Brokers Set Expectations for Ramco-Gershenson Properties Trust’s Q1 2018 Earnings (RPT)

Ramco-Gershenson Properties Trust (NYSE:RPT) – Stock analysts at Boenning Scattergood reduced their Q1 2018 earnings estimates for shares of Ramco-Gershenson Properties Trust in a research note issued on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will earn $0.33 per share for the quarter, down from their prior estimate of $0.34. Boenning Scattergood has a “Sell” rating and a $13.00 price objective on the stock. Boenning Scattergood also issued estimates for Ramco-Gershenson Properties Trust’s Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.34 EPS and FY2018 earnings at $1.34 EPS.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $64.93 million for the quarter, compared to analysts’ expectations of $66.07 million. During the same period last year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis.

Several other brokerages have also recently issued reports on RPT. ValuEngine cut Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group restated a “hold” rating and set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Monday, October 16th. Robert W. Baird restated a “hold” rating and set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, November 1st. Raymond James Financial reaffirmed a “hold” rating on shares of Ramco-Gershenson Properties Trust in a research report on Tuesday. Finally, KeyCorp reaffirmed a “buy” rating and issued a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.13.

Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) traded down $0.06 on Thursday, reaching $14.41. The company had a trading volume of 465,800 shares, compared to its average volume of 824,936. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $17.11. The company has a market capitalization of $1,148.43, a PE ratio of 10.56, a PEG ratio of 2.73 and a beta of 0.81.

Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in shares of Ramco-Gershenson Properties Trust during the second quarter valued at $116,000. Bank of Montreal Can increased its holdings in shares of Ramco-Gershenson Properties Trust by 300.8% during the second quarter. Bank of Montreal Can now owns 9,295 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 6,976 shares during the period. Amalgamated Bank acquired a new position in Ramco-Gershenson Properties Trust during the second quarter worth about $138,000. Dynamic Technology Lab Private Ltd acquired a new position in Ramco-Gershenson Properties Trust during the second quarter worth about $179,000. Finally, Profund Advisors LLC acquired a new position in Ramco-Gershenson Properties Trust during the second quarter worth about $185,000. 98.53% of the stock is currently owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Wednesday, December 20th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date of this dividend is Tuesday, December 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is 149.15%.

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Ramco-Gershenson Properties Trust Company Profile

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.

Earnings History and Estimates for Ramco-Gershenson Properties Trust (NYSE:RPT)

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