Ramco-Gershenson Properties Trust (RPT) Receiving Somewhat Favorable Press Coverage, Accern Reports

Press coverage about Ramco-Gershenson Properties Trust (NYSE:RPT) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ramco-Gershenson Properties Trust earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.0105216941105 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

RPT has been the topic of a number of recent analyst reports. Robert W. Baird reaffirmed a “hold” rating and set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, November 1st. DA Davidson downgraded Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research report on Thursday, November 2nd. Boenning Scattergood reiterated a “sell” rating and set a $12.50 target price on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. BTIG Research downgraded Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. Finally, B. Riley reiterated a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. 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’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.86.

Shares of Ramco-Gershenson Properties Trust (NYSE RPT) opened at $11.61 on Thursday. The company has a market capitalization of $933.34, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 2.25 and a beta of 0.58. Ramco-Gershenson Properties Trust has a 12-month low of $11.36 and a 12-month high of $16.47.

In other news, CEO Dennis Earl Gershenson bought 25,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were bought at an average cost of $14.58 per share, for a total transaction of $364,500.00. Following the completion of the transaction, the chief executive officer now owns 529,454 shares in the company, valued at $7,719,439.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.71% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for Ramco-Gershenson Properties Trust (NYSE:RPT)

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