Boenning Scattergood reaffirmed their sell rating on shares of Ramco-Gershenson Properties Trust (NYSE:RPT) in a research report released on Thursday, November 2nd. The firm currently has a $12.50 target price on the real estate investment trust’s stock.
A number of other research analysts have also weighed in on RPT. Zacks Investment Research lowered Ramco-Gershenson Properties Trust from a hold rating to a sell rating in a report on Thursday, July 20th. BidaskClub upgraded Ramco-Gershenson Properties Trust from a hold rating to a buy rating in a research note on Wednesday, July 19th. FBR & Co reiterated an outperform rating and set a $15.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Tuesday, July 11th. ValuEngine upgraded Ramco-Gershenson Properties Trust from a hold rating to a buy rating in a research report on Saturday, July 8th. Finally, Jefferies Group LLC downgraded Ramco-Gershenson Properties Trust from a buy rating to a hold rating and lowered their price target for the stock from $16.00 to $13.00 in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $14.94.
Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) traded up $0.09 during midday trading on Thursday, hitting $14.35. The company had a trading volume of 369,034 shares, compared to its average volume of 850,707. Ramco-Gershenson Properties Trust has a 1 year low of $11.86 and a 1 year high of $17.46. The stock has a market cap of $1,127.79, a PE ratio of 10.37, a P/E/G ratio of 2.40 and a beta of 0.76.
Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. Ramco-Gershenson Properties Trust had a return on equity of 6.96% and a net margin of 20.75%. The company had revenue of $64.93 million for the quarter, compared to analyst estimates of $66.07 million. During the same period in the prior year, the company posted $0.34 EPS. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. equities analysts expect that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RPT. Tower Research Capital LLC TRC purchased a new stake in shares of Ramco-Gershenson Properties Trust during the 2nd quarter worth approximately $116,000. Bank of Montreal Can boosted its stake in shares of Ramco-Gershenson Properties Trust by 300.8% during the 2nd quarter. Bank of Montreal Can now owns 9,295 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 6,976 shares in the last quarter. Amalgamated Bank purchased a new stake in shares of Ramco-Gershenson Properties Trust during the 2nd quarter worth approximately $138,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ramco-Gershenson Properties Trust during the 2nd quarter worth approximately $179,000. Finally, Profund Advisors LLC purchased a new stake in shares of Ramco-Gershenson Properties Trust during the 2nd quarter worth approximately $185,000. Institutional investors own 96.17% of the company’s stock.
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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