Strs Ohio Has $1.77 Million Holdings in Ramco-Gershenson Properties Trust (RPT)

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Strs Ohio trimmed its stake in Ramco-Gershenson Properties Trust (NYSE:RPT) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,132 shares of the real estate investment trust’s stock after selling 4,709 shares during the period. Strs Ohio owned about 0.16% of Ramco-Gershenson Properties Trust worth $1,769,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in RPT. Assetmark Inc. bought a new stake in Ramco-Gershenson Properties Trust in the second quarter valued at $131,000. Laurion Capital Management LP bought a new stake in Ramco-Gershenson Properties Trust in the second quarter valued at $172,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Ramco-Gershenson Properties Trust in the second quarter valued at $224,000. Advisors Asset Management Inc. grew its position in Ramco-Gershenson Properties Trust by 1,419.0% in the second quarter. Advisors Asset Management Inc. now owns 562,118 shares of the real estate investment trust’s stock valued at $266,000 after acquiring an additional 525,112 shares during the period. Finally, Paloma Partners Management Co bought a new stake in Ramco-Gershenson Properties Trust in the second quarter valued at $267,000.

Ramco-Gershenson Properties Trust stock opened at $13.28 on Thursday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 2.09 and a beta of 0.57. Ramco-Gershenson Properties Trust has a 52 week low of $11.15 and a 52 week high of $15.00.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.20). Ramco-Gershenson Properties Trust had a return on equity of 7.83% and a net margin of 23.37%. The business had revenue of $69.97 million during the quarter, compared to analyst estimates of $62.91 million. During the same period in the prior year, the firm posted $0.35 EPS. Ramco-Gershenson Properties Trust’s revenue for the quarter was up 4.3% compared to the same quarter last year. Research analysts anticipate that Ramco-Gershenson Properties Trust will post 1.38 earnings per share for the current year.

A number of equities analysts have commented on the company. ValuEngine raised Ramco-Gershenson Properties Trust from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Zacks Investment Research lowered Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. Finally, KeyCorp set a $15.00 price objective on Ramco-Gershenson Properties Trust and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $13.14.

About Ramco-Gershenson Properties Trust

RAMCO Properties (NYSE:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT). The Company's primary business is the ownership and management of high-quality shopping centers primarily located in the largest metropolitan markets in the United States.

Further Reading: Understanding Average Daily Trade Volume

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Institutional Ownership by Quarter for Ramco-Gershenson Properties Trust (NYSE:RPT)

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