Strs Ohio reduced its stake in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 12.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,955 shares of the real estate investment trust’s stock after selling 18,187 shares during the period. Strs Ohio’s holdings in Ramco-Gershenson Properties Trust were worth $1,599,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of RPT. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Ramco-Gershenson Properties Trust by 0.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,953 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 100 shares in the last quarter. Janus Capital Management LLC increased its position in Ramco-Gershenson Properties Trust by 0.6% in the first quarter. Janus Capital Management LLC now owns 171,469 shares of the real estate investment trust’s stock worth $2,404,000 after buying an additional 1,103 shares in the last quarter. Advisors Asset Management Inc. increased its position in Ramco-Gershenson Properties Trust by 4.4% in the first quarter. Advisors Asset Management Inc. now owns 41,185 shares of the real estate investment trust’s stock worth $577,000 after buying an additional 1,734 shares in the last quarter. US Bancorp DE increased its position in Ramco-Gershenson Properties Trust by 11.7% in the first quarter. US Bancorp DE now owns 18,806 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 1,973 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in Ramco-Gershenson Properties Trust by 2.0% in the first quarter. California Public Employees Retirement System now owns 125,613 shares of the real estate investment trust’s stock worth $1,761,000 after buying an additional 2,500 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Ramco-Gershenson Properties Trust (NYSE:RPT) opened at 13.30 on Friday. Ramco-Gershenson Properties Trust has a 12-month low of $11.86 and a 12-month high of $19.89. The stock has a market capitalization of $1.06 billion, a P/E ratio of 32.44 and a beta of 0.71. The firm’s 50-day moving average is $13.43 and its 200-day moving average is $13.98.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Ramco-Gershenson Properties Trust had a return on equity of 4.99% and a net margin of 15.05%. The business had revenue of $67.10 million during the quarter, compared to analysts’ expectations of $67.05 million. During the same period in the prior year, the business earned $0.35 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts predict that Ramco-Gershenson Properties Trust will post $0.25 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was originally published by Watch List News and is the property of of Watch List News. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.watchlistnews.com/strs-ohio-decreases-position-in-ramco-gershenson-properties-trust-rpt/1476546.html.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Boenning Scattergood set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the stock a “sell” rating in a report on Thursday, August 3rd. BidaskClub raised shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Ramco-Gershenson Properties Trust in a report on Monday, June 12th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $16.00 price objective (down from $18.00) on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $16.00.

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.

Want to see what other hedge funds are holding RPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ramco-Gershenson Properties Trust (NYSE:RPT).

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

Receive News & Ratings for Ramco-Gershenson Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ramco-Gershenson Properties Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.