Ramco-Gershenson Properties Trust (NYSE:RPT) – Equities research analysts at Capital One Financial boosted their Q1 2018 EPS estimates for Ramco-Gershenson Properties Trust in a research report issued to clients and investors on Monday. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will post earnings of $0.34 per share for the quarter, up from their prior estimate of $0.33. Capital One Financial also issued estimates for Ramco-Gershenson Properties Trust’s Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $1.35 EPS and FY2019 earnings at $1.42 EPS.

RPT has been the topic of a number of other reports. Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 11th. BTIG Research lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. Robert W. Baird reaffirmed a “hold” rating and set a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, August 24th. Boenning Scattergood reaffirmed a “sell” rating and set a $12.50 target price on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. Finally, B. Riley reaffirmed a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. One equities 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 company. Ramco-Gershenson Properties Trust presently has an average rating of “Hold” and a consensus target price of $15.00.

Ramco-Gershenson Properties Trust (RPT) traded up $0.05 during trading on Wednesday, hitting $14.39. The company’s stock had a trading volume of 711,900 shares, compared to its average volume of 828,038. The company has a market cap of $1,138.11, a PE ratio of 10.47, a price-to-earnings-growth ratio of 2.35 and a beta of 0.81. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $17.33.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $64.93 million for 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 company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date of this dividend is Tuesday, December 19th. Ramco-Gershenson Properties Trust’s payout ratio is 149.15%.

Several large investors have recently modified their holdings of RPT. Dimensional Fund Advisors LP raised its position in Ramco-Gershenson Properties Trust by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,112,419 shares of the real estate investment trust’s stock valued at $15,596,000 after buying an additional 48,739 shares during the last quarter. Bank of Montreal Can raised its position in Ramco-Gershenson Properties Trust by 300.8% in the 2nd quarter. Bank of Montreal Can now owns 9,295 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 6,976 shares during the last quarter. Aperio Group LLC raised its position in Ramco-Gershenson Properties Trust by 128.2% in the 2nd quarter. Aperio Group LLC now owns 44,235 shares of the real estate investment trust’s stock valued at $571,000 after buying an additional 24,848 shares during the last quarter. Russell Investments Group Ltd. raised its position in Ramco-Gershenson Properties Trust by 37.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 132,042 shares of the real estate investment trust’s stock valued at $1,704,000 after buying an additional 36,072 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Ramco-Gershenson Properties Trust in the 2nd quarter valued at $241,000. 98.53% of the stock is currently owned by institutional investors.

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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.

Earnings History and Estimates for Ramco-Gershenson Properties Trust (NYSE:RPT)

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