Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) have been assigned a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $16.00.

RPT has been the subject of several recent research reports. KeyCorp reaffirmed an “overweight” rating and set a $16.00 target price (down from $18.00) on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, June 28th. ValuEngine lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, June 20th. Finally, FBR & Co reaffirmed an “outperform” rating and set a $15.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, July 11th.

Ramco-Gershenson Properties Trust (NYSE RPT) traded down 2.21% during midday trading on Friday, reaching $13.30. The company’s stock had a trading volume of 692,465 shares. The company has a 50 day moving average of $13.43 and a 200-day moving average of $13.98. Ramco-Gershenson Properties Trust has a 1-year low of $11.86 and a 1-year high of $19.89. The company has a market capitalization of $1.06 billion, a P/E ratio of 32.44 and a beta of 0.71.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its earnings results on Tuesday, August 1st. 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 company had revenue of $67.10 million during the quarter, compared to analyst estimates of $67.05 million. Ramco-Gershenson Properties Trust had a return on equity of 2.28% and a net margin of 9.32%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 earnings per share. Equities research analysts anticipate that Ramco-Gershenson Properties Trust will post $0.25 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of RPT. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position 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 worth $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. California Public Employees Retirement System raised its position in shares of Ramco-Gershenson Properties Trust by 1.5% in the second quarter. California Public Employees Retirement System now owns 127,513 shares of the real estate investment trust’s stock worth $1,645,000 after buying an additional 1,900 shares during the period. Finally, 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. 96.79% of the stock is owned by institutional investors and hedge funds.

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.

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

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