Ramco-Gershenson Properties Trust (NYSE:RPT) – Research analysts at DA Davidson boosted their FY2017 earnings per share estimates for shares of Ramco-Gershenson Properties Trust in a research note issued on Thursday. DA Davidson analyst J. Lykins now forecasts that the real estate investment trust will post earnings of $1.37 per share for the year, up from their previous estimate of $1.36. DA Davidson also issued estimates for Ramco-Gershenson Properties Trust’s FY2018 earnings at $1.48 EPS.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Ramco-Gershenson Properties Trust had a net margin of 15.05% and a return on equity of 4.99%. The company had revenue of $67.10 million during the quarter, compared to analyst estimates of $67.05 million. During the same quarter last year, the business posted $0.35 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis.

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Other research analysts have also issued research reports about the stock. KeyCorp reaffirmed an “overweight” rating and set a $16.00 target price (down previously from $18.00) on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, June 28th. Zacks Investment Research lowered shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. BidaskClub raised shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. FBR & Co reissued an “outperform” rating and set a $15.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Tuesday, July 11th. Finally, ValuEngine raised shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $16.00.

Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) opened at 14.03 on Monday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 34.22 and a beta of 0.71. The company’s 50-day moving average is $13.19 and its 200-day moving average is $14.07. Ramco-Gershenson Properties Trust has a one year low of $11.86 and a one year high of $19.89.

A number of hedge funds have recently modified their holdings of RPT. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Ramco-Gershenson Properties Trust by 0.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,953 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 100 shares during the period. Janus Capital Management LLC raised its position in shares of Ramco-Gershenson Properties Trust by 0.6% in the first quarter. Janus Capital Management LLC now owns 171,469 shares of the real estate investment trust’s stock worth $2,404,000 after buying an additional 1,103 shares during the period. Advisors Asset Management Inc. raised its position in shares of Ramco-Gershenson Properties Trust by 4.4% in the first quarter. Advisors Asset Management Inc. now owns 41,185 shares of the real estate investment trust’s stock worth $577,000 after buying an additional 1,734 shares during the period. US Bancorp DE raised its position in shares of Ramco-Gershenson Properties Trust by 11.7% in the first quarter. US Bancorp DE now owns 18,806 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 1,973 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Ramco-Gershenson Properties Trust by 2.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 77,655 shares of the real estate investment trust’s stock worth $1,002,000 after buying an additional 1,974 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Ramco-Gershenson Properties Trust Company Profile

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.

Earnings History and Estimates for Ramco-Gershenson Properties Trust (NYSE:RPT)

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