Ramco-Gershenson Properties Trust’s (RPT) Buy Rating Reiterated at Jefferies Group
A number of other brokerages have also recently commented on RPT. Robert W. Baird cut Ramco-Gershenson Properties Trust from an outperform rating to a neutral rating and set a $20.00 target price for the company. in a report on Tuesday, July 19th. They noted that the move was a valuation call. Zacks Investment Research cut Ramco-Gershenson Properties Trust from a hold rating to a sell rating in a report on Thursday, July 21st. Finally, Wunderlich increased their target price on Ramco-Gershenson Properties Trust from $20.00 to $21.50 and gave the company a buy rating in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $20.36.
Ramco-Gershenson Properties Trust (NYSE:RPT) opened at 17.09 on Wednesday. The stock has a market cap of $1.35 billion, a PE ratio of 22.49 and a beta of 0.85. Ramco-Gershenson Properties Trust has a 12-month low of $15.50 and a 12-month high of $20.24. The company’s 50-day moving average price is $17.59 and its 200-day moving average price is $18.52.
Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its earnings results on Tuesday, November 1st. The real estate investment trust reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.36 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that Ramco-Gershenson Properties Trust will post $1.36 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. acquired a new stake in Ramco-Gershenson Properties Trust during the third quarter valued at about $31,303,000. Cohen & Steers Inc. raised its position in 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 valued at $209,340,000 after buying an additional 1,629,927 shares in the last quarter. Principal Financial Group Inc. raised its position in Ramco-Gershenson Properties Trust by 2,734.4% in the third quarter. Principal Financial Group Inc. now owns 990,138 shares of the real estate investment trust’s stock valued at $18,555,000 after buying an additional 955,205 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in Ramco-Gershenson Properties Trust during the second quarter valued at approximately $15,195,000. Finally, Thompson Siegel & Walmsley LLC purchased a new position in Ramco-Gershenson Properties Trust during the second quarter valued at approximately $12,726,000.
Ramco-Gershenson Properties Trust Company Profile
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.
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