Ramco-Gershenson Properties Trust (NYSE:RPT) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $19.91 and last traded at $19.89, with a volume of 98,215 shares changing hands. The stock had previously closed at $19.68.

A number of equities research analysts have weighed in on RPT shares. Deutsche Bank AG reissued a “buy” rating on shares of Ramco-Gershenson Properties Trust in a report on Sunday, May 22nd. Boenning Scattergood lowered shares of Ramco-Gershenson Properties Trust from a “neutral” rating to an “underperform” rating and set a $18.00 target price on the stock. in a report on Tuesday, June 28th. Wunderlich boosted their target price on shares of Ramco-Gershenson Properties Trust from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, May 5th. Zacks Investment Research lowered shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Finally, Jefferies Group started coverage on shares of Ramco-Gershenson Properties Trust in a report on Thursday, June 30th. They set a “buy” rating and a $22.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $20.17.

The stock has a market cap of $1.57 billion and a P/E ratio of 26.27. The company’s 50 day moving average price is $18.39 and its 200-day moving average price is $17.53.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. On average, equities research analysts anticipate that Ramco-Gershenson Properties Trust will post $1.36 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Monday, June 20th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Thursday, June 16th.

Other large investors recently made changes to their positions in the company. Advantus Capital Management Inc increased its stake in shares of Ramco-Gershenson Properties Trust by 19.1% in the fourth quarter. Advantus Capital Management Inc now owns 142,550 shares of the real estate investment trust’s stock worth $2,368,000 after buying an additional 22,907 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Ramco-Gershenson Properties Trust by 8.5% in the fourth quarter. Principal Financial Group Inc. now owns 91,224 shares of the real estate investment trust’s stock worth $1,515,000 after buying an additional 7,169 shares in the last quarter. Morgan Stanley increased its stake in shares of Ramco-Gershenson Properties Trust by 392.2% in the fourth quarter. Morgan Stanley now owns 173,925 shares of the real estate investment trust’s stock worth $2,889,000 after buying an additional 138,592 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Ramco-Gershenson Properties Trust by 4.6% in the fourth quarter. Rhumbline Advisers now owns 117,690 shares of the real estate investment trust’s stock worth $1,955,000 after buying an additional 5,140 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Ramco-Gershenson Properties Trust by 916.0% in the fourth quarter. First Trust Advisors LP now owns 293,407 shares of the real estate investment trust’s stock worth $4,873,000 after buying an additional 264,529 shares in the last quarter.

Ramco-Gershenson Properties Trust is an integrated real estate investment trust. The Company’s primary business is the ownership and management of multi-anchored shopping centers primarily in approximately 10 metropolitan markets in the United States. The Company’s property portfolio includes approximately 70 shopping centers and an office building comprising approximately 15.3 million square feet.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.