s stock valued at $39,464,000 after buying an additional 113,686 shares during the last quarter.

In other Ramco-Gershenson Properties Trust news, Director Joel M. Pashcow sold 25,000 shares of the stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $11.82, for a total value of $295,500.00. Following the transaction, the director now directly owns 60,978 shares in the company, valued at approximately $720,759.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.52% of the stock is currently owned by company insiders.

About Ramco-Gershenson Properties Trust

RAMCO (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 town centers, urban infill properties and neighborhood shopping centers primarily located in 15 of the 40 largest 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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