Ramco-Gershenson Properties Trust (NYSE:RPT) shares saw an uptick in trading volume on Friday . 704,615 shares traded hands during mid-day 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.

Several research firms have commented on RPT. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ramco-Gershenson Properties Trust in a report on Sunday, May 22nd. Wunderlich upped their price target on Ramco-Gershenson Properties Trust from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, May 5th. Zacks Investment Research cut Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Jefferies Group began coverage on Ramco-Gershenson Properties Trust in a report on Thursday, June 30th. They issued a “buy” rating and a $22.00 price target for the company. Finally, Boenning Scattergood cut Ramco-Gershenson Properties Trust from a “neutral” rating to an “underperform” rating and set a $18.00 price target for the company. in a report on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Ramco-Gershenson Properties Trust presently has an average rating of “Hold” and a consensus price target of $20.14.

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

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. Equities analysts predict that Ramco-Gershenson Properties Trust will post $1.36 earnings per share for the current year.

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

Other institutional investors have bought and sold shares of the company. Employees Retirement System of Texas acquired a new position in Ramco-Gershenson Properties Trust during the fourth quarter worth approximately $2,242,000. Dimensional Fund Advisors LP boosted its position in 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 during the last quarter. Advantus Capital Management Inc boosted its position in 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 during the last quarter. Rhumbline Advisers boosted its position in 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 during the last quarter. Finally, First Trust Advisors LP boosted its position in 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 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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