Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Ramco-Gershenson Properties Trust (RPT) Share Price

Press coverage about Ramco-Gershenson Properties Trust (NYSE:RPT) has trended somewhat positive on Friday, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ramco-Gershenson Properties Trust earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 45.9776720065262 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

A number of research analysts have weighed in on the stock. ValuEngine downgraded shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group set a $14.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the stock a “hold” rating in a research report on Wednesday, December 13th. Boenning Scattergood set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the stock a “sell” rating in a research report on Wednesday, December 13th. Raymond James Financial reiterated a “hold” rating on shares of Ramco-Gershenson Properties Trust in a research report on Tuesday, December 12th. Finally, Zacks Investment Research upgraded shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.86.

Ramco-Gershenson Properties Trust (RPT) opened at $13.76 on Friday. Ramco-Gershenson Properties Trust has a 1 year low of $11.86 and a 1 year high of $16.51. The firm has a market cap of $1,090.00, a PE ratio of 24.14, a P/E/G ratio of 2.67 and a beta of 0.81.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Wednesday, December 20th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 19th. This represents a $0.88 annualized dividend and a dividend yield of 6.40%. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 154.39%.

In related news, CEO Dennis Earl Gershenson purchased 25,000 shares of Ramco-Gershenson Properties Trust stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average price of $14.58 per share, for a total transaction of $364,500.00. Following the transaction, the chief executive officer now directly owns 529,454 shares in the company, valued at $7,719,439.32. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 3.71% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Ramco-Gershenson Properties Trust (NYSE:RPT)

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