Equities Analysts Set Expectations for Ramco-Gershenson Properties Trust’s Q1 2019 Earnings (RPT)
Ramco-Gershenson Properties Trust (NYSE:RPT) – Equities research analysts at Boenning Scattergood issued their Q1 2019 earnings estimates for Ramco-Gershenson Properties Trust in a research note issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum forecasts that the real estate investment trust will earn $0.34 per share for the quarter. Boenning Scattergood currently has a “Sell” rating and a $13.00 target price on the stock. Boenning Scattergood also issued estimates for Ramco-Gershenson Properties Trust’s Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.35 EPS and FY2019 earnings at $1.37 EPS.
Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $64.93 million for 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%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $0.34 EPS.
Ramco-Gershenson Properties Trust (NYSE RPT) traded up $0.04 during midday trading on Wednesday, reaching $13.91. 391,722 shares of the company’s stock traded hands, compared to its average volume of 556,478. The firm has a market cap of $1,100.00, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81. Ramco-Gershenson Properties Trust has a 52 week low of $11.86 and a 52 week high of $16.60.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Wednesday, December 20th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 19th. This represents a $0.88 annualized dividend and a dividend yield of 6.33%. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is currently 154.39%.
In other Ramco-Gershenson Properties Trust news, CEO Dennis Earl Gershenson bought 25,000 shares of the firm’s stock in a transaction dated Friday, December 14th. The shares were acquired at an average cost of $14.58 per share, for a total transaction of $364,500.00. Following the transaction, the chief executive officer now owns 529,454 shares in the company, valued at $7,719,439.32. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.57% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in RPT. Sorin Capital Management LLC bought a new position in Ramco-Gershenson Properties Trust during the 2nd quarter valued at about $17,036,000. Macquarie Group Ltd. lifted its holdings 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 purchasing an additional 1,128,505 shares during the last quarter. NWQ Investment Management Company LLC lifted its holdings 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 purchasing an additional 995,250 shares during the last quarter. BlackRock Inc. lifted its holdings in Ramco-Gershenson Properties Trust by 8.2% during the 2nd quarter. BlackRock Inc. now owns 11,230,214 shares of the real estate investment trust’s stock valued at $144,866,000 after purchasing an additional 855,357 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Ramco-Gershenson Properties Trust by 36.2% during the 2nd quarter. Northern Trust Corp now owns 2,984,300 shares of the real estate investment trust’s stock valued at $38,496,000 after purchasing an additional 793,612 shares during the last quarter. 98.23% of the stock is owned by hedge funds and other institutional investors.
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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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