Ramco-Gershenson Properties Trust (RPT) Getting Somewhat Favorable News Coverage, Analysis Finds

News stories about Ramco-Gershenson Properties Trust (NYSE:RPT) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ramco-Gershenson Properties Trust earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 47.1794114141973 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

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

NYSE RPT traded up $0.02 on Wednesday, hitting $11.28. The company’s stock had a trading volume of 2,813 shares, compared to its average volume of 566,658. Ramco-Gershenson Properties Trust has a 1-year low of $11.28 and a 1-year high of $11.40. The stock has a market cap of $913.94 million, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 2.12 and a beta of 0.57.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.24 earnings per share (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 24.33% and a return on equity of 8.04%. The business had revenue of $64.26 million during the quarter, compared to analyst estimates of $65.81 million. analysts expect that Ramco-Gershenson Properties Trust will post 1.32 EPS for the current year.

A number of research firms recently issued reports on RPT. ValuEngine cut shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Jefferies Group set a $12.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the stock a “hold” rating in a research report on Thursday, April 12th. DA Davidson set a $12.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the stock a “hold” rating in a research report on Tuesday, May 8th. Zacks Investment Research upgraded shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Finally, Boenning Scattergood restated a “sell” rating and issued a $12.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Monday, May 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.43.

In other news, Director Joel M. Pashcow sold 25,049 shares of the stock in a transaction on Monday, May 14th. The shares were sold at an average price of $11.45, for a total transaction of $286,811.05. Following the completion of the sale, the director now directly owns 135,029 shares in the company, valued at $1,546,082.05. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Joel M. Pashcow sold 25,475 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of $11.70, for a total transaction of $298,057.50. Following the sale, the director now owns 135,029 shares of the company’s stock, valued at $1,579,839.30. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.

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.

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

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