Ramco-Gershenson Properties Trust (NYSE:RPT) – Analysts at KeyCorp cut their FY2018 earnings per share (EPS) estimates for Ramco-Gershenson Properties Trust in a research note issued on Thursday, according to Zacks Investment Research. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings of $1.34 per share for the year, down from their prior forecast of $1.35. KeyCorp also issued estimates for Ramco-Gershenson Properties Trust’s FY2019 earnings at $1.40 EPS.
A number of other equities analysts also recently weighed in on the company. ValuEngine downgraded Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Boenning Scattergood restated a “sell” rating on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, February 22nd. B. Riley restated a “buy” rating and issued a $14.00 target price (down previously from $15.50) on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, February 22nd. Zacks Investment Research downgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Finally, Raymond James Financial restated a “hold” rating on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.
RPT stock traded down $0.17 during mid-day trading on Monday, reaching $11.76. The company’s stock had a trading volume of 57,096 shares, compared to its average volume of 584,797. The firm has a market cap of $966.00, a P/E ratio of 15.70, a P/E/G ratio of 2.24 and a beta of 0.67. Ramco-Gershenson Properties Trust has a fifty-two week low of $11.36 and a fifty-two week high of $15.00.
Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.09). The business had revenue of $64.26 million during the quarter, compared to the consensus estimate of $65.81 million. Ramco-Gershenson Properties Trust had a return on equity of 8.75% and a net margin of 26.05%.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Tuesday, March 20th will be issued a $0.22 dividend. The ex-dividend date is Monday, March 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.48%. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 115.79%.
Several large investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB bought a new stake in shares of Ramco-Gershenson Properties Trust in the 4th quarter worth approximately $209,000. MetLife Investment Advisors LLC bought a new stake in shares of Ramco-Gershenson Properties Trust in the 4th quarter worth approximately $559,000. Macquarie Group Ltd. raised its holdings in shares of Ramco-Gershenson Properties Trust by 5.9% in the 4th quarter. Macquarie Group Ltd. now owns 6,170,687 shares of the real estate investment trust’s stock worth $90,590,000 after purchasing an additional 344,699 shares during the period. Verition Fund Management LLC bought a new stake in shares of Ramco-Gershenson Properties Trust in the 4th quarter worth approximately $224,000. Finally, Millennium Management LLC bought a new stake in shares of Ramco-Gershenson Properties Trust in the 4th quarter worth approximately $824,000.
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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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