Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Ramco-Gershenson Properties Trust (RPT) Stock Price
News articles about Ramco-Gershenson Properties Trust (NYSE:RPT) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ramco-Gershenson Properties Trust earned a news impact score of 0.24 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.8208625316591 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Jefferies Group Equities Analysts Increase Earnings Estimates for Ramco-Gershenson Properties Trust (RPT) (americanbankingnews.com)
- Ramco-Gershenson Properties Trust (RPT) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Ramco-Gershenson Properties Trust to Post Q2 2018 Earnings of $0.33 Per Share, DA Davidson Forecasts (RPT) (americanbankingnews.com)
- Ramco-Gershenson Properties Trust (RPT) Given a $14.00 Price Target by Jefferies Group Analysts (americanbankingnews.com)
- Q1 2018 Earnings Estimate for Ramco-Gershenson Properties Trust (RPT) Issued By Boenning Scattergood (americanbankingnews.com)
Shares of Ramco-Gershenson Properties Trust (NYSE RPT) opened at $14.72 on Friday. The company has a market cap of $1,168.66, a PE ratio of 10.75, a price-to-earnings-growth ratio of 2.77 and a beta of 0.81. Ramco-Gershenson Properties Trust has a fifty-two week low of $11.86 and a fifty-two week high of $17.11.
Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. The business had revenue of $64.93 million for the quarter, compared to the consensus estimate of $66.07 million. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. analysts predict that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Wednesday, December 20th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.98%. The ex-dividend date is Tuesday, December 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 149.15%.
RPT has been the subject of several research reports. B. Riley restated a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. KeyCorp restated a “buy” rating and set a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Friday, September 1st. ValuEngine upgraded shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Jefferies Group lowered shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and reduced their price target for the company from $16.00 to $13.00 in a research report on Friday, September 15th. Finally, Robert W. Baird restated a “hold” rating and set a $13.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.13.
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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.
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