SG Americas Securities LLC boosted its stake in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 164.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,787 shares of the real estate investment trust’s stock after purchasing an additional 16,023 shares during the quarter. SG Americas Securities LLC’s holdings in Ramco-Gershenson Properties Trust were worth $335,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in Ramco-Gershenson Properties Trust during the 2nd quarter valued at approximately $116,000. Bank of Montreal Can boosted its position 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 purchasing an additional 6,976 shares during the period. Amalgamated Bank acquired a new position in Ramco-Gershenson Properties Trust during the 2nd quarter valued at approximately $138,000. Dynamic Technology Lab Private Ltd acquired a new position in Ramco-Gershenson Properties Trust during the 2nd quarter valued at approximately $179,000. Finally, Profund Advisors LLC acquired a new position in Ramco-Gershenson Properties Trust during the 2nd quarter valued at approximately $185,000. Institutional investors and hedge funds own 98.53% of the company’s stock.

Shares of Ramco-Gershenson Properties Trust (NYSE RPT) opened at $14.72 on Friday. Ramco-Gershenson Properties Trust has a 12 month low of $11.86 and a 12 month high of $17.11. The firm has a market capitalization of $1,143.66, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 2.71 and a beta of 0.81.

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 for the quarter, meeting analysts’ consensus estimates of $0.34. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. The company had revenue of $64.93 million during the quarter, compared to the consensus estimate of $66.07 million. During the same period in the previous year, the business earned $0.34 earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. sell-side analysts predict that Ramco-Gershenson Properties Trust will post 1.37 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Wednesday, December 20th will be given a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.98%. Ramco-Gershenson Properties Trust’s payout ratio is 149.15%.

Several brokerages have weighed in on RPT. Jefferies Group set a $14.00 target price on Ramco-Gershenson Properties Trust and gave the company a “hold” rating in a research note on Wednesday. Boenning Scattergood set a $13.00 target price on Ramco-Gershenson Properties Trust and gave the company a “sell” rating in a research note on Wednesday. Raymond James Financial reaffirmed a “hold” rating on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th. Finally, B. Riley reaffirmed a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Ramco-Gershenson Properties Trust has a consensus rating of “Hold” and an average target price of $15.13.

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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.

Institutional Ownership by Quarter for Ramco-Gershenson Properties Trust (NYSE:RPT)

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