Brokerages Set Ramco-Gershenson Properties Trust (RPT) Price Target at $15.13

Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) have received a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $14.86.

Several research firms have commented on RPT. ValuEngine cut Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Jefferies Group set a $14.00 target price on Ramco-Gershenson Properties Trust and gave the company a “hold” rating in a research note on Wednesday, December 13th. Boenning Scattergood set a $13.00 target price on Ramco-Gershenson Properties Trust and gave the company a “sell” rating in a research note on Wednesday, December 13th. Raymond James Financial restated a “hold” rating on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, December 12th. Finally, Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th.

Ramco-Gershenson Properties Trust (NYSE RPT) traded down $0.16 during midday trading on Tuesday, reaching $13.75. The company’s stock had a trading volume of 532,028 shares, compared to its average volume of 553,756. The company has a market cap of $1,100.00, a PE ratio of 24.12, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81. Ramco-Gershenson Properties Trust has a 12-month low of $11.86 and a 12-month high of $16.60.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. The firm had revenue of $64.93 million for the quarter, compared to analysts’ expectations of $66.07 million. Ramco-Gershenson Properties Trust had a return on equity of 6.96% and a net margin of 20.75%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. sell-side analysts expect 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. Shareholders of record on Wednesday, December 20th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend was Tuesday, December 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is 154.39%.

In related news, CEO Dennis Earl Gershenson purchased 25,000 shares of the stock in a transaction on Friday, December 14th. The shares were purchased at an average price of $14.58 per share, with a total value of $364,500.00. Following the transaction, the chief executive officer now directly owns 529,454 shares of the company’s stock, valued at $7,719,439.32. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.57% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of RPT. Schwab Charles Investment Management Inc. increased its position in shares of Ramco-Gershenson Properties Trust by 27.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 785,146 shares of the real estate investment trust’s stock worth $10,129,000 after purchasing an additional 168,049 shares during the last quarter. First Trust Advisors LP increased its position in shares of Ramco-Gershenson Properties Trust by 549.9% during the 2nd quarter. First Trust Advisors LP now owns 171,307 shares of the real estate investment trust’s stock worth $2,210,000 after purchasing an additional 144,950 shares during the last quarter. Rhumbline Advisers increased its position in shares of Ramco-Gershenson Properties Trust by 48.8% during the 2nd quarter. Rhumbline Advisers now owns 177,389 shares of the real estate investment trust’s stock worth $2,288,000 after purchasing an additional 58,152 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Ramco-Gershenson Properties Trust by 77.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,340,632 shares of the real estate investment trust’s stock worth $17,293,000 after purchasing an additional 583,393 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Ramco-Gershenson Properties Trust by 73.3% during the 2nd quarter. Legal & General Group Plc now owns 326,457 shares of the real estate investment trust’s stock worth $4,213,000 after purchasing an additional 138,097 shares during the last quarter. 98.23% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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