Ramco-Gershenson Properties Trust (NYSE:RPT) declared a quarterly dividend on Thursday, March 1st, Wall Street Journal reports. Investors of record on Tuesday, March 20th will be given a dividend of 0.22 per share by the real estate investment trust on Monday, April 2nd. This represents a $0.88 annualized dividend and a dividend yield of 7.28%. The ex-dividend date is Monday, March 19th.

Ramco-Gershenson Properties Trust has increased its dividend payment by an average of 4.9% per year over the last three years and has increased its dividend every year for the last 5 years. Ramco-Gershenson Properties Trust has a payout ratio of 64.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Ramco-Gershenson Properties Trust to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 63.3%.

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Ramco-Gershenson Properties Trust (RPT) opened at $12.09 on Wednesday. The company has a market cap of $959.65, a P/E ratio of 8.96, a P/E/G ratio of 2.22 and a beta of 0.67. Ramco-Gershenson Properties Trust has a 52 week low of $11.36 and a 52 week high of $15.00.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.09). The firm had revenue of $64.26 million for the quarter, compared to the consensus estimate of $65.81 million. Ramco-Gershenson Properties Trust had a return on equity of 8.75% and a net margin of 26.05%. equities analysts expect that Ramco-Gershenson Properties Trust will post 1.34 earnings per share for the current year.

In related news, CEO Dennis Earl Gershenson purchased 25,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were acquired at an average price of $14.58 per share, for a total transaction of $364,500.00. Following the purchase, the chief executive officer now owns 529,454 shares of the company’s stock, valued at approximately $7,719,439.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.57% of the company’s stock.

RPT has been the subject of several recent analyst reports. Raymond James Financial reiterated a “hold” rating on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, December 12th. Boenning Scattergood set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the stock a “sell” rating in a research note on Wednesday, December 13th. Jefferies Group set a $14.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the stock a “hold” rating in a research note on Wednesday, December 13th. ValuEngine lowered shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research lowered shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Ramco-Gershenson Properties Trust currently 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.

Dividend History for Ramco-Gershenson Properties Trust (NYSE:RPT)

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