Boenning Scattergood Analysts Give Ramco-Gershenson Properties Trust (RPT) a $13.00 Price Target

Ramco-Gershenson Properties Trust (NYSE:RPT) received a $13.00 target price from investment analysts at Boenning Scattergood in a research note issued on Thursday, August 3rd. The brokerage currently has a “sell” rating on the real estate investment trust’s stock. Boenning Scattergood’s price objective would indicate a potential downside of 2.84% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. KeyCorp reissued an “overweight” rating and set a $16.00 price target (down previously from $18.00) on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, June 28th. Zacks Investment Research downgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. BidaskClub raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. FBR & Co reissued 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. Finally, ValuEngine raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Ramco-Gershenson Properties Trust has a consensus rating of “Buy” and a consensus target price of $16.00.

Ramco-Gershenson Properties Trust (RPT) traded down 1.47% during mid-day trading on Thursday, reaching $13.38. 1,489,533 shares of the company traded hands. The company’s 50 day moving average price is $13.48 and its 200 day moving average price is $13.90. The firm has a market capitalization of $1.06 billion, a P/E ratio of 32.63 and a beta of 0.71. Ramco-Gershenson Properties Trust has a 12-month low of $11.86 and a 12-month high of $19.89.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $67.10 million for the quarter, compared to the consensus estimate of $67.05 million. Ramco-Gershenson Properties Trust had a return on equity of 4.99% and a net margin of 15.05%. Ramco-Gershenson Properties Trust’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. Equities research analysts predict that Ramco-Gershenson Properties Trust will post $0.25 EPS for the current year.

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Several large investors have recently modified their holdings of RPT. Tower Research Capital LLC TRC bought a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter worth $116,000. Bank of Montreal Can boosted its stake in shares of Ramco-Gershenson Properties Trust by 300.8% in the second quarter. Bank of Montreal Can now owns 9,295 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 6,976 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Ramco-Gershenson Properties Trust during the first quarter worth $144,000. Amalgamated Bank bought a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter worth $138,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake 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 worth $182,000 after buying an additional 100 shares during the period.

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.

Analyst Recommendations for Ramco-Gershenson Properties Trust (NYSE:RPT)

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