Ramco-Gershenson Properties Trust (NYSE:RPT) – Research analysts at DA Davidson lowered their Q2 2018 earnings per share estimates for shares of Ramco-Gershenson Properties Trust in a research note issued to investors on Tuesday. DA Davidson analyst J. Lykins now anticipates that the real estate investment trust will earn $0.33 per share for the quarter, down from their previous estimate of $0.35. DA Davidson has a “Neutral” rating and a $14.00 price target on the stock. DA Davidson also issued estimates for Ramco-Gershenson Properties Trust’s Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.34 EPS and FY2018 earnings at $1.35 EPS.

Several other equities research analysts also recently issued reports on the company. Jefferies Group reissued a “hold” rating and issued a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Monday, October 16th. ValuEngine downgraded Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and set a $13.00 price target on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, August 24th. Zacks Investment Research downgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, KeyCorp reaffirmed a “buy” rating and set a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.13.

Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) traded up $0.08 during trading on Thursday, reaching $14.47. The company had a trading volume of 442,700 shares, compared to its average volume of 826,432. The stock has a market cap of $1,142.08, a P/E ratio of 10.50, a P/E/G ratio of 2.36 and a beta of 0.81. Ramco-Gershenson Properties Trust has a 1 year low of $11.86 and a 1 year high of $17.30.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $66.07 million. During the same quarter in the prior year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Wednesday, December 20th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date is Tuesday, December 19th. Ramco-Gershenson Properties Trust’s payout ratio is 149.15%.

A number of large investors have recently made changes to their positions in RPT. Tower Research Capital LLC TRC purchased a new position in shares of Ramco-Gershenson Properties Trust in the 2nd quarter worth approximately $116,000. Bank of Montreal Can raised its holdings in Ramco-Gershenson Properties Trust by 300.8% during 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 acquiring an additional 6,976 shares during the period. Amalgamated Bank bought a new stake in Ramco-Gershenson Properties Trust during the 2nd quarter valued at $138,000. Dynamic Technology Lab Private Ltd purchased a new position in Ramco-Gershenson Properties Trust in the second quarter worth $179,000. Finally, Profund Advisors LLC purchased a new position in Ramco-Gershenson Properties Trust in the second quarter worth $185,000. 98.53% of the stock is owned by institutional investors and hedge funds.

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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.

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

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