Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) have earned a consensus rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $13.14.

Several analysts have commented on the stock. ValuEngine upgraded shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. KeyCorp set a $15.00 target price on shares of Ramco-Gershenson Properties Trust and gave the company a “buy” rating in a research note on Wednesday, August 15th. Finally, Zacks Investment Research downgraded shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th.

RPT traded down $0.14 on Friday, hitting $13.75. The company had a trading volume of 670,770 shares, compared to its average volume of 716,779. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.43 and a quick ratio of 0.43. Ramco-Gershenson Properties Trust has a 52-week low of $11.15 and a 52-week high of $15.00. The firm has a market capitalization of $1.11 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 2.18 and a beta of 0.60.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.20). Ramco-Gershenson Properties Trust had a return on equity of 7.83% and a net margin of 23.37%. The company had revenue of $69.97 million during the quarter, compared to analysts’ expectations of $62.91 million. During the same quarter last year, the business earned $0.35 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. analysts expect that Ramco-Gershenson Properties Trust will post 1.38 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Thursday, September 20th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend is Wednesday, September 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio is 64.71%.

Several hedge funds and other institutional investors have recently made changes to their positions in RPT. Assetmark Inc. bought a new position in shares of Ramco-Gershenson Properties Trust during the second quarter valued at approximately $131,000. SG Americas Securities LLC bought a new stake in shares of Ramco-Gershenson Properties Trust during the first quarter valued at approximately $136,000. Laurion Capital Management LP bought a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter valued at approximately $172,000. Brinker Capital Inc. increased its position in shares of Ramco-Gershenson Properties Trust by 47.9% during the first quarter. Brinker Capital Inc. now owns 15,055 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 4,876 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter valued at approximately $224,000.

About Ramco-Gershenson Properties Trust

RAMCO (NYSE:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company's primary business is the ownership and management of regional town centers, urban infill properties and neighborhood shopping centers primarily located in 15 of the 40 largest metropolitan markets in the United States.

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

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