BNP Paribas Arbitrage SA Purchases 15,667 Shares of Ramco-Gershenson Properties Trust (RPT)

BNP Paribas Arbitrage SA lifted its position in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 29.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 68,496 shares of the real estate investment trust’s stock after acquiring an additional 15,667 shares during the period. BNP Paribas Arbitrage SA owned 0.09% of Ramco-Gershenson Properties Trust worth $891,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in shares of Ramco-Gershenson Properties Trust during the second quarter worth about $116,000. Bank of Montreal Can grew its position in shares of Ramco-Gershenson Properties Trust by 300.8% during the second 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 during the last quarter. Amalgamated Bank bought a new position in shares of Ramco-Gershenson Properties Trust during the second quarter worth about $138,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Ramco-Gershenson Properties Trust during the second quarter worth about $179,000. Finally, Profund Advisors LLC bought a new position in shares of Ramco-Gershenson Properties Trust during the second quarter worth about $185,000. Institutional investors and hedge funds own 99.84% of the company’s stock.

Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) traded up $0.06 on Friday, reaching $14.47. 358,703 shares of the company were exchanged, compared to its average volume of 428,196. The company has a market cap of $1,148.43, a price-to-earnings ratio of 10.56, a PEG ratio of 2.44 and a beta of 0.81. Ramco-Gershenson Properties Trust has a 12-month low of $11.86 and a 12-month high of $17.42.

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 Zacks’ consensus estimate of $0.34. The firm had revenue of $64.93 million during the quarter, compared to analyst estimates of $66.07 million. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. Ramco-Gershenson Properties Trust’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. equities analysts forecast that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Wednesday, December 20th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend is Tuesday, December 19th. Ramco-Gershenson Properties Trust’s payout ratio is 149.15%.

Several equities analysts have recently commented on the stock. 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. B. Riley reiterated a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. BTIG Research lowered shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. Boenning Scattergood reiterated a “sell” rating and issued a $12.50 target price on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. Finally, DA Davidson lowered shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Ramco-Gershenson Properties Trust has an average rating of “Hold” and an average price target of $14.94.

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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.

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

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