State of Tennessee Treasury Department decreased its position in Ramco-Gershenson Properties Trust (NYSE:RPT) by 9.8% in the 4th quarter, HoldingsChannel reports. The fund owned 63,257 shares of the real estate investment trust’s stock after selling 6,887 shares during the quarter. State of Tennessee Treasury Department’s holdings in Ramco-Gershenson Properties Trust were worth $932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH bought a new stake in shares of Ramco-Gershenson Properties Trust in the 3rd quarter worth $264,000. SG Americas Securities LLC lifted its holdings in shares of Ramco-Gershenson Properties Trust by 164.1% in the third quarter. SG Americas Securities LLC now owns 25,787 shares of the real estate investment trust’s stock worth $335,000 after buying an additional 16,023 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Ramco-Gershenson Properties Trust in the fourth quarter worth about $400,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Ramco-Gershenson Properties Trust by 59.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 29,770 shares of the real estate investment trust’s stock worth $387,000 after buying an additional 11,080 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its holdings in shares of Ramco-Gershenson Properties Trust by 354.9% in the fourth quarter. Pinebridge Investments L.P. now owns 44,800 shares of the real estate investment trust’s stock worth $660,000 after buying an additional 34,952 shares in the last quarter.

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In related news, CEO Dennis Earl Gershenson bought 25,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average cost of $14.58 per share, with a total value of $364,500.00. Following the completion of the purchase, the chief executive officer now directly owns 529,454 shares of the company’s stock, valued at approximately $7,719,439.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.57% of the company’s stock.

Shares of Ramco-Gershenson Properties Trust (RPT) opened at $12.09 on Wednesday. The firm has a market cap of $959.65, a P/E ratio of 16.34, a P/E/G ratio of 2.21 and a beta of 0.67. Ramco-Gershenson Properties Trust has a one year low of $11.36 and a one year high of $15.00.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). The company had revenue of $64.26 million during the quarter, compared to analysts’ expectations of $65.81 million. Ramco-Gershenson Properties Trust had a net margin of 26.05% and a return on equity of 8.75%. analysts predict that Ramco-Gershenson Properties Trust will post 1.34 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Tuesday, March 20th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date of this dividend is Monday, March 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio is currently 118.92%.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Jefferies Group set a $14.00 price target on shares of Ramco-Gershenson Properties Trust and gave the stock a “hold” rating in a report on Wednesday, December 13th. ValuEngine downgraded shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Boenning Scattergood reaffirmed a “sell” rating on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, February 22nd. Finally, B. Riley reaffirmed a “buy” rating and issued a $14.00 target price (down from $15.50) on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.00.

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

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