Ramco-Gershenson Properties Trust (RPT) Given a $12.00 Price Target at Jefferies Group

Ramco-Gershenson Properties Trust (NYSE:RPT) has been given a $12.00 price objective by analysts at Jefferies Group in a research report issued on Thursday. The firm presently has a “hold” rating on the real estate investment trust’s stock. Jefferies Group’s price target would suggest a potential downside of 2.52% from the company’s previous close.

Several other equities research analysts have also weighed in on RPT. Boenning Scattergood reiterated a “sell” rating on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, February 22nd. Zacks Investment Research upgraded shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. B. Riley reiterated a “buy” rating and set a $14.00 price objective (down previously from $15.50) on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, February 22nd. Finally, ValuEngine lowered shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $13.86.

RPT opened at $12.31 on Thursday. The stock has a market cap of $1,002.52, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 2.33 and a beta of 0.57. Ramco-Gershenson Properties Trust has a fifty-two week low of $11.36 and a fifty-two week high of $15.00.



Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.09). The business had revenue of $64.26 million for the quarter, compared to analyst estimates of $65.81 million. Ramco-Gershenson Properties Trust had a return on equity of 8.75% and a net margin of 26.05%. analysts expect that Ramco-Gershenson Properties Trust will post 1.33 EPS for the current year.

Several large investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB acquired a new stake in shares of Ramco-Gershenson Properties Trust in the fourth quarter valued at approximately $209,000. MetLife Investment Advisors LLC acquired a new stake in shares of Ramco-Gershenson Properties Trust in the fourth quarter valued at approximately $559,000. Macquarie Group Ltd. increased its stake in shares of Ramco-Gershenson Properties Trust by 5.9% in the fourth quarter. Macquarie Group Ltd. now owns 6,170,687 shares of the real estate investment trust’s stock valued at $90,590,000 after purchasing an additional 344,699 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Ramco-Gershenson Properties Trust in the fourth quarter valued at approximately $224,000. Finally, Millennium Management LLC acquired a new stake in shares of Ramco-Gershenson Properties Trust in the fourth quarter valued at approximately $824,000.

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About Ramco-Gershenson Properties Trust

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.

Analyst Recommendations for Ramco-Gershenson Properties Trust (NYSE:RPT)

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