Ramco-Gershenson Properties Trust (NYSE:RPT) shares saw unusually-strong trading volume on Friday . Approximately 704,615 shares were traded during trading, an increase of 55% from the previous session’s volume of 455,236 shares.The stock last traded at $19.80 and had previously closed at $19.78.

A number of research analysts recently issued reports on RPT shares. DA Davidson began coverage on shares of Ramco-Gershenson Properties Trust in a research report on Friday, April 1st. They set a “buy” rating and a $22.00 target price for the company. Zacks Investment Research cut shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday. Robert W. Baird cut shares of Ramco-Gershenson Properties Trust from an “outperform” rating to a “neutral” rating and set a $20.00 price objective for the company. in a report on Tuesday. They noted that the move was a valuation call. Jefferies Group began coverage on shares of Ramco-Gershenson Properties Trust in a report on Thursday, June 30th. They issued a “buy” rating and a $22.00 price objective for the company. Finally, Boenning Scattergood cut shares of Ramco-Gershenson Properties Trust from a “neutral” rating to an “underperform” rating and set a $18.00 price objective for the company. in a report on Tuesday, June 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $20.14.

The company has a 50 day moving average price of $19.11 and a 200-day moving average price of $17.80. The company has a market capitalization of $1.57 billion and a price-to-earnings ratio of 26.19.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.34. Equities analysts forecast that Ramco-Gershenson Properties Trust will post $1.36 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Monday, June 20th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Thursday, June 16th.

A number of hedge funds have modified their holdings of the company. Employees Retirement System of Texas acquired a new stake in shares of Ramco-Gershenson Properties Trust during the fourth quarter worth $2,242,000. Dimensional Fund Advisors LP boosted 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 worth $17,168,000 after buying an additional 22,077 shares in the last quarter. Advantus Capital Management Inc boosted 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. Rhumbline Advisers boosted 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 boosted 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.

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