Ramco-Gershenson Properties Trust (RPT) Expected to Announce Earnings of $0.30 Per Share
Brokerages expect that Ramco-Gershenson Properties Trust (NYSE:RPT) will post $0.30 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Ramco-Gershenson Properties Trust’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.32. Ramco-Gershenson Properties Trust reported earnings of $0.31 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 3.2%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, February 20th.
According to Zacks, analysts expect that Ramco-Gershenson Properties Trust will report full year earnings of $1.34 per share for the current fiscal year, with EPS estimates ranging from $1.31 to $1.37. For the next fiscal year, analysts forecast that the business will post earnings of $1.17 per share, with EPS estimates ranging from $1.11 to $1.25. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Ramco-Gershenson Properties Trust.
Several equities analysts recently commented on RPT shares. Zacks Investment Research cut shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Friday, December 14th. ValuEngine raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $13.17.
A number of large investors have recently modified their holdings of RPT. NWQ Investment Management Company LLC grew its stake in Ramco-Gershenson Properties Trust by 44.9% during the third quarter. NWQ Investment Management Company LLC now owns 2,882,349 shares of the real estate investment trust’s stock valued at $38,076,000 after acquiring an additional 893,130 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new position in Ramco-Gershenson Properties Trust during the third quarter valued at approximately $11,526,000. Advisors Asset Management Inc. grew its stake in Ramco-Gershenson Properties Trust by 1,419.0% during the second quarter. Advisors Asset Management Inc. now owns 562,118 shares of the real estate investment trust’s stock valued at $266,000 after acquiring an additional 525,112 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Ramco-Gershenson Properties Trust during the third quarter valued at approximately $6,921,000. Finally, LSV Asset Management purchased a new position in Ramco-Gershenson Properties Trust during the third quarter valued at approximately $3,886,000.
About Ramco-Gershenson Properties Trust
RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's locally-curated consumer experiences reflect the lifestyles of its diverse neighborhoods and match the modern expectations of its retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange under the ticker symbol RPT.
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