Ramco-Gershenson Properties Trust (NYSE:RPT)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $20.05 and last traded at $19.90, with a volume of 398,806 shares changing hands. The stock had previously closed at $19.90.

Several brokerages have issued reports on RPT. Jefferies Group began coverage on Ramco-Gershenson Properties Trust in a research note on Thursday, June 30th. They issued a “buy” rating and a $22.00 price target on the stock. Boenning Scattergood lowered Ramco-Gershenson Properties Trust from a “neutral” rating to an “underperform” rating and set a $18.00 price target on the stock. in a research note on Tuesday, June 28th. Wunderlich boosted their price target on Ramco-Gershenson Properties Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, May 5th. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Monday, May 16th. Finally, DA Davidson began coverage on Ramco-Gershenson Properties Trust in a research note on Friday, April 1st. They issued a “buy” rating and a $22.00 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Ramco-Gershenson Properties Trust presently has an average rating of “Buy” and a consensus price target of $20.17.

The stock has a market cap of $1.58 billion and a P/E ratio of 26.30. The firm has a 50-day moving average price of $18.67 and a 200 day moving average price of $17.63.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Monday, June 20th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.22%. The ex-dividend date was Thursday, June 16th.

Several hedge funds have recently modified their holdings of RPT. Dimensional Fund Advisors LP raised its stake in shares of Ramco-Gershenson Properties Trust by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,033,592 shares of the real estate investment trust’s stock valued at $17,168,000 after buying an additional 22,077 shares during the last quarter. First Trust Advisors LP raised 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 valued at $4,873,000 after buying an additional 264,529 shares during the last quarter. Morgan Stanley raised 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 valued at $2,889,000 after buying an additional 138,592 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Ramco-Gershenson Properties Trust by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 146,673 shares of the real estate investment trust’s stock valued at $2,436,000 after buying an additional 2,319 shares during the last quarter. Finally, Advantus Capital Management Inc raised 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 valued at $2,368,000 after buying an additional 22,907 shares during 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.

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