Ramco-Gershenson Properties Trust (NYSE:RPT) – Analysts at Jefferies Financial Group reduced their Q4 2018 EPS estimates for shares of Ramco-Gershenson Properties Trust in a research note issued to investors on Monday, November 12th. Jefferies Financial Group analyst G. Hoglund now expects that the real estate investment trust will post earnings of $0.31 per share for the quarter, down from their prior forecast of $0.33. Jefferies Financial Group also issued estimates for Ramco-Gershenson Properties Trust’s Q1 2020 earnings at $0.33 EPS, Q2 2020 earnings at $0.33 EPS and Q3 2020 earnings at $0.34 EPS.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.07. The company had revenue of $64.22 million for the quarter, compared to analysts’ expectations of $62.37 million. Ramco-Gershenson Properties Trust had a return on equity of 5.47% and a net margin of 16.33%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 earnings per share.

RPT has been the topic of a number of other research reports. ValuEngine cut Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating and set a $14.00 price objective on the stock in a research note on Saturday, August 11th. Finally, KeyCorp set a $15.00 price objective on Ramco-Gershenson Properties Trust and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.17.

Shares of RPT opened at $13.39 on Wednesday. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 2.17 and a beta of 0.52. Ramco-Gershenson Properties Trust has a 12 month low of $11.15 and a 12 month high of $15.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.57 and a current ratio of 0.57.

Several institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. purchased a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter worth about $131,000. Laurion Capital Management LP purchased a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter worth about $172,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter worth about $224,000. Paloma Partners Management Co purchased a new stake in shares of Ramco-Gershenson Properties Trust during the second quarter worth about $267,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ramco-Gershenson Properties Trust by 151.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,396 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 12,900 shares during the last quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Thursday, December 20th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date is Wednesday, December 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio is presently 64.71%.

Ramco-Gershenson Properties Trust Company Profile

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's locally-curated consumer experiences reflect the lifestyles of its diverse neighborhoods and match the modern expectations of its retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange under the ticker symbol RPT.

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Earnings History and Estimates for Ramco-Gershenson Properties Trust (NYSE:RPT)

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