Ramco-Gershenson Properties Trust (NYSE:RPT) – Jefferies Group reduced their FY2017 earnings estimates for shares of Ramco-Gershenson Properties Trust in a note issued to investors on Wednesday. Jefferies Group analyst G. Hoglund now forecasts that the firm will earn $1.43 per share for the year, down from their prior forecast of $1.45. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Ramco-Gershenson Properties Trust’s FY2018 earnings at $1.52 EPS.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its earnings results on Tuesday, November 1st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.34. Ramco-Gershenson Properties Trust had a return on equity of 8.35% and a net margin of 25.44%. The business earned $64.08 million during the quarter, compared to analysts’ expectations of $64.53 million. During the same period in the prior year, the firm posted $0.36 EPS. Ramco-Gershenson Properties Trust’s quarterly revenue was up .0% compared to the same quarter last year.

Earnings History and Estimates for Ramco-Gershenson Properties Trust (NYSE:RPT)

A number of other analysts also recently issued reports on RPT. Robert W. Baird downgraded Ramco-Gershenson Properties Trust from an “outperform” rating to a “neutral” rating and set a $20.00 target price on the stock. in a research report on Tuesday, July 19th. They noted that the move was a valuation call. Zacks Investment Research downgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 21st. Finally, Wunderlich boosted their price target on Ramco-Gershenson Properties Trust from $20.00 to $21.50 and gave the stock a “buy” rating in a research report on Friday, August 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Ramco-Gershenson Properties Trust has an average rating of “Hold” and an average target price of $20.36.

Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) traded up 0.65% during trading on Friday, hitting $17.09. The stock had a trading volume of 1,381,842 shares. Ramco-Gershenson Properties Trust has a 12-month low of $15.50 and a 12-month high of $20.24. The stock’s 50-day moving average is $17.59 and its 200-day moving average is $18.52. The stock has a market capitalization of $1.35 billion, a P/E ratio of 22.49 and a beta of 0.85.

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Ramco-Gershenson Properties Trust by 0.4% in the second quarter. Vanguard Group Inc. now owns 12,120,288 shares of the real estate investment trust’s stock worth $237,680,000 after buying an additional 53,610 shares in the last quarter. Cohen & Steers Inc. boosted its stake in shares of Ramco-Gershenson Properties Trust by 20.0% in the second quarter. Cohen & Steers Inc. now owns 9,759,451 shares of the real estate investment trust’s stock worth $209,340,000 after buying an additional 1,629,927 shares in the last quarter. Lasalle Investment Management Securities LLC boosted its stake in shares of Ramco-Gershenson Properties Trust by 0.6% in the second quarter. Lasalle Investment Management Securities LLC now owns 4,593,698 shares of the real estate investment trust’s stock worth $90,082,000 after buying an additional 28,259 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Ramco-Gershenson Properties Trust by 10.8% in the second quarter. Macquarie Group Ltd. now owns 3,246,088 shares of the real estate investment trust’s stock worth $63,656,000 after buying an additional 316,331 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Ramco-Gershenson Properties Trust by 15.0% in the second quarter. Alliancebernstein L.P. now owns 2,695,625 shares of the real estate investment trust’s stock worth $52,861,000 after buying an additional 352,384 shares in the last quarter.

About Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust is an integrated real estate investment trust. The Company’s primary business is the ownership and management of multi-anchored shopping centers primarily in approximately 10 metropolitan markets in the United States. The Company’s property portfolio includes approximately 70 shopping centers and an office building comprising approximately 15.3 million square feet.

5 Day Chart for NYSE:RPT

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