Ramco-Gershenson Properties Trust (RPT) Earning Somewhat Positive News Coverage, Study Shows

Media headlines about Ramco-Gershenson Properties Trust (NYSE:RPT) have trended somewhat positive on Tuesday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ramco-Gershenson Properties Trust earned a news impact score of 0.23 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.9861283307414 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) opened at $13.75 on Tuesday. Ramco-Gershenson Properties Trust has a 12-month low of $11.86 and a 12-month high of $16.60. The firm has a market capitalization of $1,090.00, a P/E ratio of 24.12, a PEG ratio of 2.62 and a beta of 0.81.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $64.93 million during 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%. Ramco-Gershenson Properties Trust’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.34 earnings per share. equities analysts anticipate that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Wednesday, December 20th were given a $0.22 dividend. The ex-dividend date was Tuesday, December 19th. This represents a $0.88 annualized dividend and a yield of 6.40%. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is currently 154.39%.

Several equities research analysts have recently weighed in on RPT shares. Jefferies Group reissued a “hold” rating and issued a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a research report on Monday, October 16th. Raymond James Financial reissued a “hold” rating on shares of Ramco-Gershenson Properties Trust in a research report on Tuesday, December 12th. Zacks Investment Research cut Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. KeyCorp reissued a “buy” rating and issued a $16.00 price objective on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, October 4th. Finally, BTIG Research cut Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. 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 stock currently has a consensus rating of “Hold” and a consensus target price of $14.86.

In other news, CEO Dennis Earl Gershenson bought 25,000 shares of Ramco-Gershenson Properties Trust stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average cost of $14.58 per share, with a total value of $364,500.00. Following the completion of the transaction, the chief executive officer now directly owns 529,454 shares in the company, valued at $7,719,439.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.57% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Ramco-Gershenson Properties Trust (NYSE:RPT)

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