Ramco-Gershenson Properties Trust (RPT) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 4.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,159,568 shares of the real estate investment trust’s stock after purchasing an additional 47,149 shares during the period. Dimensional Fund Advisors LP owned approximately 1.46% of Ramco-Gershenson Properties Trust worth $14,959,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Prudential Financial Inc. increased its holdings in shares of Ramco-Gershenson Properties Trust by 1,638.9% during the second quarter. Prudential Financial Inc. now owns 1,390,766 shares of the real estate investment trust’s stock valued at $17,941,000 after purchasing an additional 1,310,786 shares during the period. Legal & General Group Plc increased its holdings in shares of Ramco-Gershenson Properties Trust by 73.3% during the second quarter. Legal & General Group Plc now owns 326,457 shares of the real estate investment trust’s stock valued at $4,213,000 after purchasing an additional 138,097 shares during the period. Davis Selected Advisers increased its holdings in shares of Ramco-Gershenson Properties Trust by 18.1% during the second quarter. Davis Selected Advisers now owns 207,051 shares of the real estate investment trust’s stock valued at $2,671,000 after purchasing an additional 31,691 shares during the period. BlackRock Inc. increased its holdings in shares of Ramco-Gershenson Properties Trust by 8.2% during the second quarter. BlackRock Inc. now owns 11,230,214 shares of the real estate investment trust’s stock valued at $144,866,000 after purchasing an additional 855,357 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Ramco-Gershenson Properties Trust during the second quarter valued at $1,465,000. 98.53% of the stock is currently owned by institutional investors.

RPT has been the topic of a number of research analyst reports. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Jefferies Group LLC reissued a “hold” rating and set a $13.00 price target on shares of Ramco-Gershenson Properties Trust in a report on Monday, October 16th. ValuEngine lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and set a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, August 24th. Finally, KeyCorp reaffirmed a “buy” rating and set a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $14.94.

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Ramco-Gershenson Properties Trust (RPT) opened at $13.94 on Monday. Ramco-Gershenson Properties Trust has a 52 week low of $11.86 and a 52 week high of $17.56. The firm has a market capitalization of $1,106.36, a PE ratio of 10.18, a P/E/G ratio of 2.47 and a beta of 0.76.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting the Thomson Reuters’ 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 analysts’ expectations of $66.07 million. During the same quarter last year, the business posted $0.34 earnings per share. The company’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 fiscal year.

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

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