Ramco-Gershenson Properties Trust is an equity real estate investment trust. The company has market cap of $1.13 billion. The Company’s primary business is the ownership, management, redevelopment, development and operation of retail shopping centers. It has a 22.31 P/E ratio. As of December 31, 2016, it owned and managed multi-anchored shopping centers in 12 metropolitan markets in the United States.
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About 22 shares traded. Ramco-Gershenson Properties Trust (NYSE:RPT) has declined 27.88% since August 29, 2016 and is downtrending. It has underperformed by 36.12% the S&P500.
Ratings analysis reveals 50% of Ramco-Gershenson’s analysts are positive. Out of 6 Wall Street analysts rating Ramco-Gershenson, 3 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $17 while the high is $21.50. The stock’s average target of $19.17 is 35.86% above today’s ($14.11) share price. RPT was included in 9 notes of analysts from November 2, 2015. Stifel Nicolaus maintained the shares of RPT in report on Wednesday, February 22 with “Buy” rating. The firm has “Hold” rating given on Monday, January 9 by Deutsche Bank. Robert W. Baird downgraded Ramco-Gershenson Properties Trust (NYSE:RPT) on Tuesday, July 19 to “Neutral” rating. The firm earned “Buy” rating on Friday, August 5 by Wunderlich. The firm has “Underperform” rating given on Tuesday, June 28 by Boenning & Scattergood. The firm earned “Buy” rating on Monday, November 2 by Wunderlich. The company was initiated on Friday, April 1 by DA Davidson. Deutsche Bank upgraded Ramco-Gershenson Properties Trust (NYSE:RPT) on Tuesday, January 5 to “Buy” rating.
V3 Capital Management L.P. holds 2.46% of its portfolio in Ramco-Gershenson Properties Trust for 670,900 shares. Hillcrest Asset Management Llc owns 497,590 shares or 1.62% of their US portfolio. Moreover, Barings Real Estate Advisers Llc has 1.34% invested in the company for 238,230 shares. The Florida-based Real Estate Management Services Llc has invested 1.06% in the stock. Lombardia Capital Partners Llc, a California-based fund reported 520,639 shares.
Analysts await Ramco-Gershenson Properties Trust (NYSE:RPT) to report earnings on May, 2. They expect $0.35 earnings per share, up 2.94% or $0.01 from last year’s $0.34 per share. RPT’s profit will be $28.03M for 10.08 P/E if the $0.35 EPS becomes a reality. After $0.33 actual earnings per share reported by Ramco-Gershenson Properties Trust for the previous quarter, Wall Street now forecasts 6.06% EPS growth.
