QS Investors LLC lessened its stake in Ramco-Gershenson Properties Trust (NYSE:RPT) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 173,571 shares of the real estate investment trust’s stock after selling 4,105 shares during the period. QS Investors LLC owned about 0.22% of Ramco-Gershenson Properties Trust worth $2,239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Voya Investment Management LLC lifted its stake in shares of Ramco-Gershenson Properties Trust by 16.2% in the second quarter. Voya Investment Management LLC now owns 31,768 shares of the real estate investment trust’s stock valued at $410,000 after buying an additional 4,439 shares during the period. OxFORD Asset Management LLP lifted its stake in shares of Ramco-Gershenson Properties Trust by 206.8% in the second quarter. OxFORD Asset Management LLP now owns 104,133 shares of the real estate investment trust’s stock valued at $1,343,000 after buying an additional 70,196 shares during the period. Castle Ridge Investment Management LP bought a new stake in shares of Ramco-Gershenson Properties Trust in the second quarter valued at about $4,588,000. Dimensional Fund Advisors LP lifted its stake in shares of Ramco-Gershenson Properties Trust by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,159,568 shares of the real estate investment trust’s stock valued at $14,959,000 after buying an additional 47,149 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in Ramco-Gershenson Properties Trust by 67.1% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,510 shares of the real estate investment trust’s stock worth $871,000 after purchasing an additional 27,100 shares during the period. Institutional investors and hedge funds own 98.69% of the company’s stock.

Ramco-Gershenson Properties Trust (RPT) opened at 13.17 on Friday. The firm’s 50-day moving average is $13.23 and its 200-day moving average is $13.35. Ramco-Gershenson Properties Trust has a 52 week low of $11.86 and a 52 week high of $17.89. The company has a market cap of $1.05 billion, a PE ratio of 32.12 and a beta of 0.74.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Wednesday, September 20th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, September 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.68%. Ramco-Gershenson Properties Trust’s payout ratio is presently 214.64%.

A number of research analysts have commented on the stock. ValuEngine upgraded shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research note on Thursday. KeyCorp restated a “buy” rating and set a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday. Jefferies Group LLC cut shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $16.00 to $13.00 in a research note on Friday, September 15th. Robert W. Baird restated a “hold” rating and set a $13.00 price target on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, August 24th. Finally, Boenning Scattergood set a $13.00 price target on shares of Ramco-Gershenson Properties Trust and gave the stock a “sell” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $15.14.

TRADEMARK VIOLATION WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/qs-investors-llc-trims-position-in-ramco-gershenson-properties-trust-rpt/1617532.html.

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.

Want to see what other hedge funds are holding RPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ramco-Gershenson Properties Trust (NYSE:RPT).

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

Receive News & Ratings for Ramco-Gershenson Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ramco-Gershenson Properties Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.