Ramco-Gershenson Properties Trust (RPT) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its holdings in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 31.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,560 shares of the real estate investment trust’s stock after selling 11,527 shares during the period. Stifel Financial Corp’s holdings in Ramco-Gershenson Properties Trust were worth $317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of RPT. Voya Investment Management LLC grew its stake in Ramco-Gershenson Properties Trust by 16.2% in the second quarter. Voya Investment Management LLC now owns 31,768 shares of the real estate investment trust’s stock worth $410,000 after purchasing an additional 4,439 shares during the period. OxFORD Asset Management LLP grew its stake in shares of Ramco-Gershenson Properties Trust by 206.8% in the second quarter. OxFORD Asset Management LLP now owns 104,133 shares of the real estate investment trust’s stock worth $1,343,000 after acquiring an additional 70,196 shares during the last quarter. Castle Ridge Investment Management LP purchased a new stake in shares of Ramco-Gershenson Properties Trust in the second quarter worth $4,588,000. Dimensional Fund Advisors LP grew its stake in shares of Ramco-Gershenson Properties Trust by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,159,568 shares of the real estate investment trust’s stock worth $14,959,000 after acquiring an additional 47,149 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of Ramco-Gershenson Properties Trust by 67.1% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,510 shares of the real estate investment trust’s stock worth $871,000 after acquiring an additional 27,100 shares during the last quarter. 98.53% of the stock is currently owned by hedge funds and other institutional investors.

Ramco-Gershenson Properties Trust (RPT) opened at $13.94 on Monday. The firm has a market capitalization of $1,106.36, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 2.47 and a beta of 0.76. Ramco-Gershenson Properties Trust has a 1-year low of $11.86 and a 1-year high of $17.56.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, meeting the 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 business had revenue of $64.93 million during the quarter, compared to analyst estimates of $66.07 million. During the same period last year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. analysts forecast that Ramco-Gershenson Properties Trust will post 1.37 earnings per share for the current year.

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A number of brokerages have recently issued reports on RPT. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday. BidaskClub raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. BTIG Research downgraded Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. Robert W. Baird reissued a “hold” rating and issued a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Thursday, August 24th. Finally, Boenning Scattergood reissued a “sell” rating and issued a $12.50 target price on shares of Ramco-Gershenson Properties Trust in a report on Thursday, November 2nd. One research 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 price target of $14.94.

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.

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

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