KBC Group NV cut its position in Ramco-Gershenson Properties Trust (NYSE:RPT) by 15.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 85,413 shares of the real estate investment trust’s stock after selling 15,529 shares during the period. KBC Group NV owned 0.11% of Ramco-Gershenson Properties Trust worth $1,102,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of RPT. ProShare Advisors LLC boosted its stake in Ramco-Gershenson Properties Trust by 414.7% in the first quarter. ProShare Advisors LLC now owns 65,141 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 52,485 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Ramco-Gershenson Properties Trust by 35.5% in the first quarter. Russell Investments Group Ltd. now owns 95,970 shares of the real estate investment trust’s stock worth $1,345,000 after buying an additional 25,142 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Ramco-Gershenson Properties Trust by 33.9% in the first quarter. Wells Fargo & Company MN now owns 392,043 shares of the real estate investment trust’s stock worth $5,497,000 after buying an additional 99,288 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Ramco-Gershenson Properties Trust by 0.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,953 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 100 shares during the last quarter. Finally, Bowling Portfolio Management LLC bought a new stake in Ramco-Gershenson Properties Trust during the first quarter worth approximately $406,000.

Ramco-Gershenson Properties Trust (RPT) opened at 13.30 on Friday. The stock’s 50 day moving average is $13.57 and its 200-day moving average is $13.66. The firm has a market capitalization of $1.06 billion, a PE ratio of 32.44 and a beta of 0.73. Ramco-Gershenson Properties Trust has a one year low of $11.86 and a one year high of $19.55.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Wednesday, September 20th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date is Tuesday, September 19th. Ramco-Gershenson Properties Trust’s payout ratio is presently 214.64%.

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RPT has been the subject of a number of research reports. ValuEngine cut shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Raymond James Financial, Inc. restated a “market perform” rating on shares of Ramco-Gershenson Properties Trust in a report on Monday, June 12th. Jefferies Group LLC restated a “buy” rating and issued a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, June 20th. KeyCorp restated an “overweight” rating and issued a $16.00 price target (down from $18.00) on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, June 28th. Finally, FBR & Co restated an “outperform” rating and issued a $15.00 price target on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Ramco-Gershenson Properties Trust presently has an average rating of “Hold” and a consensus price target of $15.57.

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

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