KeyCorp Comments on Ramco-Gershenson Properties Trust’s Q4 2017 Earnings (RPT)

Ramco-Gershenson Properties Trust (NYSE:RPT) – Equities research analysts at KeyCorp issued their Q4 2017 earnings per share (EPS) estimates for Ramco-Gershenson Properties Trust in a report issued on Wednesday. KeyCorp analyst T. Thomas forecasts that the real estate investment trust will post earnings of $0.34 per share for the quarter. KeyCorp currently has a “Buy” rating and a $16.00 target price on the stock.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. The firm had revenue of $64.93 million for the quarter, compared to analysts’ expectations of $66.07 million. During the same quarter in the prior year, the business earned $0.34 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the stock. Jefferies Group cut shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $16.00 to $13.00 in a research note on Friday, September 15th. DA Davidson lowered shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a report on Thursday, November 2nd. Robert W. Baird reissued a “hold” rating and issued a $13.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, November 1st. ValuEngine raised shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Finally, Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Ramco-Gershenson Properties Trust has a consensus rating of “Hold” and an average price target of $14.94.

Ramco-Gershenson Properties Trust (NYSE RPT) opened at $14.34 on Monday. Ramco-Gershenson Properties Trust has a one year low of $11.86 and a one year high of $17.33. The firm has a market cap of $1,150.01, a P/E ratio of 10.58, a PEG ratio of 2.38 and a beta of 0.81.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Wednesday, December 20th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date is Tuesday, December 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is currently 149.15%.

A number of institutional investors and hedge funds have recently made changes to their positions in RPT. Dimensional Fund Advisors LP grew its holdings in shares of Ramco-Gershenson Properties Trust by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,112,419 shares of the real estate investment trust’s stock valued at $15,596,000 after purchasing an additional 48,739 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Ramco-Gershenson Properties Trust by 300.8% in the second quarter. Bank of Montreal Can now owns 9,295 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 6,976 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Ramco-Gershenson Properties Trust in the second quarter valued at $417,000. Aperio Group LLC grew its holdings in shares of Ramco-Gershenson Properties Trust by 128.2% in the second quarter. Aperio Group LLC now owns 44,235 shares of the real estate investment trust’s stock valued at $571,000 after purchasing an additional 24,848 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Ramco-Gershenson Properties Trust by 37.6% in the second quarter. Russell Investments Group Ltd. now owns 132,042 shares of the real estate investment trust’s stock valued at $1,704,000 after purchasing an additional 36,072 shares in the last quarter. 98.53% of the stock is owned by institutional investors and hedge funds.

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About Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust is an equity real estate investment trust. The Company’s primary business is the ownership, management, redevelopment, development and operation of retail shopping centers. As of December 31, 2016, it owned and managed multi-anchored shopping centers in 12 metropolitan markets in the United States.

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

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