Ramco-Gershenson Properties Trust (RPT) Expected to Post Quarterly Sales of $65.78 Million
Equities research analysts forecast that Ramco-Gershenson Properties Trust (NYSE:RPT) will report sales of $65.78 million for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Ramco-Gershenson Properties Trust’s earnings, with estimates ranging from $62.87 million to $69.36 million. Ramco-Gershenson Properties Trust reported sales of $64.45 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.1%. The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, February 20th.
According to Zacks, analysts expect that Ramco-Gershenson Properties Trust will report full year sales of $65.78 million for the current fiscal year, with estimates ranging from $260.03 million to $269.86 million. For the next fiscal year, analysts expect that the firm will post sales of $262.66 million per share, with estimates ranging from $251.13 million to $270.49 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Ramco-Gershenson Properties Trust.
Ramco-Gershenson Properties Trust (NYSE:RPT) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.34. The company had revenue of $64.93 million during the quarter, compared to analysts’ expectations of $66.07 million. Ramco-Gershenson Properties Trust had a return on equity of 6.96% and a net margin of 20.75%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS.
Ramco-Gershenson Properties Trust (NYSE:RPT) opened at $12.97 on Friday. The company has a market capitalization of $1,049.22 and a P/E ratio of 9.65. Ramco-Gershenson Properties Trust has a one year low of $11.86 and a one year high of $16.51.
In related news, CEO Dennis Earl Gershenson acquired 25,000 shares of Ramco-Gershenson Properties Trust stock in a transaction that occurred on Friday, December 14th. The stock was bought at an average price of $14.58 per share, with a total value of $364,500.00. Following the transaction, the chief executive officer now directly owns 529,454 shares in the company, valued at $7,719,439.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.71% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new position in Ramco-Gershenson Properties Trust during the 2nd quarter valued at approximately $116,000. Amalgamated Bank bought a new stake in shares of Ramco-Gershenson Properties Trust in the 2nd quarter worth $138,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Ramco-Gershenson Properties Trust in the 2nd quarter worth $179,000. Profund Advisors LLC bought a new stake in shares of Ramco-Gershenson Properties Trust in the 2nd quarter worth $185,000. Finally, Orinda Asset Management LLC bought a new stake in shares of Ramco-Gershenson Properties Trust in the 3rd quarter worth $195,000.
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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.
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