Ramco-Gershenson Properties Trust (NYSE:RPT) Downgraded by DA Davidson to “Neutral”

DA Davidson downgraded shares of Ramco-Gershenson Properties Trust (NYSE:RPT) from a buy rating to a neutral rating in a report released on Thursday, November 2nd. They currently have $14.00 price objective on the real estate investment trust’s stock.

RPT has been the subject of a number of other reports. BidaskClub raised Ramco-Gershenson Properties Trust from a hold rating to a buy rating in a report on Wednesday, July 19th. Robert W. Baird reissued a hold rating and issued a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Thursday, August 24th. FBR & Co reissued an outperform rating and issued a $15.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, July 11th. Zacks Investment Research downgraded Ramco-Gershenson Properties Trust from a hold rating to a sell rating in a report on Thursday, July 20th. Finally, ValuEngine raised Ramco-Gershenson Properties Trust from a hold rating to a buy rating in a report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $14.94.

Ramco-Gershenson Properties Trust (NYSE RPT) traded up $0.09 during trading hours on Thursday, reaching $14.35. The company had a trading volume of 369,034 shares, compared to its average volume of 850,707. The stock has a market capitalization of $1,127.79, a price-to-earnings ratio of 10.37, a PEG ratio of 2.40 and a beta of 0.76. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $17.46.

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

COPYRIGHT VIOLATION WARNING: This article was originally posted by BBNS and is owned by of BBNS. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://baseballnewssource.com/markets/ramco-gershenson-properties-trust-rpt-downgraded-by-da-davidson-to-neutral/1751017.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its stake in shares of Ramco-Gershenson Properties Trust by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 61,831 shares of the real estate investment trust’s stock worth $797,000 after acquiring an additional 449 shares in the last quarter. Janus Capital Management LLC boosted its stake in shares of Ramco-Gershenson Properties Trust by 0.6% during the 1st quarter. Janus Capital Management LLC now owns 171,469 shares of the real estate investment trust’s stock worth $2,404,000 after acquiring an additional 1,103 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Ramco-Gershenson Properties Trust by 1.5% during the 2nd quarter. California Public Employees Retirement System now owns 127,513 shares of the real estate investment trust’s stock worth $1,645,000 after acquiring an additional 1,900 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Ramco-Gershenson Properties Trust by 2.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 77,655 shares of the real estate investment trust’s stock worth $1,002,000 after acquiring an additional 1,974 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Ramco-Gershenson Properties Trust by 0.5% during the 1st quarter. Teachers Advisors LLC now owns 600,838 shares of the real estate investment trust’s stock worth $8,424,000 after acquiring an additional 3,082 shares in the last quarter. Institutional investors own 96.17% of the company’s stock.

About Ramco-Gershenson Properties Trust

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)

Receive News & Ratings for Ramco-Gershenson Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ramco-Gershenson Properties Trust and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.