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.

NYSE RPT opened at $13.43 on Friday. Ramco-Gershenson Properties Trust has a 12-month low of $11.15 and a 12-month high of $14.42. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $1.07 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 3.41 and a beta of 0.79.

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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Earnings History and Estimates for Ramco-Gershenson Properties Trust (NYSE:RPT)

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