Ramco-Gershenson Properties Trust (RPT) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Ramco-Gershenson Properties Trust (NYSE:RPT) issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01, Bloomberg Earnings reports. The firm had revenue of $67.10 million for the quarter, compared to analyst estimates of $67.05 million. Ramco-Gershenson Properties Trust had a net margin of 15.05% and a return on equity of 4.99%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS. Ramco-Gershenson Properties Trust updated its FY17 guidance to $1.34-1.38 EPS.

Ramco-Gershenson Properties Trust (NYSE RPT) traded down 2.21% during mid-day trading on Friday, reaching $13.30. 692,465 shares of the company’s stock were exchanged. Ramco-Gershenson Properties Trust has a one year low of $11.86 and a one year high of $19.89. The firm has a market capitalization of $1.06 billion, a P/E ratio of 32.44 and a beta of 0.71. The company’s 50-day moving average is $13.43 and its 200 day moving average is $13.98.

A number of equities research analysts have recently issued reports on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $16.00 price objective (down previously from $18.00) on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, June 28th. Zacks Investment Research cut shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. BidaskClub raised shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. FBR & Co reissued an “outperform” rating and set a $15.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Tuesday, July 11th. Finally, ValuEngine upgraded shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Ramco-Gershenson Properties Trust has a consensus rating of “Buy” and an average target price of $16.00.

ILLEGAL ACTIVITY WARNING: This story was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://www.com-unik.info/2017/08/11/ramco-gershenson-properties-trust-rpt-announces-earnings-results-updated.html.

Ramco-Gershenson Properties Trust Company Profile

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.

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

What are top analysts saying about Ramco-Gershenson Properties Trust? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ramco-Gershenson Properties Trust and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit