First Mercantile Trust Co. reduced its stake in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 18.5% during the second quarter, Holdings Channel reports. The institutional investor owned 36,070 shares of the real estate investment trust’s stock after selling 8,210 shares during the period. First Mercantile Trust Co.’s holdings in Ramco-Gershenson Properties Trust were worth $466,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP increased its position in Ramco-Gershenson Properties Trust by 549.9% in the second quarter. First Trust Advisors LP now owns 171,307 shares of the real estate investment trust’s stock valued at $2,210,000 after buying an additional 144,950 shares in the last quarter. Arizona State Retirement System bought a new position in shares of Ramco-Gershenson Properties Trust during the second quarter worth about $542,000. Schwab Charles Investment Management Inc. increased its position in shares of Ramco-Gershenson Properties Trust by 27.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 785,146 shares of the real estate investment trust’s stock worth $10,129,000 after buying an additional 168,049 shares during the period. Texas Permanent School Fund bought a new position in shares of Ramco-Gershenson Properties Trust during the second quarter worth about $747,000. Finally, Great West Life Assurance Co. Can increased its position in shares of Ramco-Gershenson Properties Trust by 225.8% in the second quarter. Great West Life Assurance Co. Can now owns 151,508 shares of the real estate investment trust’s stock worth $1,954,000 after buying an additional 105,000 shares during the period.

Shares of Ramco-Gershenson Properties Trust (RPT) opened at 13.38 on Wednesday. The company’s 50-day moving average price is $13.48 and its 200-day moving average price is $13.90. Ramco-Gershenson Properties Trust has a one year low of $11.86 and a one year high of $19.89. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 32.63 and a beta of 0.71.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Ramco-Gershenson Properties Trust had a return on equity of 4.99% and a net margin of 15.05%. The business had revenue of $67.10 million for the quarter, compared to the consensus estimate of $67.05 million. During the same period last year, the business posted $0.35 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts predict that Ramco-Gershenson Properties Trust will post $0.25 earnings per share for the current year.

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A number of brokerages have recently issued reports on RPT. Boenning Scattergood set a $13.00 price objective on Ramco-Gershenson Properties Trust and gave the stock a “sell” rating in a research report on Thursday, August 3rd. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ramco-Gershenson Properties Trust in a report on Monday, June 12th. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. FBR & Co reissued an “outperform” rating and issued a $15.00 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, July 11th. Finally, BidaskClub raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $16.00.

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.

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Institutional Ownership by Quarter for Ramco-Gershenson Properties Trust (NYSE:RPT)

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