Boenning Scattergood set a $13.00 target price on Ramco-Gershenson Properties Trust (NYSE:RPT) in a research report sent to investors on Thursday morning. The brokerage currently has a sell rating on the real estate investment trust’s stock.

RPT has been the topic of several other research reports. Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a sell rating to a hold rating in a research note on Wednesday, April 26th. ValuEngine downgraded shares of Ramco-Gershenson Properties Trust from a buy rating to a hold rating in a research note on Friday, June 2nd. Jefferies Group LLC reaffirmed a buy rating and issued a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, June 20th. Raymond James Financial, Inc. reaffirmed a market perform rating on shares of Ramco-Gershenson Properties Trust in a research note on Monday, June 12th. Finally, BidaskClub raised shares of Ramco-Gershenson Properties Trust from a hold rating to a buy rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $16.00.

Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) traded up 2.34% during midday trading on Thursday, hitting $13.99. 436,337 shares of the stock were exchanged. The firm has a 50 day moving average of $13.19 and a 200-day moving average of $14.07. Ramco-Gershenson Properties Trust has a 12 month low of $11.86 and a 12 month high of $19.89. The stock has a market cap of $1.11 billion, a P/E ratio of 34.12 and a beta of 0.71.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $67.10 million for the quarter, compared to the consensus estimate of $67.05 million. Ramco-Gershenson Properties Trust had a net margin of 15.05% and a return on equity of 4.99%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 EPS. Equities research analysts anticipate that Ramco-Gershenson Properties Trust will post $0.25 EPS for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in Ramco-Gershenson Properties Trust during the fourth quarter worth approximately $14,119,000. Teachers Advisors LLC increased its position in Ramco-Gershenson Properties Trust by 101.7% in the fourth quarter. Teachers Advisors LLC now owns 597,756 shares of the real estate investment trust’s stock worth $9,911,000 after buying an additional 301,400 shares during the period. Pensionfund Sabic increased its position in Ramco-Gershenson Properties Trust by 83.1% in the first quarter. Pensionfund Sabic now owns 55,100 shares of the real estate investment trust’s stock worth $773,000 after buying an additional 25,000 shares during the period. Pensionfund DSM Netherlands increased its position in Ramco-Gershenson Properties Trust by 61.8% in the first quarter. Pensionfund DSM Netherlands now owns 138,782 shares of the real estate investment trust’s stock worth $1,946,000 after buying an additional 53,000 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in Ramco-Gershenson Properties Trust during the first quarter worth approximately $144,000. 97.07% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Ramco-Gershenson Properties Trust (NYSE:RPT)

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