Ramco-Gershenson Properties Trust (RPT) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Ramco-Gershenson Properties Trust (NYSE:RPT) from a sell rating to a hold rating in a research note released on Wednesday morning.

According to Zacks, “Ramco-Gershenson Properties Trust is engaged in the business of owning, developing, acquiring, managing and leasing community shopping centers, regional malls and single tenant retail properties, nationally. “

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A number of other research firms have also commented on RPT. Boenning Scattergood set a $13.00 price objective on Ramco-Gershenson Properties Trust and gave the stock a sell rating in a research note on Wednesday, December 13th. Raymond James Financial reiterated a hold rating on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, December 12th. B. Riley reiterated a buy rating and issued a $14.00 price objective (down from $15.50) on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, February 22nd. Jefferies Group set a $13.00 price objective on Ramco-Gershenson Properties Trust and gave the stock a hold rating in a research note on Tuesday, February 27th. Finally, ValuEngine lowered Ramco-Gershenson Properties Trust from a buy rating to a hold rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $14.00.

Shares of RPT stock opened at $11.85 on Wednesday. Ramco-Gershenson Properties Trust has a 12-month low of $11.36 and a 12-month high of $15.00. The firm has a market capitalization of $939.81, a PE ratio of 15.59, a price-to-earnings-growth ratio of 2.18 and a beta of 0.67.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). The business had revenue of $64.26 million during the quarter, compared to the consensus estimate of $65.81 million. Ramco-Gershenson Properties Trust had a return on equity of 8.75% and a net margin of 26.05%. equities research analysts predict that Ramco-Gershenson Properties Trust will post 1.33 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Tuesday, March 20th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 19th. This represents a $0.88 annualized dividend and a yield of 7.43%. Ramco-Gershenson Properties Trust’s dividend payout ratio is 115.79%.

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Ramco-Gershenson Properties Trust by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 777,486 shares of the real estate investment trust’s stock valued at $10,177,000 after acquiring an additional 61,570 shares during the period. BlackRock Inc. increased its stake in Ramco-Gershenson Properties Trust by 3.4% during the fourth quarter. BlackRock Inc. now owns 13,628,931 shares of the real estate investment trust’s stock valued at $200,754,000 after acquiring an additional 446,460 shares during the period. RMR Advisors LLC increased its stake in Ramco-Gershenson Properties Trust by 155.2% during the fourth quarter. RMR Advisors LLC now owns 82,220 shares of the real estate investment trust’s stock valued at $1,211,000 after acquiring an additional 50,000 shares during the period. First Trust Advisors LP increased its stake in Ramco-Gershenson Properties Trust by 5.4% during the third quarter. First Trust Advisors LP now owns 180,601 shares of the real estate investment trust’s stock valued at $2,350,000 after acquiring an additional 9,294 shares during the period. Finally, Legal & General Group Plc increased its stake in Ramco-Gershenson Properties Trust by 6.6% during the third quarter. Legal & General Group Plc now owns 347,981 shares of the real estate investment trust’s stock valued at $4,528,000 after acquiring an additional 21,524 shares during the period.

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Ramco-Gershenson Properties Trust Company Profile

Ramco-Gershenson Properties Trust is an equity real estate investment trust. The Company’s primary business is the ownership, management, redevelopment, development and operation of retail shopping centers. As of December 31, 2016, it owned and managed multi-anchored shopping centers in 12 metropolitan markets in the United States.

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Analyst Recommendations for Ramco-Gershenson Properties Trust (NYSE:RPT)

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