Ramco-Gershenson Properties Trust (NYSE:RPT) – Boenning Scattergood reduced their FY2017 EPS estimates for shares of Ramco-Gershenson Properties Trust in a research note issued on Thursday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will earn $1.36 per share for the year, down from their prior estimate of $1.37. Boenning Scattergood has a “Sell” rating and a $12.50 price objective on the stock. Boenning Scattergood also issued estimates for Ramco-Gershenson Properties Trust’s Q4 2017 earnings at $0.32 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.38 EPS.

Several other brokerages have also recently weighed in on RPT. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. ValuEngine cut Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group LLC reissued a “hold” rating and issued a $13.00 price target on shares of Ramco-Gershenson Properties Trust in a research note on Monday, October 16th. Robert W. Baird reissued a “hold” rating and issued a $13.00 price target on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, November 1st. Finally, KeyCorp reissued a “buy” rating and issued a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $14.94.

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Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) opened at $13.38 on Monday. The firm has a market capitalization of $1,060.00, a PE ratio of 9.55, a PEG ratio of 2.33 and a beta of 0.76. Ramco-Gershenson Properties Trust has a one year low of $11.86 and a one year high of $17.56.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The company 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 quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share.

Several institutional investors have recently made changes to their positions in RPT. UBS Asset Management Americas Inc. boosted its position in shares of Ramco-Gershenson Properties Trust by 24.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 150,681 shares of the real estate investment trust’s stock valued at $2,113,000 after purchasing an additional 30,087 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Ramco-Gershenson Properties Trust by 77.3% during the 1st quarter. Prudential Financial Inc. now owns 79,980 shares of the real estate investment trust’s stock valued at $1,121,000 after purchasing an additional 34,864 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Ramco-Gershenson Properties Trust by 0.5% during the 1st quarter. Teachers Advisors LLC now owns 600,838 shares of the real estate investment trust’s stock valued at $8,424,000 after purchasing an additional 3,082 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Ramco-Gershenson Properties Trust by 3.8% during the 1st quarter. TIAA CREF Investment Management LLC now owns 373,171 shares of the real estate investment trust’s stock valued at $5,232,000 after purchasing an additional 13,806 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Ramco-Gershenson Properties Trust by 2.0% during the 1st quarter. California Public Employees Retirement System now owns 125,613 shares of the real estate investment trust’s stock valued at $1,761,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors own 98.53% of the company’s stock.

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.

Earnings History and Estimates for Ramco-Gershenson Properties Trust (NYSE:RPT)

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