Ramco-Gershenson Properties Trust (NYSE:RPT) Updates On Dividend Release Date


On 2016-07-26, Ramco-Gershenson Properties Trust (NYSE:RPT) confirmed the dividend disbursement of $0.21 a share to shareholders as on record 2016-06-20. The firm will release dividend on 2016-07-01 while ex-dividend date is reported to be 2016-06-16.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Ramco-Gershenson Properties Trust (NYSE:RPT) paid a total of $0.21 per share in dividends. This figure stood at $0.21 a share in the same period a year ago indicating a deviation of 5.8065%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $20.681 on the stock. This figure is the average of recommendations offered by 11 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $23 and $17, respectively.

Taking the mathematical rating formula, the price for Ramco-Gershenson Properties Trust (NYSE:RPT) stands at 2.09. Earnings Review Ramco-Gershenson Properties Trust (NYSE:RPT) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-25. For the period ending on 2016-09-30, experts are expecting EPS of $0.33.

Coming to the quarter ending on 2015-12-31, Ramco-Gershenson Properties Trust (NYSE:RPT) recorded EPS of $0.35. The reported numbers came lower than the analysts’ estimates of $0.33, demonstrating a miss of $0.02 as against reported figures.

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