Ramco-Gershenson Properties Trust (NYSE:RPT)‘s stock had its “hold” rating reaffirmed by equities research analysts at Raymond James Financial in a note issued to investors on Tuesday.

A number of other research analysts have also recently commented on the company. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 11th. B. Riley reaffirmed a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, November 2nd. BTIG Research downgraded Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. Boenning Scattergood reaffirmed a “sell” rating and issued a $12.50 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, November 2nd. Finally, DA Davidson downgraded Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $15.00.

Ramco-Gershenson Properties Trust (NYSE RPT) opened at $14.47 on Tuesday. Ramco-Gershenson Properties Trust has a twelve month low of $11.86 and a twelve month high of $17.30. The company has a market capitalization of $1,138.11, a P/E ratio of 10.47, a P/E/G ratio of 2.35 and a beta of 0.81.

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

A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its stake in 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 worth $797,000 after acquiring an additional 449 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Ramco-Gershenson Properties Trust by 1.5% during 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 last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Ramco-Gershenson Properties Trust by 2.6% during 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 last quarter. Nationwide Fund Advisors increased its position in shares of Ramco-Gershenson Properties Trust by 4.7% during the 2nd quarter. Nationwide Fund Advisors now owns 69,417 shares of the real estate investment trust’s stock valued at $895,000 after purchasing an additional 3,136 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Ramco-Gershenson Properties Trust by 16.2% during the 2nd quarter. Voya Investment Management LLC now owns 31,768 shares of the real estate investment trust’s stock valued at $410,000 after purchasing an additional 4,439 shares during the last quarter. 98.53% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Ramco-Gershenson Properties Trust (NYSE:RPT)

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