Ramco-Gershenson Properties Trust (RPT) Downgraded by BTIG Research

Ramco-Gershenson Properties Trust (NYSE:RPT) was downgraded by stock analysts at BTIG Research from a “buy” rating to a “neutral” rating in a research note issued on Thursday, November 2nd.

Several other equities analysts also recently commented on RPT. KeyCorp reiterated a “buy” rating and set a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, October 4th. Zacks Investment Research cut shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. ValuEngine cut shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reissued a “hold” rating and issued a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, August 24th. Finally, Boenning Scattergood reaffirmed a “sell” rating and issued a $12.50 price target on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $14.94.

Shares of Ramco-Gershenson Properties Trust (RPT) opened at $14.35 on Thursday. The company has a market cap of $1,127.79, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 2.40 and a beta of 0.76. Ramco-Gershenson Properties Trust has a 1 year low of $11.86 and a 1 year high of $17.46.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The business had revenue of $64.93 million for the quarter, compared to analysts’ expectations of $66.07 million. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. equities analysts predict that Ramco-Gershenson Properties Trust will post 1.37 earnings per share for the current year.

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Several large investors have recently bought and sold shares of RPT. BlackRock Inc. grew its holdings in shares of Ramco-Gershenson Properties Trust by 7,078.4% in the first quarter. BlackRock Inc. now owns 10,374,857 shares of the real estate investment trust’s stock valued at $145,455,000 after purchasing an additional 10,230,328 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Ramco-Gershenson Properties Trust by 15,951.1% in the second quarter. Principal Financial Group Inc. now owns 2,953,395 shares of the real estate investment trust’s stock valued at $38,100,000 after purchasing an additional 2,934,995 shares in the last quarter. Sorin Capital Management LLC acquired a new position in shares of Ramco-Gershenson Properties Trust in the second quarter valued at approximately $17,036,000. Prudential Financial Inc. grew its holdings in shares of Ramco-Gershenson Properties Trust by 1,638.9% in the second quarter. Prudential Financial Inc. now owns 1,390,766 shares of the real estate investment trust’s stock valued at $17,941,000 after purchasing an additional 1,310,786 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of Ramco-Gershenson Properties Trust by 26.5% in the second quarter. Macquarie Group Ltd. now owns 5,388,665 shares of the real estate investment trust’s stock valued at $69,513,000 after purchasing an additional 1,128,505 shares in the last quarter. 96.17% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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