FY2019 EPS Estimates for Ramco-Gershenson Properties Trust Decreased by Analyst (RPT)
Ramco-Gershenson Properties Trust (NYSE:RPT) – Equities research analysts at Jefferies Group dropped their FY2019 earnings per share (EPS) estimates for shares of Ramco-Gershenson Properties Trust in a research report issued on Friday. Jefferies Group analyst G. Hoglund now expects that the real estate investment trust will earn $1.36 per share for the year, down from their prior estimate of $1.39. Jefferies Group currently has a “Hold” rating and a $13.00 target price on the stock.
Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The firm had revenue of $67.10 million for the quarter, compared to analyst estimates of $67.05 million. Ramco-Gershenson Properties Trust had a return on equity of 4.99% and a net margin of 15.05%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. TRADEMARK VIOLATION NOTICE: “FY2019 EPS Estimates for Ramco-Gershenson Properties Trust Decreased by Analyst (RPT)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/18/fy2019-eps-estimates-for-ramco-gershenson-properties-trust-decreased-by-analyst-rpt.html.
Several other equities analysts also recently weighed in on the company. KeyCorp reaffirmed an “overweight” rating and issued a $16.00 price objective (down from $18.00) on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, June 28th. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. ValuEngine raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Robert W. Baird reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, August 24th. Finally, BidaskClub raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Ramco-Gershenson Properties Trust presently has an average rating of “Hold” and an average target price of $15.14.
Shares of Ramco-Gershenson Properties Trust (RPT) opened at 13.52 on Monday. The stock has a 50 day moving average price of $13.53 and a 200-day moving average price of $13.50. Ramco-Gershenson Properties Trust has a 52 week low of $11.86 and a 52 week high of $19.05. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 32.98 and a beta of 0.73.
A number of large investors have recently made changes to their positions in RPT. Tower Research Capital LLC TRC acquired a new stake in Ramco-Gershenson Properties Trust during the 2nd quarter valued at $116,000. Bank of Montreal Can grew its holdings in Ramco-Gershenson Properties Trust by 300.8% during the 2nd quarter. Bank of Montreal Can now owns 9,295 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 6,976 shares during the last quarter. ProShare Advisors LLC grew its holdings in Ramco-Gershenson Properties Trust by 414.7% during the 1st quarter. ProShare Advisors LLC now owns 65,141 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 52,485 shares during the last quarter. Amalgamated Bank acquired a new stake in Ramco-Gershenson Properties Trust during the 2nd quarter valued at $138,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Ramco-Gershenson Properties Trust during the 2nd quarter valued at $179,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Wednesday, September 20th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date of this dividend is Tuesday, September 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 214.64%.
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.
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