FBR & Co restated their outperform rating on shares of Ramco-Gershenson Properties Trust (NYSE:RPT) in a research note published on Tuesday morning, Marketbeat reports. The brokerage currently has a $15.00 price objective on the real estate investment trust’s stock.

Several other research firms have also weighed in on RPT. ValuEngine lowered shares of Ramco-Gershenson Properties Trust from a buy rating to a hold rating in a report on Friday, June 2nd. KeyCorp reaffirmed an overweight rating and set a $16.00 price objective (down previously from $18.00) on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, June 28th. Raymond James Financial, Inc. reaffirmed a market perform rating on shares of Ramco-Gershenson Properties Trust in a report on Monday, June 12th. Zacks Investment Research lowered shares of Ramco-Gershenson Properties Trust from a hold rating to a sell rating in a report on Tuesday, March 14th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $16.00 price objective on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, June 20th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $17.79.

Ramco-Gershenson Properties Trust (NYSE:RPT) opened at 13.34 on Tuesday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 19.91 and a beta of 0.70. The company has a 50-day moving average price of $12.84 and a 200-day moving average price of $14.60. Ramco-Gershenson Properties Trust has a one year low of $11.86 and a one year high of $20.19.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Tuesday, June 20th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 6.60%. The ex-dividend date was Friday, June 16th. Ramco-Gershenson Properties Trust’s payout ratio is 129.41%.

Several hedge funds have recently bought and sold shares of RPT. Vanguard Group Inc. raised its stake in Ramco-Gershenson Properties Trust by 1.6% in the first quarter. Vanguard Group Inc. now owns 12,457,759 shares of the real estate investment trust’s stock valued at $174,657,000 after buying an additional 201,543 shares during the last quarter. BlackRock Inc. raised its stake in Ramco-Gershenson Properties Trust by 7,078.4% in the first quarter. BlackRock Inc. now owns 10,374,857 shares of the real estate investment trust’s stock valued at $145,455,000 after buying an additional 10,230,328 shares during the last quarter. Wellington Management Group LLP raised its stake in Ramco-Gershenson Properties Trust by 63.3% in the first quarter. Wellington Management Group LLP now owns 4,572,116 shares of the real estate investment trust’s stock valued at $64,101,000 after buying an additional 1,773,010 shares during the last quarter. Macquarie Group Ltd. raised its stake in Ramco-Gershenson Properties Trust by 14.9% in the first quarter. Macquarie Group Ltd. now owns 4,260,160 shares of the real estate investment trust’s stock valued at $59,728,000 after buying an additional 551,471 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Ramco-Gershenson Properties Trust by 4.9% in the first quarter. Alliancebernstein L.P. now owns 2,624,526 shares of the real estate investment trust’s stock valued at $36,796,000 after buying an additional 121,850 shares during the last quarter.

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.

Analyst Recommendations for Ramco-Gershenson Properties Trust (NYSE:RPT)

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