Employees Retirement System of Texas continued to hold its position in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the real estate investment trust’s stock at the close of the second quarter. Employees Retirement System of Texas owned 0.13% of Ramco-Gershenson Properties Trust worth $1,290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RPT. Prudential Financial Inc. grew its holdings 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 valued at $17,941,000 after buying an additional 1,310,786 shares during the last quarter. Davis Selected Advisers grew its holdings in shares of Ramco-Gershenson Properties Trust by 18.1% during the second quarter. Davis Selected Advisers now owns 207,051 shares of the real estate investment trust’s stock valued at $2,671,000 after buying an additional 31,691 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Ramco-Gershenson Properties Trust by 73.3% during the second quarter. Legal & General Group Plc now owns 326,457 shares of the real estate investment trust’s stock valued at $4,213,000 after buying an additional 138,097 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter valued at $1,465,000. Finally, AXA purchased a new stake in shares of Ramco-Gershenson Properties Trust during the first quarter valued at $555,000. 98.69% of the stock is currently owned by institutional investors and hedge funds.

Ramco-Gershenson Properties Trust (NYSE RPT) opened at 13.50 on Friday. The company’s 50-day moving average is $13.24 and its 200-day moving average is $13.33. The firm has a market capitalization of $1.07 billion, a P/E ratio of 32.93 and a beta of 0.74. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $17.89.

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

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Wednesday, September 20th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date of this dividend was Tuesday, September 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is 214.64%.

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A number of brokerages have recently weighed in on RPT. Zacks Investment Research lowered shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine raised shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. KeyCorp reissued a “buy” rating and set a $16.00 price objective on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, October 4th. Jefferies Group LLC lowered shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and dropped their price objective for the company from $16.00 to $13.00 in a report on Friday, September 15th. Finally, Robert W. Baird reissued a “hold” rating and set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a report on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.14.

Ramco-Gershenson Properties Trust 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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