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.
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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