Jefferies Group LLC reissued their hold rating on shares of Ramco-Gershenson Properties Trust (NYSE:RPT) in a report issued on Monday morning. They currently have a $13.00 target price on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the company. KeyCorp reiterated an overweight rating and issued a $16.00 price objective (down previously from $18.00) on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, June 28th. Zacks Investment Research cut Ramco-Gershenson Properties Trust from a hold rating to a sell rating in a report on Thursday, July 20th. BidaskClub upgraded Ramco-Gershenson Properties Trust from a hold rating to a buy rating in a report on Wednesday, July 19th. FBR & Co reiterated an outperform rating and issued a $15.00 price objective on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, July 11th. Finally, ValuEngine upgraded Ramco-Gershenson Properties Trust from a hold rating to a buy rating in a report on Saturday, July 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $15.14.

Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) traded down 0.97% during trading on Monday, reaching $13.26. The company’s stock had a trading volume of 75,351 shares. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $17.89. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 32.34 and a beta of 0.74. The stock’s 50 day moving average price is $13.27 and its 200-day moving average price is $13.33.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Ramco-Gershenson Properties Trust had a return on equity of 4.99% and a net margin of 15.05%. The business had revenue of $67.10 million during the quarter, compared to analysts’ expectations of $67.05 million. During the same quarter last year, the business posted $0.35 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Equities analysts anticipate that Ramco-Gershenson Properties Trust will post $0.31 EPS for the current year.

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The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Wednesday, September 20th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date was Tuesday, September 19th. Ramco-Gershenson Properties Trust’s payout ratio is presently 214.64%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Ramco-Gershenson Properties Trust by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 61,831 shares of the real estate investment trust’s stock valued at $797,000 after purchasing an additional 449 shares during the period. Janus Capital Management LLC lifted its stake in shares of Ramco-Gershenson Properties Trust by 0.6% in the 1st quarter. Janus Capital Management LLC now owns 171,469 shares of the real estate investment trust’s stock valued at $2,404,000 after purchasing an additional 1,103 shares during the period. California Public Employees Retirement System lifted its stake in shares of Ramco-Gershenson Properties Trust by 1.5% in the 2nd quarter. California Public Employees Retirement System now owns 127,513 shares of the real estate investment trust’s stock valued at $1,645,000 after purchasing an additional 1,900 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Ramco-Gershenson Properties Trust by 2.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 77,655 shares of the real estate investment trust’s stock valued at $1,002,000 after purchasing an additional 1,974 shares during the period. Finally, Teachers Advisors LLC lifted its stake in shares of Ramco-Gershenson Properties Trust by 0.5% in the 1st quarter. Teachers Advisors LLC now owns 600,838 shares of the real estate investment trust’s stock valued at $8,424,000 after purchasing an additional 3,082 shares during the period. Institutional investors own 98.39% of the company’s stock.

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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