Boothbay Fund Management LLC reduced its position in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 29.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,908 shares of the real estate investment trust’s stock after selling 25,461 shares during the period. Boothbay Fund Management LLC owned 0.08% of Ramco-Gershenson Properties Trust worth $792,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. InvenTrust Properties Corp. acquired a new stake in shares of Ramco-Gershenson Properties Trust during the 2nd quarter worth about $1,055,000. BlackRock Inc. boosted its position in shares of Ramco-Gershenson Properties Trust by 8.2% in the second quarter. BlackRock Inc. now owns 11,230,214 shares of the real estate investment trust’s stock worth $144,866,000 after acquiring an additional 855,357 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Ramco-Gershenson Properties Trust by 1,638.9% in 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 acquiring an additional 1,310,786 shares during the last quarter. Davis Selected Advisers boosted its position in shares of Ramco-Gershenson Properties Trust by 18.1% in the second quarter. Davis Selected Advisers now owns 207,051 shares of the real estate investment trust’s stock worth $2,671,000 after acquiring an additional 31,691 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Ramco-Gershenson Properties Trust by 73.3% in the second quarter. Legal & General Group Plc now owns 326,457 shares of the real estate investment trust’s stock worth $4,213,000 after acquiring an additional 138,097 shares during the last quarter. 98.53% of the stock is currently owned by institutional investors.

Ramco-Gershenson Properties Trust (NYSE:RPT) traded up $0.18 during mid-day trading on Friday, reaching $14.49. 438,762 shares of the company’s stock traded hands, compared to its average volume of 425,630. Ramco-Gershenson Properties Trust has a 12-month low of $11.86 and a 12-month high of $17.42. The company has a market capitalization of $1,137.31, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 2.35 and a beta of 0.81.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. The firm had revenue of $64.93 million during the quarter, compared to analyst estimates of $66.07 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. equities analysts predict that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Wednesday, December 20th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.07%. The ex-dividend date is Tuesday, December 19th. Ramco-Gershenson Properties Trust’s payout ratio is currently 149.15%.

A number of brokerages have weighed in on RPT. Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. Jefferies Group cut shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and reduced their price target for the company from $16.00 to $13.00 in a research report on Friday, September 15th. KeyCorp reaffirmed a “buy” rating and set a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, October 4th. ValuEngine cut shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Robert W. Baird reiterated a “hold” rating and set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.94.

TRADEMARK VIOLATION NOTICE: “Boothbay Fund Management LLC Sells 25,461 Shares of Ramco-Gershenson Properties Trust (RPT)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/12/09/boothbay-fund-management-llc-sells-25461-shares-of-ramco-gershenson-properties-trust-rpt.html.

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.

Want to see what other hedge funds are holding RPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ramco-Gershenson Properties Trust (NYSE:RPT).

Institutional Ownership by Quarter for Ramco-Gershenson Properties Trust (NYSE:RPT)

Receive News & Stock Ratings for Ramco-Gershenson Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ramco-Gershenson Properties Trust and related stocks with our FREE daily email newsletter.