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

A number of analysts have weighed in on the company. Deutsche Bank AG reiterated a “buy” rating on shares of Ramco-Gershenson Properties Trust in a report on Sunday, May 22nd. Wunderlich raised their target price on Ramco-Gershenson Properties Trust from $20.00 to $21.50 and gave the company a “buy” rating in a research note on Friday, August 5th. Zacks Investment Research downgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Boenning Scattergood downgraded Ramco-Gershenson Properties Trust from a “neutral” rating to an “underperform” rating and set a $18.00 target price for the company. in a research note on Tuesday, June 28th. Finally, Jefferies Group started coverage on Ramco-Gershenson Properties Trust in a research note on Thursday, June 30th. They issued a “buy” rating and a $22.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $20.36.

The firm’s 50-day moving average is $19.62 and its 200 day moving average is $18.13. The firm has a market cap of $1.54 billion and a price-to-earnings ratio of 19.07.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The business earned $65.90 million during the quarter, compared to the consensus estimate of $65.76 million. Ramco-Gershenson Properties Trust’s revenue was up 10.4% compared to the same quarter last year. Equities analysts expect that Ramco-Gershenson Properties Trust will post $1.37 earnings per share for the current 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 Ramco-Gershenson Properties Trust (NYSE:RPT) during the fourth quarter, according to its most recent 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 about 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.

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.