Public Sector Pension investment Board bought a new position in Ramco-Gershenson Properties Trust (NYSE:RPT) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 40,000 shares of the real estate investment trust’s stock, valued at approximately $516,000. Public Sector Pension investment Board owned 0.05% of Ramco-Gershenson Properties Trust as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in RPT. Russell Investments Group Ltd. boosted its holdings in shares of Ramco-Gershenson Properties Trust by 35.5% in the 1st quarter. Russell Investments Group Ltd. now owns 95,970 shares of the real estate investment trust’s stock worth $1,345,000 after purchasing an additional 25,142 shares during the period. US Bancorp DE boosted its holdings in shares of Ramco-Gershenson Properties Trust by 11.7% in the 1st quarter. US Bancorp DE now owns 18,806 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 1,973 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of Ramco-Gershenson Properties Trust by 24.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 150,681 shares of the real estate investment trust’s stock worth $2,113,000 after purchasing an additional 30,087 shares during the period. Karp Capital Management Corp purchased a new position in shares of Ramco-Gershenson Properties Trust in the 1st quarter worth approximately $272,000. Finally, Oxford Asset Management purchased a new position in shares of Ramco-Gershenson Properties Trust in the 1st quarter worth approximately $476,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

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A number of equities analysts have recently commented on RPT shares. KeyCorp reiterated an “overweight” rating and issued a $16.00 target price (down previously from $18.00) on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, June 28th. Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Friday, July 28th. ValuEngine upgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Robert W. Baird reiterated a “hold” rating and issued a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Thursday, August 24th. Finally, Jefferies Group LLC cut Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $16.00 to $13.00 in a report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.14.

Shares of Ramco-Gershenson Properties Trust (RPT) opened at 13.13 on Tuesday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 32.02 and a beta of 0.74. Ramco-Gershenson Properties Trust has a 52 week low of $11.86 and a 52 week high of $17.89. The company’s 50 day moving average price is $13.23 and its 200-day moving average price is $13.34.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $67.10 million during the quarter, compared to analyst estimates of $67.05 million. Ramco-Gershenson Properties Trust had a return on equity of 4.99% and a net margin of 15.05%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. Analysts anticipate that Ramco-Gershenson Properties Trust will post $0.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Wednesday, September 20th were given a $0.22 dividend. The ex-dividend date was Tuesday, September 19th. This represents a $0.88 annualized dividend and a yield of 6.70%. Ramco-Gershenson Properties Trust’s payout ratio is 214.64%.

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.

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

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