Voya Investment Management LLC boosted its position in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 16.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,768 shares of the real estate investment trust’s stock after purchasing an additional 4,439 shares during the period. Voya Investment Management LLC’s holdings in Ramco-Gershenson Properties Trust were worth $410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. OxFORD Asset Management LLP boosted its position in Ramco-Gershenson Properties Trust by 206.8% during the second quarter. OxFORD Asset Management LLP now owns 104,133 shares of the real estate investment trust’s stock valued at $1,343,000 after purchasing an additional 70,196 shares during the last quarter. Castle Ridge Investment Management LP bought a new position in Ramco-Gershenson Properties Trust during the second quarter valued at about $4,588,000. Dimensional Fund Advisors LP raised its holdings in Ramco-Gershenson Properties Trust by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,159,568 shares of the real estate investment trust’s stock valued at $14,959,000 after buying an additional 47,149 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in Ramco-Gershenson Properties Trust by 67.1% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,510 shares of the real estate investment trust’s stock valued at $871,000 after buying an additional 27,100 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new position in Ramco-Gershenson Properties Trust during the second quarter valued at about $301,000. 98.53% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have 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 lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and set a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Monday, October 16th. Robert W. Baird reiterated a “hold” rating and issued a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, November 1st. Finally, KeyCorp reiterated a “buy” rating and issued a $16.00 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $14.94.

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Ramco-Gershenson Properties Trust (NYSE RPT) opened at $13.74 on Friday. Ramco-Gershenson Properties Trust has a 12 month low of $11.86 and a 12 month high of $17.56. The stock has a market capitalization of $1,064.30, a PE ratio of 9.79, a P/E/G ratio of 2.38 and a beta of 0.76.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Ramco-Gershenson Properties Trust had a return on equity of 6.96% and a net margin of 20.75%. The firm had revenue of $64.93 million for the quarter, compared to analyst estimates of $66.07 million. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. equities analysts forecast that Ramco-Gershenson Properties Trust will post 1.36 EPS for the current fiscal year.

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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