Ramco-Gershenson Properties Trust (NYSE:RPT) CEO Dennis Earl Gershenson bought 25,000 shares of the stock in a transaction dated Friday, December 14th. The shares were purchased at an average cost of $14.58 per share, for a total transaction of $364,500.00. Following the completion of the purchase, the chief executive officer now owns 529,454 shares in the company, valued at $7,719,439.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Ramco-Gershenson Properties Trust (RPT) opened at $14.50 on Friday. The firm has a market cap of $1,158.74, a PE ratio of 24.58, a P/E/G ratio of 2.77 and a beta of 0.81. Ramco-Gershenson Properties Trust has a 12 month low of $11.86 and a 12 month high of $17.08.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.34. The firm had revenue of $64.93 million for the quarter, compared to analyst estimates of $66.07 million. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. Ramco-Gershenson Properties Trust’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.34 EPS. analysts predict that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Wednesday, December 20th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend was Tuesday, December 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio is presently 149.15%.

Several equities research analysts have recently issued reports on RPT shares. B. Riley reissued a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, November 2nd. ValuEngine raised shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. KeyCorp reissued a “buy” rating and set a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, October 4th. Jefferies Group lowered shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $16.00 to $13.00 in a research note on Friday, September 15th. Finally, Robert W. Baird reissued a “hold” rating and set a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.13.

Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new position in Ramco-Gershenson Properties Trust in the 2nd quarter valued at about $116,000. Bank of Montreal Can lifted its stake in Ramco-Gershenson Properties Trust by 300.8% in the 2nd quarter. Bank of Montreal Can now owns 9,295 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 6,976 shares in the last quarter. Amalgamated Bank purchased a new position in Ramco-Gershenson Properties Trust in the 2nd quarter valued at about $138,000. Dynamic Technology Lab Private Ltd purchased a new position in Ramco-Gershenson Properties Trust in the 2nd quarter valued at about $179,000. Finally, Profund Advisors LLC purchased a new position in Ramco-Gershenson Properties Trust in the 2nd quarter valued at about $185,000. 98.23% of the stock is currently owned by hedge funds and other institutional investors.

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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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