Ramco-Gershenson Properties Trust (NYSE:RPT) CEO Brian Harper bought 8,500 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was bought at an average price of $11.78 per share, with a total value of $100,130.00. Following the completion of the acquisition, the chief executive officer now owns 284,281 shares in the company, valued at $3,348,830.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE RPT traded down $0.01 during mid-day trading on Thursday, reaching $11.83. 488,126 shares of the company’s stock were exchanged, compared to its average volume of 1,014,549. The stock has a market cap of $948.98 million, a PE ratio of 8.76, a P/E/G ratio of 2.22 and a beta of 0.76. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.30. Ramco-Gershenson Properties Trust has a 52-week low of $11.15 and a 52-week high of $14.42.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings results on Wednesday, February 20th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.37). The business had revenue of $63.72 million for the quarter, compared to analysts’ expectations of $63.30 million. Ramco-Gershenson Properties Trust had a return on equity of 2.30% and a net margin of 6.76%. Research analysts predict that Ramco-Gershenson Properties Trust will post 1.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Wednesday, March 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 7.44%. The ex-dividend date is Tuesday, March 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio is presently 65.19%.

Several brokerages have issued reports on RPT. Zacks Investment Research cut Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. ValuEngine upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Ramco-Gershenson Properties Trust currently has a consensus rating of “Hold” and a consensus price target of $13.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. grew its holdings in shares of Ramco-Gershenson Properties Trust by 10.8% during the 4th quarter. Macquarie Group Ltd. now owns 8,244,430 shares of the real estate investment trust’s stock worth $98,521,000 after purchasing an additional 805,406 shares during the period. Flinton Capital Management LLC purchased a new stake in shares of Ramco-Gershenson Properties Trust in the fourth quarter valued at $29,000. Strs Ohio lifted its holdings in shares of Ramco-Gershenson Properties Trust by 5.9% in the fourth quarter. Strs Ohio now owns 137,752 shares of the real estate investment trust’s stock valued at $1,646,000 after purchasing an additional 7,620 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Ramco-Gershenson Properties Trust by 1.4% in the third quarter. Vanguard Group Inc now owns 12,068,478 shares of the real estate investment trust’s stock valued at $164,133,000 after purchasing an additional 170,107 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Ramco-Gershenson Properties Trust by 1.4% in the third quarter. Vanguard Group Inc. now owns 12,068,478 shares of the real estate investment trust’s stock valued at $164,133,000 after purchasing an additional 170,107 shares in the last quarter.

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Ramco-Gershenson Properties Trust Company Profile

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's locally-curated consumer experiences reflect the lifestyles of its diverse neighborhoods and match the modern expectations of its retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange under the ticker symbol RPT.

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