Ramco-Gershenson Properties Trust (NYSE:RPT) announced a quarterly dividend on Friday, September 1st, Wall Street Journal reports. Shareholders of record on Wednesday, September 20th will be given a dividend of 0.22 per share by the real estate investment trust on Monday, October 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date is Tuesday, September 19th.

Ramco-Gershenson Properties Trust has increased its dividend payment by an average of 7.1% annually over the last three years and has increased its dividend every year for the last 4 years. Ramco-Gershenson Properties Trust has a payout ratio of 64.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ramco-Gershenson Properties Trust to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 63.3%.

Shares of Ramco-Gershenson Properties Trust (RPT) opened at 13.52 on Monday. The firm’s 50-day moving average price is $13.53 and its 200-day moving average price is $13.50. The stock has a market cap of $1.07 billion, a P/E ratio of 32.98 and a beta of 0.73. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $19.05.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Ramco-Gershenson Properties Trust had a net margin of 15.05% and a return on equity of 4.99%. The business had revenue of $67.10 million during the quarter, compared to the consensus estimate of $67.05 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Equities analysts predict that Ramco-Gershenson Properties Trust will post $0.25 EPS for the current year.

Several research firms have commented on RPT. KeyCorp reissued an “overweight” rating and set 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 downgraded shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. BidaskClub raised shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. FBR & Co reissued an “outperform” rating and set a $15.00 price objective on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, July 11th. Finally, ValuEngine raised shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Ramco-Gershenson Properties Trust has an average rating of “Hold” and a consensus target price of $15.14.

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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.

Dividend History for Ramco-Gershenson Properties Trust (NYSE:RPT)

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