FY2018 EPS Estimates for Ramco-Gershenson Properties Trust Decreased by KeyCorp (NYSE:RPT)

Ramco-Gershenson Properties Trust (NYSE:RPT) – Equities researchers at KeyCorp decreased their FY2018 earnings per share (EPS) estimates for Ramco-Gershenson Properties Trust in a report released on Tuesday, according to Zacks Investment Research. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will earn $1.35 per share for the year, down from their previous estimate of $1.38. KeyCorp currently has a “Buy” rating and a $16.00 target price on the stock. KeyCorp also issued estimates for Ramco-Gershenson Properties Trust’s FY2019 earnings at $1.42 EPS.

Several other research analysts also recently commented on RPT. Jefferies Group downgraded shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $16.00 to $13.00 in a report on Friday, September 15th. DA Davidson downgraded shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a report on Thursday, November 2nd. Robert W. Baird reissued a “hold” rating and issued a $13.00 price target on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, November 1st. Raymond James Financial reissued a “hold” rating on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, December 12th. Finally, ValuEngine downgraded shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, seven have issued 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 an average target price of $14.86.

Ramco-Gershenson Properties Trust (NYSE:RPT) opened at $13.75 on Thursday. The company has a market cap of $1,100.00, a P/E ratio of 24.12, a P/E/G ratio of 2.76 and a beta of 0.81. Ramco-Gershenson Properties Trust has a fifty-two week low of $11.86 and a fifty-two week high of $16.60.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The company had revenue of $64.93 million during the quarter, compared to the consensus estimate of $66.07 million. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. Ramco-Gershenson Properties Trust’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Ramco-Gershenson Properties Trust by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 12,918,922 shares of the real estate investment trust’s stock worth $166,655,000 after acquiring an additional 461,163 shares during the last quarter. BlackRock Inc. lifted its holdings 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 acquiring an additional 855,357 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Ramco-Gershenson Properties Trust by 8.1% during the 3rd quarter. Macquarie Group Ltd. now owns 5,825,988 shares of the real estate investment trust’s stock worth $75,796,000 after acquiring an additional 437,323 shares during the last quarter. NWQ Investment Management Company LLC lifted its holdings in shares of Ramco-Gershenson Properties Trust by 34.0% during the 3rd quarter. NWQ Investment Management Company LLC now owns 3,923,161 shares of the real estate investment trust’s stock worth $51,040,000 after acquiring an additional 995,250 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Ramco-Gershenson Properties Trust by 12.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,332,208 shares of the real estate investment trust’s stock worth $43,353,000 after acquiring an additional 378,813 shares during the last quarter. 98.23% of the stock is owned by institutional investors.

In related news, CEO Dennis Earl Gershenson acquired 25,000 shares of the company’s stock in a transaction dated 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 acquisition, the chief executive officer now owns 529,454 shares of the company’s stock, valued at approximately $7,719,439.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.57% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Wednesday, December 20th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date was Tuesday, December 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio is currently 154.39%.

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

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