Capital One Financial Comments on Ramco-Gershenson Properties Trust’s Q1 2018 Earnings (RPT)

Ramco-Gershenson Properties Trust (NYSE:RPT) – Equities research analysts at Capital One Financial cut their Q1 2018 earnings per share (EPS) estimates for Ramco-Gershenson Properties Trust in a report released on Wednesday, April 11th. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will earn $0.32 per share for the quarter, down from their prior forecast of $0.33. Capital One Financial also issued estimates for Ramco-Gershenson Properties Trust’s Q2 2018 earnings at $0.33 EPS, FY2018 earnings at $1.31 EPS, Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.34 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.34 EPS and FY2019 earnings at $1.36 EPS.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). Ramco-Gershenson Properties Trust had a net margin of 26.05% and a return on equity of 8.75%. The firm had revenue of $64.26 million during the quarter, compared to the consensus estimate of $65.81 million.



RPT has been the subject of a number of other reports. Jefferies Group set a $13.00 price objective on Ramco-Gershenson Properties Trust and gave the stock a “hold” rating in a report on Tuesday, February 27th. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. ValuEngine lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Boenning Scattergood reissued a “sell” rating on shares of Ramco-Gershenson Properties Trust in a report on Thursday, February 22nd. Finally, B. Riley reissued a “buy” rating and set a $14.00 price objective (down from $15.50) on shares of Ramco-Gershenson Properties Trust in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.86.

Shares of RPT opened at $12.31 on Friday. The company has a market cap of $1,002.52, a price-to-earnings ratio of 9.05, a P/E/G ratio of 2.33 and a beta of 0.57. Ramco-Gershenson Properties Trust has a 52 week low of $11.36 and a 52 week high of $15.00.

Several hedge funds and other institutional investors have recently made changes to their positions in RPT. Nationwide Fund Advisors boosted its stake in shares of Ramco-Gershenson Properties Trust by 35.2% in the 3rd quarter. Nationwide Fund Advisors now owns 93,850 shares of the real estate investment trust’s stock worth $1,221,000 after buying an additional 24,433 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Ramco-Gershenson Properties Trust by 164.1% in the 3rd quarter. SG Americas Securities LLC now owns 25,787 shares of the real estate investment trust’s stock worth $335,000 after buying an additional 16,023 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Ramco-Gershenson Properties Trust by 5.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 759,119 shares of the real estate investment trust’s stock worth $9,884,000 after buying an additional 36,090 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Ramco-Gershenson Properties Trust by 6.6% in the 3rd quarter. Legal & General Group Plc now owns 347,981 shares of the real estate investment trust’s stock worth $4,528,000 after buying an additional 21,524 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Ramco-Gershenson Properties Trust by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 777,486 shares of the real estate investment trust’s stock worth $10,177,000 after buying an additional 61,570 shares during the last quarter.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Tuesday, March 20th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date was Monday, March 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio is currently 64.71%.

WARNING: “Capital One Financial Comments on Ramco-Gershenson Properties Trust’s Q1 2018 Earnings (RPT)” was originally reported by Dakota Financial News and is the property of of Dakota Financial News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://dakotafinancialnews.com/2018/04/13/capital-one-financial-comments-on-ramco-gershenson-properties-trusts-q1-2018-earnings-rpt.html.

Ramco-Gershenson Properties Trust Company Profile

Ramco-Gershenson Properties Trust (NYSE:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company's primary business is the ownership and management of regional dominant and urban-oriented, infill shopping centers in key growth markets in the 40 largest metropolitan markets in the United States.

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply