Somewhat Positive Media Coverage Somewhat Unlikely to Affect Ramco-Gershenson Properties Trust (RPT) Stock Price
News articles about Ramco-Gershenson Properties Trust (NYSE:RPT) have trended somewhat positive on Monday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ramco-Gershenson Properties Trust earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.1154374934522 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- Ramco Gershenson Properties Trust (NYSE:RPT) Institutional Investors Q4 2016 Sentiment (vothemes.com)
- Ramco-Gershenson Properties Trust (RPT) Expected to Post Quarterly Sales of $65.77 Million (americanbankingnews.com)
- Ramco-Gershenson Properties Trust breached its 50 day moving average in a Bullish Manner : RPT-US : September 8, 2017 (finance.yahoo.com)
- Analysts Expect Ramco-Gershenson Properties Trust (RPT) to Post $0.34 Earnings Per Share (americanbankingnews.com)
- Financial Contrast: Kite Realty Group Trust (KRG) & Ramco-Gershenson Properties Trust (RPT) (americanbankingnews.com)
Shares of Ramco-Gershenson Properties Trust (RPT) traded up 0.59% during trading on Monday, hitting $13.62. 541,705 shares of the company were exchanged. Ramco-Gershenson Properties Trust has a 12 month low of $11.86 and a 12 month high of $19.16. The firm’s 50-day moving average price is $13.56 and its 200 day moving average price is $13.55. The firm has a market capitalization of $1.08 billion, a PE ratio of 33.22 and a beta of 0.73.
Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 EPS for the quarter, topping the 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 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 in the previous year, the firm earned $0.35 EPS. On average, equities research analysts expect that Ramco-Gershenson Properties Trust will post $0.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Wednesday, September 20th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.46%. The ex-dividend date is Tuesday, September 19th. Ramco-Gershenson Properties Trust’s payout ratio is presently 214.64%.
A number of equities analysts have weighed in on RPT shares. ValuEngine lowered shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. KeyCorp reiterated a “buy” rating and issued a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Friday, September 1st. Boenning Scattergood set a $13.00 price target on shares of Ramco-Gershenson Properties Trust and gave the stock a “sell” rating in a research report on Thursday, August 3rd. Robert W. Baird reiterated a “hold” rating and issued a $13.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, August 24th. Finally, Zacks Investment Research upgraded shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $15.57.
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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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