Ramco-Gershenson Properties Trust (NYSE:RPT) – Analysts at KeyCorp issued their FY2017 earnings per share estimates for Ramco-Gershenson Properties Trust in a report released on Tuesday, Zacks Investment Research reports. KeyCorp analyst T. Thomas expects that the real estate investment trust will earn $1.36 per share for the year.
RPT has been the topic of several other reports. Deutsche Bank AG lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and reduced their price objective for the company from $21.00 to $17.00 in a research note on Monday, January 9th. Zacks Investment Research lowered Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 11th. Finally, Stifel Nicolaus reduced their price objective on Ramco-Gershenson Properties Trust from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, February 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.58.
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Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) traded down 0.62% during midday trading on Friday, reaching $14.43. 634,322 shares of the company traded hands. The stock has a market capitalization of $1.14 billion, a P/E ratio of 21.86 and a beta of 0.70. Ramco-Gershenson Properties Trust has a 1-year low of $13.26 and a 1-year high of $20.24. The stock’s 50-day moving average is $14.09 and its 200-day moving average is $16.08.
Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings results on Tuesday, February 21st. The real estate investment trust reported $0.33 EPS for the quarter, topping the consensus estimate of $0.05 by $0.28. The company earned $64.45 million during the quarter, compared to analyst estimates of $65.35 million. Ramco-Gershenson Properties Trust had a net margin of 25.44% and a return on equity of 8.35%. During the same quarter in the previous year, the firm earned $0.34 EPS.
A number of institutional investors have recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new position in Ramco-Gershenson Properties Trust during the third quarter valued at approximately $31,303,000. Principal Financial Group Inc. increased its stake in Ramco-Gershenson Properties Trust by 2,734.4% in the third quarter. Principal Financial Group Inc. now owns 990,138 shares of the real estate investment trust’s stock valued at $18,555,000 after buying an additional 955,205 shares in the last quarter. Westwood Holdings Group Inc. acquired a new stake in Ramco-Gershenson Properties Trust during the fourth quarter valued at about $14,818,000. Norges Bank acquired a new stake in Ramco-Gershenson Properties Trust during the fourth quarter valued at about $14,119,000. Finally, V3 Capital Management L.P. acquired a new stake in Ramco-Gershenson Properties Trust during the fourth quarter valued at about $11,124,000.
The business also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Investors of record on Monday, March 20th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 6.10%. The ex-dividend date was Thursday, March 16th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 115.79%.
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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