Zacks: Brokerages Anticipate Ramco-Gershenson Properties Trust (RPT) Will Announce Earnings of $0.32 Per Share

Wall Street analysts expect Ramco-Gershenson Properties Trust (NYSE:RPT) to announce earnings per share (EPS) of $0.32 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Ramco-Gershenson Properties Trust’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.31. Ramco-Gershenson Properties Trust reported earnings per share of $0.31 during the same quarter last year, which indicates a positive year-over-year growth rate of 3.2%. The business is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, February 20th.

On average, analysts expect that Ramco-Gershenson Properties Trust will report full-year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.37. For the next fiscal year, analysts anticipate that the company will post earnings of $1.30 per share, with EPS estimates ranging from $1.25 to $1.37. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Ramco-Gershenson Properties Trust.

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 for the quarter, topping 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 firm had revenue of $64.22 million for the quarter, compared to the consensus estimate of $62.37 million. During the same period in the previous year, the business earned $0.34 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis.

RPT has been the topic of several research analyst reports. KeyCorp set a $15.00 target price on Ramco-Gershenson Properties Trust and gave the stock a “buy” rating in a research note on Wednesday, August 15th. ValuEngine downgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research upgraded 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 note on Saturday, August 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $13.17.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in Ramco-Gershenson Properties Trust by 1.7% during the 3rd quarter. BlackRock Inc. now owns 15,261,027 shares of the real estate investment trust’s stock worth $207,551,000 after acquiring an additional 256,562 shares during the period. Vanguard Group Inc. lifted its position in Ramco-Gershenson Properties Trust by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 12,068,478 shares of the real estate investment trust’s stock worth $164,133,000 after acquiring an additional 170,107 shares during the period. Macquarie Group Ltd. lifted its position in Ramco-Gershenson Properties Trust by 1.2% during the 3rd quarter. Macquarie Group Ltd. now owns 7,439,024 shares of the real estate investment trust’s stock worth $101,171,000 after acquiring an additional 84,946 shares during the period. Northern Trust Corp lifted its position in Ramco-Gershenson Properties Trust by 2.4% during the 2nd quarter. Northern Trust Corp now owns 3,269,962 shares of the real estate investment trust’s stock worth $43,196,000 after acquiring an additional 77,119 shares during the period. Finally, NWQ Investment Management Company LLC lifted its position in Ramco-Gershenson Properties Trust by 44.9% during the 3rd quarter. NWQ Investment Management Company LLC now owns 2,882,349 shares of the real estate investment trust’s stock worth $38,076,000 after acquiring an additional 893,130 shares during the period.

RPT stock traded down $0.05 on Friday, hitting $14.31. 503,171 shares of the company’s stock were exchanged, compared to its average volume of 550,851. Ramco-Gershenson Properties Trust has a 12-month low of $11.15 and a 12-month high of $15.00. 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 company has a market cap of $1.15 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 2.81 and a beta of 0.55.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Thursday, December 20th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, December 19th. This represents a $0.88 dividend on an annualized basis and a yield of 6.15%. Ramco-Gershenson Properties Trust’s dividend payout ratio is currently 64.71%.

Ramco-Gershenson Properties Trust Company Profile

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's locally-curated consumer experiences reflect the lifestyles of its diverse neighborhoods and match the modern expectations of its retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange under the ticker symbol RPT.

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

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