$66.31 Million in Sales Expected for Ramco-Gershenson Properties Trust (RPT) This Quarter

Brokerages forecast that Ramco-Gershenson Properties Trust (NYSE:RPT) will report $66.31 million in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Ramco-Gershenson Properties Trust’s earnings, with estimates ranging from $65.34 million to $67.50 million. Ramco-Gershenson Properties Trust reported sales of $65.88 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.7%. The business is scheduled to report its next earnings report on Tuesday, August 1st.

On average, analysts expect that Ramco-Gershenson Properties Trust will report full year sales of $66.31 million for the current year, with estimates ranging from $259.56 million to $270.66 million. For the next year, analysts anticipate that the company will post sales of $270.31 million per share, with estimates ranging from $260.94 million to $278.99 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Ramco-Gershenson Properties Trust.

A number of analysts have recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of Ramco-Gershenson Properties Trust from $21.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, February 22nd. Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Ramco-Gershenson Properties Trust in a research note on Monday, June 12th. ValuEngine downgraded shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Ramco-Gershenson Properties Trust has an average rating of “Hold” and a consensus target price of $18.58.

Shares of Ramco-Gershenson Properties Trust (RPT) traded up 0.41% on Friday, hitting $12.29. The stock had a trading volume of 964,412 shares. Ramco-Gershenson Properties Trust has a 1-year low of $12.14 and a 1-year high of $20.24. The company has a market capitalization of $975.13 million, a PE ratio of 18.34 and a beta of 0.73. The firm has a 50-day moving average of $12.99 and a 200 day moving average of $14.82.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Tuesday, June 20th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 7.16%. The ex-dividend date of this dividend is Friday, June 16th. Ramco-Gershenson Properties Trust’s dividend payout ratio is currently 129.41%.

Several institutional investors have recently made changes to their positions in RPT. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Ramco-Gershenson Properties Trust by 0.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,953 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 100 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of Ramco-Gershenson Properties Trust by 0.6% in the first quarter. Janus Capital Management LLC now owns 171,469 shares of the real estate investment trust’s stock valued at $2,404,000 after buying an additional 1,103 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Ramco-Gershenson Properties Trust by 4.4% in the first quarter. Advisors Asset Management Inc. now owns 41,185 shares of the real estate investment trust’s stock valued at $577,000 after buying an additional 1,734 shares in the last quarter. US Bancorp DE boosted its position in shares of Ramco-Gershenson Properties Trust by 11.7% in the first quarter. US Bancorp DE now owns 18,806 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 1,973 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Ramco-Gershenson Properties Trust by 2.0% in the first quarter. California Public Employees Retirement System now owns 125,613 shares of the real estate investment trust’s stock valued at $1,761,000 after buying an additional 2,500 shares in the last quarter.

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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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