Ramco-Gershenson Properties Trust (NYSE:RPT) dropped 2.1% during mid-day trading on Thursday . The stock traded as low as $19.17 and last traded at $19.17, with a volume of 174,983 shares. The stock had previously closed at $19.58.

RPT has been the topic of several research analyst reports. Zacks Investment Research cut shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 21st. Robert W. Baird cut shares of Ramco-Gershenson Properties Trust from an “outperform” rating to a “neutral” rating and set a $20.00 target price on the stock. in a research report on Tuesday, July 19th. They noted that the move was a valuation call. Jefferies Group initiated coverage on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, June 30th. They issued a “buy” rating and a $22.00 target price on the stock. Boenning Scattergood cut 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 research report on Tuesday, June 28th. Finally, Wunderlich raised 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 research report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Ramco-Gershenson Properties Trust currently has a consensus rating of “Hold” and an average target price of $20.36.

The company’s 50-day moving average is $19.60 and its 200-day moving average is $18.11. The firm has a market cap of $1.52 billion and a PE ratio of 18.94.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm earned $65.90 million during the quarter, compared to the consensus estimate of $65.76 million. Ramco-Gershenson Properties Trust’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts expect that Ramco-Gershenson Properties Trust will post $1.36 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Ramco-Gershenson Properties Trust stock. Employees Retirement System of Texas purchased a new stake in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 135,000 shares of the real estate investment trust’s stock, valued at approximately $2,242,000. Employees Retirement System of Texas owned 0.17% of Ramco-Gershenson Properties Trust at the end of the most recent reporting period.

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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