Ramco-Gershenson Properties Trust (RPT) Expected to Post Quarterly Sales of $63.73 Million

Analysts expect Ramco-Gershenson Properties Trust (NYSE:RPT) to announce $63.73 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Ramco-Gershenson Properties Trust’s earnings. The lowest sales estimate is $62.60 million and the highest is $65.92 million. Ramco-Gershenson Properties Trust posted sales of $67.83 million in the same quarter last year, which would indicate a negative year over year growth rate of 6%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, May 1st.

On average, analysts expect that Ramco-Gershenson Properties Trust will report full-year sales of $255.53 million for the current financial year, with estimates ranging from $250.89 million to $261.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $265.07 million per share, with estimates ranging from $259.52 million to $270.16 million. Zacks’ sales averages are an average based on a survey of research firms that cover Ramco-Gershenson Properties Trust.

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Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.09). Ramco-Gershenson Properties Trust had a net margin of 26.05% and a return on equity of 8.75%. The business had revenue of $64.26 million for the quarter, compared to analysts’ expectations of $65.81 million.

Several equities research analysts have recently commented on RPT shares. B. Riley reaffirmed a “buy” rating and set a $14.00 price target (down previously from $15.50) on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, February 22nd. ValuEngine downgraded Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Jefferies Group set a $12.00 price objective on Ramco-Gershenson Properties Trust and gave the company a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. Finally, Boenning Scattergood reiterated a “sell” rating on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $13.86.

Several large investors have recently made changes to their positions in RPT. Xact Kapitalforvaltning AB bought a new position in shares of Ramco-Gershenson Properties Trust during the 4th quarter valued at approximately $209,000. Verition Fund Management LLC bought a new position in Ramco-Gershenson Properties Trust in the 4th quarter worth approximately $224,000. Ellington Management Group LLC bought a new position in Ramco-Gershenson Properties Trust in the 4th quarter worth approximately $225,000. Allianz Asset Management GmbH bought a new position in Ramco-Gershenson Properties Trust in the 3rd quarter worth approximately $264,000. Finally, SG Americas Securities LLC boosted its stake in Ramco-Gershenson Properties Trust by 164.1% in the 3rd quarter. SG Americas Securities LLC now owns 25,787 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 16,023 shares during the period.

Shares of NYSE RPT traded up $0.03 during midday trading on Wednesday, hitting $12.12. 645,579 shares of the company’s stock traded hands, compared to its average volume of 601,125. Ramco-Gershenson Properties Trust has a 1 year low of $11.36 and a 1 year high of $15.00. The firm has a market capitalization of $959.65, a P/E ratio of 8.91, a PEG ratio of 2.24 and a beta of 0.56.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Tuesday, March 20th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, March 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.26%. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 64.71%.

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Ramco-Gershenson Properties Trust Company Profile

Ramco-Gershenson Properties Trust (NYSE:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company's primary business is the ownership and management of regional dominant and urban-oriented, infill shopping centers in key growth markets in the 40 largest metropolitan markets in the United States.

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

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