Ramco-Gershenson Properties Trust (RPT) Receives Average Rating of “Hold” from Analysts

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Ramco-Gershenson Properties Trust (NYSE:RPT) has received an average rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $13.00.

RPT has been the topic of several research analyst reports. Zacks Investment Research cut shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Friday, December 14th. ValuEngine raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd.

Institutional investors and hedge funds have recently bought and sold shares of the company. Flinton Capital Management LLC bought a new stake in shares of Ramco-Gershenson Properties Trust in the fourth quarter worth $29,000. TCW Group Inc. bought a new stake in Ramco-Gershenson Properties Trust during the third quarter valued at $377,000. Russell Investments Group Ltd. boosted its holdings in shares of Ramco-Gershenson Properties Trust by 33.1% during the third quarter. Russell Investments Group Ltd. now owns 35,324 shares of the real estate investment trust’s stock valued at $480,000 after acquiring an additional 8,790 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Ramco-Gershenson Properties Trust by 97.9% during the third quarter. State of Alaska Department of Revenue now owns 51,799 shares of the real estate investment trust’s stock valued at $703,000 after acquiring an additional 25,627 shares during the period. Finally, MetLife Investment Advisors LLC boosted its holdings in shares of Ramco-Gershenson Properties Trust by 53.2% during the third quarter. MetLife Investment Advisors LLC now owns 58,180 shares of the real estate investment trust’s stock valued at $791,000 after acquiring an additional 20,204 shares during the period.

Shares of Ramco-Gershenson Properties Trust stock traded down $0.04 during mid-day trading on Wednesday, hitting $13.36. 311,498 shares of the stock were exchanged, compared to its average volume of 662,578. Ramco-Gershenson Properties Trust has a twelve month low of $11.15 and a twelve month high of $14.42. The stock has a market capitalization of $1.07 billion, a P/E ratio of 9.82, a P/E/G ratio of 3.42 and a beta of 0.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.57 and a quick ratio of 0.57.

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.

Further Reading: Leveraged Buyout (LBO) Explained

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

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