Ramco-Gershenson Properties Trust (NYSE:RPT) Given Price Target Of $20.681


As per Ramco-Gershenson Properties Trust (NYSE:RPT)’s news release on 2016-09-07, its shareholders will get cash dividend of $0.22 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-20 and 2016-10-01, respectively.

The stock will commence trading ex-dividend from 2016-09-16, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Ramco-Gershenson Properties Trust (NYSE:RPT) disbursed $0.22 in dividend compared to distribution of $0.22, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 5.8065%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Ramco-Gershenson Properties Trust (NYSE:RPT) to attain a price target of $20.681. It is an average estimate figure given by 11 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $23. The low price range is set at $17 for next year while the arithmetic mean is seen at 2.09.

Eyeing Earnings Ramco-Gershenson Properties Trust (NYSE:RPT) is likely to post quarterly numbers around 2016-10-25 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.33 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Ramco-Gershenson Properties Trust (NYSE:RPT) earnings came at $0.35 suggesting a deviation of $0.02. The brokerages targeted EPS of $0.33 for the quarter.

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