Brian Harper Purchases 8,500 Shares of Ramco-Gershenson Properties Trust (RPT) Stock

Ramco-Gershenson Properties Trust (NYSE:RPT) CEO Brian Harper purchased 8,500 shares of Ramco-Gershenson Properties Trust stock in a transaction on Tuesday, March 12th. The shares were purchased at an average cost of $11.78 per share, with a total value of $100,130.00. Following the transaction, the chief executive officer now owns 284,281 shares in the company, valued at $3,348,830.18. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Shares of NYSE RPT traded down $0.02 during trading hours on Friday, hitting $11.83. The company had a trading volume of 1,140 shares, compared to its average volume of 827,501. The company has a market cap of $948.98 million, a PE ratio of 8.74, a PEG ratio of 2.22 and a beta of 0.76. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.30. Ramco-Gershenson Properties Trust has a 1-year low of $11.15 and a 1-year high of $14.42.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.37). Ramco-Gershenson Properties Trust had a net margin of 6.76% and a return on equity of 2.30%. The company had revenue of $63.72 million during the quarter, compared to analyst estimates of $63.30 million. As a group, sell-side analysts predict that Ramco-Gershenson Properties Trust will post 1.05 EPS for the current fiscal year.



The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Wednesday, March 20th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 7.44%. The ex-dividend date of this dividend is Tuesday, March 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 65.19%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Flinton Capital Management LLC bought a new stake in Ramco-Gershenson Properties Trust in the 4th quarter valued at $29,000. Russell Investments Group Ltd. raised its stake in Ramco-Gershenson Properties Trust by 33.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 35,324 shares of the real estate investment trust’s stock valued at $480,000 after acquiring an additional 8,790 shares during the period. MetLife Investment Advisors LLC raised its stake in Ramco-Gershenson Properties Trust by 53.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 58,180 shares of the real estate investment trust’s stock valued at $791,000 after acquiring an additional 20,204 shares during the period. Shell Asset Management Co. bought a new stake in Ramco-Gershenson Properties Trust in the 3rd quarter valued at $835,000. Finally, Martingale Asset Management L P bought a new stake in Ramco-Gershenson Properties Trust in the 3rd quarter valued at $1,125,000.

A number of equities analysts have weighed in on the company. Zacks Investment Research downgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Friday, December 14th. ValuEngine raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Ramco-Gershenson Properties Trust has an average rating of “Hold” and a consensus target price of $13.00.

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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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