Virginia Retirement Systems ET AL increased its stake in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 14.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 266,900 shares of the real estate investment trust’s stock after buying an additional 33,900 shares during the period. Virginia Retirement Systems ET AL owned approximately 0.34% of Ramco-Gershenson Properties Trust worth $3,443,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted 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 in the last quarter. BlackRock Inc. boosted its stake in shares of Ramco-Gershenson Properties Trust by 7,078.4% in the first quarter. BlackRock Inc. now owns 10,374,857 shares of the real estate investment trust’s stock valued at $145,455,000 after buying an additional 10,230,328 shares in the last quarter. Wellington Management Group LLP boosted 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 in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Ramco-Gershenson Properties Trust by 14.9% in the first quarter. Macquarie Group Ltd. now owns 4,260,160 shares of the real estate investment trust’s stock valued at $59,728,000 after buying an additional 551,471 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of 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.

Shares of Ramco-Gershenson Properties Trust (RPT) opened at 13.40 on Monday. The firm has a 50-day moving average price of $13.53 and a 200 day moving average price of $13.77. The stock has a market cap of $1.06 billion, a PE ratio of 32.68 and a beta of 0.71. Ramco-Gershenson Properties Trust has a 12-month low of $11.86 and a 12-month high of $19.89.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Ramco-Gershenson Properties Trust had a net margin of 15.05% and a return on equity of 4.99%. The firm had revenue of $67.10 million during the quarter, compared to the consensus estimate of $67.05 million. During the same quarter last year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities research analysts expect that Ramco-Gershenson Properties Trust will post $0.25 earnings per share for the current year.

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Several equities research analysts recently weighed in on RPT shares. Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Friday, July 28th. ValuEngine upgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Jefferies Group LLC restated a “buy” rating and set a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, June 20th. Boenning Scattergood set a $13.00 target price on Ramco-Gershenson Properties Trust and gave the company a “sell” rating in a report on Thursday, August 3rd. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Ramco-Gershenson Properties Trust in a report on Monday, June 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Ramco-Gershenson Properties Trust currently has an average rating of “Hold” and a consensus price target of $15.57.

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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