Goldman Sachs Group Inc. cut its position in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 25.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 338,671 shares of the real estate investment trust’s stock after selling 114,498 shares during the period. Goldman Sachs Group Inc. owned about 0.43% of Ramco-Gershenson Properties Trust worth $4,748,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Ramco-Gershenson Properties Trust by 7,078.4% in the first quarter. BlackRock Inc. now owns 10,374,857 shares of the real estate investment trust’s stock worth $145,455,000 after buying an additional 10,230,328 shares during the period. Wellington Management Group LLP boosted its position in shares of Ramco-Gershenson Properties Trust by 63.3% in the first quarter. Wellington Management Group LLP now owns 4,572,116 shares of the real estate investment trust’s stock worth $64,101,000 after buying an additional 1,773,010 shares during the period. Waterfront Capital Partners LLC acquired a new position in shares of Ramco-Gershenson Properties Trust during the first quarter worth $12,356,000. Norges Bank acquired a new position in shares of Ramco-Gershenson Properties Trust during the fourth quarter worth $14,119,000. Finally, KRV Capital LP acquired a new position in shares of Ramco-Gershenson Properties Trust during the first quarter worth $11,229,000. Hedge funds and other institutional investors own 97.59% of the company’s stock.

Ramco-Gershenson Properties Trust (NYSE RPT) opened at 13.84 on Wednesday. Ramco-Gershenson Properties Trust has a 52 week low of $11.86 and a 52 week high of $19.97. The company has a 50-day moving average of $13.02 and a 200-day moving average of $14.18. The stock has a market cap of $1.10 billion, a P/E ratio of 20.66 and a beta of 0.70.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Tuesday, June 20th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.36%. The ex-dividend date was Friday, June 16th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is 129.41%.

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A number of research analysts recently weighed in on RPT shares. ValuEngine cut shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. KeyCorp restated an “overweight” rating and issued a $16.00 price objective (down previously from $18.00) on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating and issued a $16.00 price objective on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Ramco-Gershenson Properties Trust in a report on Monday, June 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.42.

About Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust is an equity real estate investment trust. The Company’s primary business is the ownership, management, redevelopment, development and operation of retail shopping centers. As of December 31, 2016, it owned and managed multi-anchored shopping centers in 12 metropolitan markets in the United States.

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Institutional Ownership by Quarter for Ramco-Gershenson Properties Trust (NYSE:RPT)

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