Ramco-Gershenson Properties Trust (NYSE:RPT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Ramco-Gershenson Properties Trust is engaged in the business of owning, developing, acquiring, managing and leasing community shopping centers, regional malls and single tenant retail properties, nationally. “

Several other equities analysts have also weighed in on the company. ValuEngine raised Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. KeyCorp reissued a “buy” rating and issued a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, October 4th. Jefferies Group LLC lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and cut their target price for the company from $16.00 to $13.00 in a research note on Friday, September 15th. Robert W. Baird reissued a “hold” rating and issued a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, August 24th. Finally, Boenning Scattergood set a $13.00 target price on Ramco-Gershenson Properties Trust and gave the company a “sell” rating in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $15.14.

Ramco-Gershenson Properties Trust (NYSE:RPT) traded up 0.52% during mid-day trading on Wednesday, reaching $13.48. The company’s stock had a trading volume of 341,719 shares. The stock’s 50 day moving average is $13.23 and its 200 day moving average is $13.34. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 32.88 and a beta of 0.74. Ramco-Gershenson Properties Trust has a 12 month low of $11.86 and a 12 month high of $17.89.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Ramco-Gershenson Properties Trust had a return on equity of 4.99% and a net margin of 15.05%. The firm had revenue of $67.10 million for the quarter, compared to analyst estimates of $67.05 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Equities research analysts predict that Ramco-Gershenson Properties Trust will post $0.31 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in RPT. BlackRock Inc. raised its position in shares of Ramco-Gershenson Properties Trust by 7,078.4% during the first quarter. BlackRock Inc. now owns 10,374,857 shares of the real estate investment trust’s stock worth $145,455,000 after purchasing an additional 10,230,328 shares during the period. Principal Financial Group Inc. raised its position in shares of Ramco-Gershenson Properties Trust by 15,951.1% during the second quarter. Principal Financial Group Inc. now owns 2,953,395 shares of the real estate investment trust’s stock worth $38,100,000 after purchasing an additional 2,934,995 shares during the period. Wellington Management Group LLP raised its position in shares of Ramco-Gershenson Properties Trust by 63.3% during the first quarter. Wellington Management Group LLP now owns 4,572,116 shares of the real estate investment trust’s stock worth $64,101,000 after purchasing an additional 1,773,010 shares during the period. Sorin Capital Management LLC acquired a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter worth about $17,036,000. Finally, Prudential Financial Inc. raised its position in shares of Ramco-Gershenson Properties Trust by 1,638.9% during the second quarter. Prudential Financial Inc. now owns 1,390,766 shares of the real estate investment trust’s stock worth $17,941,000 after purchasing an additional 1,310,786 shares during the period. 98.69% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Ramco-Gershenson Properties Trust (NYSE:RPT)

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