Ramco-Gershenson Properties Trust (NYSE:RPT) has been assigned a consensus rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $13.14.
Several analysts have commented on the stock. ValuEngine raised shares of Ramco-Gershenson Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th. Zacks Investment Research lowered shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 12th. Finally, KeyCorp set a $15.00 price target on shares of Ramco-Gershenson Properties Trust and gave the company a “buy” rating in a research report on Wednesday, August 15th.
NYSE:RPT traded up $0.05 during mid-day trading on Friday, reaching $13.59. The company’s stock had a trading volume of 18,455 shares, compared to its average volume of 661,334. Ramco-Gershenson Properties Trust has a 1 year low of $11.15 and a 1 year high of $15.00. The firm has a market cap of $1.07 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.60. 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 (NYSE:RPT) last released its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $69.97 million during the quarter, compared to analysts’ expectations of $62.91 million. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. sell-side analysts anticipate that Ramco-Gershenson Properties Trust will post 1.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Thursday, September 20th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend is Wednesday, September 19th. Ramco-Gershenson Properties Trust’s payout ratio is 64.71%.
Institutional investors have recently made changes to their positions in the stock. Assetmark Inc. purchased a new position in shares of Ramco-Gershenson Properties Trust in the 2nd quarter valued at approximately $131,000. SG Americas Securities LLC purchased a new position in shares of Ramco-Gershenson Properties Trust in the 1st quarter valued at approximately $136,000. Laurion Capital Management LP purchased a new position in shares of Ramco-Gershenson Properties Trust in the 2nd quarter valued at approximately $172,000. Brinker Capital Inc. raised its position in shares of Ramco-Gershenson Properties Trust by 47.9% in the 1st quarter. Brinker Capital Inc. now owns 15,055 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 4,876 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Ramco-Gershenson Properties Trust in the 2nd quarter valued at approximately $224,000.
Ramco-Gershenson Properties Trust Company Profile
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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