Ramco-Gershenson Properties Trust (RPT) Receiving Somewhat Favorable Media Coverage, Report Shows
News headlines about Ramco-Gershenson Properties Trust (NYSE:RPT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ramco-Gershenson Properties Trust earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.7867927597864 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of equities analysts recently issued reports on RPT shares. Jefferies Group LLC restated a “hold” rating and issued a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Monday, October 16th. ValuEngine lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird restated a “hold” rating and issued a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, August 24th. KeyCorp restated a “buy” rating and issued a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, October 4th. Finally, Zacks Investment Research lowered Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Ramco-Gershenson Properties Trust has an average rating of “Hold” and a consensus target price of $14.94.
Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) opened at $14.37 on Monday. The firm has a market capitalization of $1,140.49, a PE ratio of 10.49, a price-to-earnings-growth ratio of 2.42 and a beta of 0.76. Ramco-Gershenson Properties Trust has a 12-month low of $11.86 and a 12-month high of $17.46.
Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $64.93 million for the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.34 EPS. research analysts predict that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current year.
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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