Ramco-Gershenson Properties Trust (RPT) Receives Average Rating of “Hold” from Brokerages

Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) have been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $13.17.

Several research analysts recently issued reports on RPT shares. ValuEngine lowered Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. KeyCorp set a $15.00 target price on Ramco-Gershenson Properties Trust and gave the company a “buy” rating in a research report on Wednesday, August 15th. Finally, Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating and set a $14.00 target price on the stock in a research report on Saturday, August 11th.

Shares of NYSE RPT traded up $0.12 during mid-day trading on Monday, reaching $13.61. 672,252 shares of the company were exchanged, compared to its average volume of 608,091. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market capitalization of $1.08 billion, a P/E ratio of 10.01, a price-to-earnings-growth ratio of 2.15 and a beta of 0.52. Ramco-Gershenson Properties Trust has a 1 year low of $11.15 and a 1 year high of $15.00.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.07. Ramco-Gershenson Properties Trust had a return on equity of 5.47% and a net margin of 16.33%. The company had revenue of $64.22 million for the quarter, compared to analyst estimates of $62.37 million. During the same period in the prior year, the company posted $0.34 EPS. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Ramco-Gershenson Properties Trust will post 1.37 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Thursday, December 20th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 6.47%. The ex-dividend date is Wednesday, December 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio is currently 64.71%.

A number of large investors have recently made changes to their positions in the stock. Assetmark Inc. acquired a new position in shares of Ramco-Gershenson Properties Trust in the second quarter valued at about $131,000. Laurion Capital Management LP acquired a new position in shares of Ramco-Gershenson Properties Trust in the second quarter valued at about $172,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Ramco-Gershenson Properties Trust in the second quarter valued at about $224,000. Paloma Partners Management Co acquired a new position in shares of Ramco-Gershenson Properties Trust in the second quarter valued at about $267,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ramco-Gershenson Properties Trust by 151.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,396 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 12,900 shares during the period.

Ramco-Gershenson Properties Trust Company Profile

RAMCO Properties (NYSE:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT). The Company's primary business is the ownership and management of high-quality shopping centers primarily located in the largest metropolitan markets in the United States.

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

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