BlackRock Inc. boosted its stake in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 7,078.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,374,857 shares of the real estate investment trust’s stock after buying an additional 10,230,328 shares during the period. BlackRock Inc. owned 13.09% of Ramco-Gershenson Properties Trust worth $145,455,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RPT. Vanguard Group Inc. raised its stake in shares of Ramco-Gershenson Properties Trust by 1.6% in the first quarter. Vanguard Group Inc. now owns 12,457,759 shares of the real estate investment trust’s stock valued at $174,657,000 after buying an additional 201,543 shares during the period. Wellington Management Group LLP raised its stake in shares of Ramco-Gershenson Properties Trust by 63.3% in the first quarter. Wellington Management Group LLP now owns 4,572,116 shares of the real estate investment trust’s stock valued at $64,101,000 after buying an additional 1,773,010 shares during the period. Macquarie Group Ltd. increased its position in Ramco-Gershenson Properties Trust by 11.5% in the fourth quarter. Macquarie Group Ltd. now owns 3,708,689 shares of the real estate investment trust’s stock valued at $61,490,000 after buying an additional 382,052 shares in the last quarter. Alliancebernstein L.P. increased its position in Ramco-Gershenson Properties Trust by 4.9% in the first quarter. Alliancebernstein L.P. now owns 2,624,526 shares of the real estate investment trust’s stock valued at $36,796,000 after buying an additional 121,850 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Ramco-Gershenson Properties Trust by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,112,419 shares of the real estate investment trust’s stock valued at $15,596,000 after buying an additional 48,739 shares in the last quarter.

Shares of Ramco-Gershenson Properties Trust (NYSE RPT) traded down 1.28% on Friday, hitting $13.12. 1,631,492 shares of the company were exchanged. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $19.89. The firm has a market cap of $1.04 billion, a P/E ratio of 32.00 and a beta of 0.71. The company has a 50-day moving average price of $13.50 and a 200 day moving average price of $13.88.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $67.10 million for the quarter, compared to analysts’ expectations of $67.05 million. Ramco-Gershenson Properties Trust had a return on equity of 4.99% and a net margin of 15.05%. Ramco-Gershenson Properties Trust’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share. Analysts predict that Ramco-Gershenson Properties Trust will post $0.23 EPS for the current fiscal year.

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RPT has been the topic of several research reports. Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. ValuEngine downgraded shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Boenning Scattergood set a $13.00 target price on shares of Ramco-Gershenson Properties Trust and gave the stock a “sell” rating in a research note on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, June 20th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Ramco-Gershenson Properties Trust in a research note on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Ramco-Gershenson Properties Trust presently has an average rating of “Buy” and an average price target of $16.00.

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.

Institutional Ownership by Quarter for Ramco-Gershenson Properties Trust (NYSE:RPT)

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