Q1 2018 EPS Estimates for Ramco-Gershenson Properties Trust Decreased by Analyst (RPT)

Ramco-Gershenson Properties Trust (NYSE:RPT) – Analysts at Capital One Financial decreased their Q1 2018 earnings estimates for shares of Ramco-Gershenson Properties Trust in a report issued on Monday. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings per share of $0.33 for the quarter, down from their previous estimate of $0.34. Capital One Financial also issued estimates for Ramco-Gershenson Properties Trust’s FY2019 earnings at $1.39 EPS.

Other research analysts have also issued research reports about the company. B. Riley reaffirmed a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. ValuEngine lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Jefferies Group set a $14.00 target price on Ramco-Gershenson Properties Trust and gave the company a “hold” rating in a research note on Wednesday, December 13th. Raymond James Financial reiterated a “hold” rating on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, December 12th. Finally, Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.86.

Ramco-Gershenson Properties Trust (NYSE:RPT) opened at $11.61 on Thursday. Ramco-Gershenson Properties Trust has a 52-week low of $11.36 and a 52-week high of $16.47. The firm has a market capitalization of $933.34, a P/E ratio of 8.58, a P/E/G ratio of 2.25 and a beta of 0.58.

Institutional investors and hedge funds have recently modified their holdings of the business. Amalgamated Bank purchased a new stake in Ramco-Gershenson Properties Trust during the 2nd quarter valued at $138,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Ramco-Gershenson Properties Trust in the 2nd quarter worth $179,000. Orinda Asset Management LLC purchased a new position in shares of Ramco-Gershenson Properties Trust in the 3rd quarter worth $195,000. Verition Fund Management LLC purchased a new position in shares of Ramco-Gershenson Properties Trust in the 4th quarter worth $224,000. Finally, Ellington Management Group LLC purchased a new position in shares of Ramco-Gershenson Properties Trust in the 4th quarter worth $225,000.

In other Ramco-Gershenson Properties Trust news, CEO Dennis Earl Gershenson bought 25,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were acquired at an average cost of $14.58 per share, for a total transaction of $364,500.00. Following the purchase, the chief executive officer now owns 529,454 shares in the company, valued at approximately $7,719,439.32. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.71% of the company’s stock.

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Ramco-Gershenson Properties Trust Company Profile

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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