Ramco-Gershenson Properties Trust (RPT) Receives Consensus Recommendation of “Hold” from Analysts

Ramco-Gershenson Properties Trust (NYSE:RPT) has received a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $12.75.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, January 1st. ValuEngine cut shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, December 20th.

In related news, Director David J. Nettina bought 10,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average cost of $11.81 per share, for a total transaction of $118,100.00. Following the completion of the acquisition, the director now owns 56,629 shares in the company, valued at $668,788.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Harper bought 8,500 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average price of $11.78 per share, with a total value of $100,130.00. Following the completion of the acquisition, the chief executive officer now owns 284,281 shares of the company’s stock, valued at approximately $3,348,830.18. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 21,500 shares of company stock valued at $252,740. Insiders own 3.52% of the company’s stock.



A number of institutional investors have recently added to or reduced their stakes in RPT. Flinton Capital Management LLC purchased a new stake in Ramco-Gershenson Properties Trust in the fourth quarter valued at approximately $29,000. Russell Investments Group Ltd. grew its holdings in Ramco-Gershenson Properties Trust by 33.1% in the third quarter. Russell Investments Group Ltd. now owns 35,324 shares of the real estate investment trust’s stock valued at $480,000 after purchasing an additional 8,790 shares during the period. MetLife Investment Advisors LLC grew its holdings in Ramco-Gershenson Properties Trust by 53.2% in the third quarter. MetLife Investment Advisors LLC now owns 58,180 shares of the real estate investment trust’s stock valued at $791,000 after purchasing an additional 20,204 shares during the period. Shell Asset Management Co. purchased a new stake in Ramco-Gershenson Properties Trust in the third quarter valued at approximately $835,000. Finally, Martingale Asset Management L P purchased a new stake in Ramco-Gershenson Properties Trust in the third quarter valued at approximately $1,125,000.

Shares of NYSE RPT opened at $11.85 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.30. Ramco-Gershenson Properties Trust has a 52 week low of $11.15 and a 52 week high of $14.42. The stock has a market capitalization of $948.98 million, a P/E ratio of 8.78, a P/E/G ratio of 2.22 and a beta of 0.76.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ 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, research analysts anticipate that Ramco-Gershenson Properties Trust will post 1.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Wednesday, March 20th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, March 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.43%. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 65.19%.

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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