Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $15.13.

A number of research firms have recently commented on RPT. 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. Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th. Finally, B. Riley restated a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, November 2nd.

A number of hedge funds have recently bought and sold shares of RPT. Principal Financial Group Inc. increased its position in Ramco-Gershenson Properties Trust by 15,951.1% during the 2nd quarter. Principal Financial Group Inc. now owns 2,953,395 shares of the real estate investment trust’s stock valued at $38,100,000 after buying an additional 2,934,995 shares in the last quarter. Sorin Capital Management LLC bought a new position in Ramco-Gershenson Properties Trust during the 2nd quarter valued at approximately $17,036,000. Prudential Financial Inc. increased its position in Ramco-Gershenson Properties Trust by 1,638.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,390,766 shares of the real estate investment trust’s stock valued at $17,941,000 after buying an additional 1,310,786 shares in the last quarter. Macquarie Group Ltd. increased its position in Ramco-Gershenson Properties Trust by 26.5% during the 2nd quarter. Macquarie Group Ltd. now owns 5,388,665 shares of the real estate investment trust’s stock valued at $69,513,000 after buying an additional 1,128,505 shares in the last quarter. Finally, NWQ Investment Management Company LLC increased its position in Ramco-Gershenson Properties Trust by 34.0% during the 3rd quarter. NWQ Investment Management Company LLC now owns 3,923,161 shares of the real estate investment trust’s stock valued at $51,040,000 after buying an additional 995,250 shares in the last quarter. 98.23% of the stock is owned by institutional investors.

Ramco-Gershenson Properties Trust (RPT) traded down $0.01 during midday trading on Friday, reaching $14.22. The company’s stock had a trading volume of 453,897 shares, compared to its average volume of 828,939. Ramco-Gershenson Properties Trust has a 1-year low of $11.86 and a 1-year high of $17.11. The stock has a market cap of $1,169.85, a PE ratio of 10.76, a P/E/G ratio of 2.78 and a beta of 0.81.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The business 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%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. equities analysts expect that Ramco-Gershenson Properties Trust will post 1.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Wednesday, December 20th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date of this dividend is Tuesday, December 19th. Ramco-Gershenson Properties Trust’s payout ratio is presently 149.15%.

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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.

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

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