Ramco-Gershenson Properties Trust (RPT) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of Ramco-Gershenson Properties Trust (NYSE:RPT) from a hold rating to a buy rating in a report published on Thursday.

RPT has been the topic of several other research reports. KeyCorp restated a buy rating and issued a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Friday, September 1st. 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 Thursday, August 3rd. Raymond James Financial, Inc. restated a market perform rating on shares of Ramco-Gershenson Properties Trust in a research note on Monday, June 12th. FBR & Co restated an outperform rating and issued a $15.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, July 11th. Finally, Jefferies Group LLC restated a buy rating and issued a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Ramco-Gershenson Properties Trust has a consensus rating of Hold and a consensus target price of $15.14.

Shares of Ramco-Gershenson Properties Trust (RPT) opened at 13.17 on Thursday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 32.12 and a beta of 0.74. The stock has a 50 day moving average of $13.23 and a 200-day moving average of $13.35. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $18.05.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $67.05 million. During the same quarter in the previous year, the business posted $0.35 EPS. Ramco-Gershenson Properties Trust’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities research analysts predict that Ramco-Gershenson Properties Trust will post $0.31 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Wednesday, September 20th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.68%. The ex-dividend date of this dividend was Tuesday, September 19th. Ramco-Gershenson Properties Trust’s payout ratio is 214.64%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Ramco-Gershenson Properties Trust by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,918,922 shares of the real estate investment trust’s stock valued at $166,655,000 after acquiring an additional 461,163 shares in the last quarter. BlackRock Inc. raised its stake in shares of Ramco-Gershenson Properties Trust by 8.2% during the 2nd quarter. BlackRock Inc. now owns 11,230,214 shares of the real estate investment trust’s stock worth $144,866,000 after purchasing an additional 855,357 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Ramco-Gershenson Properties Trust by 26.5% during the 2nd quarter. Macquarie Group Ltd. now owns 5,388,665 shares of the real estate investment trust’s stock worth $69,513,000 after purchasing an additional 1,128,505 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Ramco-Gershenson Properties Trust by 63.3% during the 1st quarter. Wellington Management Group LLP now owns 4,572,116 shares of the real estate investment trust’s stock worth $64,101,000 after purchasing an additional 1,773,010 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Ramco-Gershenson Properties Trust by 18.3% during the 2nd quarter. State Street Corp now owns 3,086,615 shares of the real estate investment trust’s stock worth $39,820,000 after purchasing an additional 476,883 shares in the last quarter. Hedge funds and other institutional investor

RPT has been the topic of several other research reports. KeyCorp restated a buy rating and issued a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Friday, September 1st. 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 Thursday, August 3rd. Raymond James Financial, Inc. restated a market perform rating on shares of Ramco-Gershenson Properties Trust in a research note on Monday, June 12th. FBR & Co restated an outperform rating and issued a $15.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, July 11th. Finally, Jefferies Group LLC restated a buy rating and issued a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Ramco-Gershenson Properties Trust has a consensus rating of Hold and a consensus target price of $15.14.

Shares of Ramco-Gershenson Properties Trust (RPT) opened at 13.17 on Thursday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 32.12 and a beta of 0.74. The stock has a 50 day moving average of $13.23 and a 200-day moving average of $13.35. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $18.05.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $67.05 million. During the same quarter in the previous year, the business posted $0.35 EPS. Ramco-Gershenson Properties Trust’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities research analysts predict that Ramco-Gershenson Properties Trust will post $0.31 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/09/ramco-gershenson-properties-trust-rpt-upgraded-by-valuengine-to-buy.html.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Wednesday, September 20th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.68%. The ex-dividend date of this dividend was Tuesday, September 19th. Ramco-Gershenson Properties Trust’s payout ratio is 214.64%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Ramco-Gershenson Properties Trust by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,918,922 shares of the real estate investment trust’s stock valued at $166,655,000 after acquiring an additional 461,163 shares in the last quarter. BlackRock Inc. raised its stake in shares of Ramco-Gershenson Properties Trust by 8.2% during the 2nd quarter. BlackRock Inc. now owns 11,230,214 shares of the real estate investment trust’s stock worth $144,866,000 after purchasing an additional 855,357 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Ramco-Gershenson Properties Trust by 26.5% during the 2nd quarter. Macquarie Group Ltd. now owns 5,388,665 shares of the real estate investment trust’s stock worth $69,513,000 after purchasing an additional 1,128,505 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Ramco-Gershenson Properties Trust by 63.3% during the 1st quarter. Wellington Management Group LLP now owns 4,572,116 shares of the real estate investment trust’s stock worth $64,101,000 after purchasing an additional 1,773,010 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Ramco-Gershenson Properties Trust by 18.3% during the 2nd quarter. State Street Corp now owns 3,086,615 shares of the real estate investment trust’s stock worth $39,820,000 after purchasing an additional 476,883 shares in the last quarter. Hedge funds and other institutional investors own 98.69% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ramco-Gershenson Properties Trust (NYSE:RPT)

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