Dalton Greiner Hartman Maher & Co. Sells 9,138 Shares of Ramco-Gershenson Properties Trust (RPT)

Dalton Greiner Hartman Maher & Co. reduced its stake in Ramco-Gershenson Properties Trust (NYSE:RPT) by 3.9% during the second quarter, Holdings Channel reports. The fund owned 225,836 shares of the real estate investment trust’s stock after selling 9,138 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Ramco-Gershenson Properties Trust were worth $2,913,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of RPT. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in 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 during the last quarter. Janus Capital Management LLC increased its position in 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 during the last quarter. Advisors Asset Management Inc. increased its position in 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 during the last quarter. US Bancorp DE increased its position in 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 during the last quarter. Finally, California Public Employees Retirement System increased its position in 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 during the last quarter.

Ramco-Gershenson Properties Trust (NYSE:RPT) traded down 1.09% during trading on Friday, hitting $13.60. 1,558,614 shares of the stock traded hands. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $19.97. The company has a market cap of $1.08 billion, a P/E ratio of 20.30 and a beta of 0.70. The firm has a 50-day moving average price of $12.97 and a 200 day moving average price of $14.25.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Tuesday, June 20th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend was Friday, June 16th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 129.41%.

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Several research firms have recently weighed in on RPT. KeyCorp reiterated an “overweight” rating and issued a $16.00 target price (down previously from $18.00) on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, June 28th. BidaskClub upgraded shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday. FBR & Co reiterated an “outperform” rating and issued a $15.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, July 11th. Finally, ValuEngine upgraded shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Ramco-Gershenson Properties Trust presently has an average rating of “Buy” and an average price target of $17.42.

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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Institutional Ownership by Quarter for Ramco-Gershenson Properties Trust (NYSE:RPT)

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