News articles about Ramco-Gershenson Properties Trust (NYSE:RPT) have trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ramco-Gershenson Properties Trust earned a news impact score of 0.23 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.9901323573456 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Is Ramco-Gershenson (RPT) a Good Pick for Value Investors? (finance.yahoo.com)
- Head to Head Contrast: Agree Realty (ADC) & Ramco-Gershenson Properties Trust (RPT) (americanbankingnews.com)
- Ramco-Gershenson Properties Trust (RPT) CEO Dennis Earl Gershenson Purchases 25,000 Shares (americanbankingnews.com)
- Ramco-Gershenson Properties Trust (RPT) Passes Through 6% Yield Mark (nasdaq.com)
- Ramco-Gershenson Properties Trust (RPT) Downgraded by ValuEngine (americanbankingnews.com)
Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) opened at $14.50 on Friday. Ramco-Gershenson Properties Trust has a 1-year low of $11.86 and a 1-year high of $17.08. The firm has a market cap of $1,158.74, a PE ratio of 24.58, a price-to-earnings-growth ratio of 2.77 and a beta of 0.81.
Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.34. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. The company had revenue of $64.93 million during the quarter, compared to the consensus estimate of $66.07 million. During the same period in the prior year, the company earned $0.34 EPS. Ramco-Gershenson Properties Trust’s revenue was up 1.3% on a year-over-year basis. research analysts anticipate that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Wednesday, December 20th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend was Tuesday, December 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio is presently 149.15%.
Several research firms have recently commented on RPT. Zacks Investment Research upgraded shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. BTIG Research downgraded shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. Jefferies Group set a $14.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the stock a “hold” rating in a report on Wednesday, December 13th. Boenning Scattergood reaffirmed a “sell” rating and issued a $12.50 price objective on shares of Ramco-Gershenson Properties Trust in a report on Thursday, November 2nd. Finally, B. Riley reaffirmed a “buy” rating on shares of Ramco-Gershenson Properties Trust in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $15.13.
In other news, CEO Dennis Earl Gershenson acquired 25,000 shares of Ramco-Gershenson Properties Trust stock in a transaction on Friday, December 14th. The stock was bought at an average cost of $14.58 per share, with a total value of $364,500.00. Following the completion of the purchase, the chief executive officer now owns 529,454 shares of the company’s stock, valued at $7,719,439.32. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.71% of the stock is currently owned by corporate insiders.
TRADEMARK VIOLATION NOTICE: “Ramco-Gershenson Properties Trust (RPT) Earning Somewhat Favorable Press Coverage, Analysis Finds” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://ledgergazette.com/2018/01/06/ramco-gershenson-properties-trust-rpt-earning-somewhat-favorable-press-coverage-analysis-finds.html.
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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