Strs Ohio Has $1.60 Million Position in Ramco-Gershenson Properties Trust (RPT)

Strs Ohio decreased its position in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 12.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,955 shares of the real estate investment trust’s stock after selling 18,187 shares during the period. Strs Ohio owned about 0.16% of Ramco-Gershenson Properties Trust worth $1,599,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its position in Ramco-Gershenson Properties Trust by 37.6% in the second quarter. Russell Investments Group Ltd. now owns 132,042 shares of the real estate investment trust’s stock valued at $1,704,000 after buying an additional 36,072 shares during the period. Forsta AP Fonden boosted its position in Ramco-Gershenson Properties Trust by 163.7% in the second quarter. Forsta AP Fonden now owns 58,800 shares of the real estate investment trust’s stock valued at $759,000 after buying an additional 36,500 shares during the period. Peregrine Capital Management LLC boosted its position in Ramco-Gershenson Properties Trust by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 606,605 shares of the real estate investment trust’s stock valued at $7,825,000 after buying an additional 12,140 shares during the period. Aperio Group LLC boosted its position in Ramco-Gershenson Properties Trust by 128.2% in the second quarter. Aperio Group LLC now owns 44,235 shares of the real estate investment trust’s stock valued at $571,000 after buying an additional 24,848 shares during the period. Finally, Louisiana State Employees Retirement System bought a new position in Ramco-Gershenson Properties Trust during the second quarter valued at $417,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Ramco-Gershenson Properties Trust (NYSE RPT) opened at 13.30 on Friday. The firm has a market cap of $1.06 billion, a PE ratio of 32.44 and a beta of 0.71. The stock has a 50 day moving average of $13.43 and a 200 day moving average of $13.98. Ramco-Gershenson Properties Trust has a 12-month low of $11.86 and a 12-month high of $19.89.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Ramco-Gershenson Properties Trust had a net margin of 15.05% and a return on equity of 4.99%. The business had revenue of $67.10 million during the quarter, compared to the consensus estimate of $67.05 million. During the same quarter last year, the firm posted $0.35 EPS. Ramco-Gershenson Properties Trust’s revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that Ramco-Gershenson Properties Trust will post $0.25 EPS for the current fiscal year.

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Several research firms have recently weighed in on RPT. Boenning Scattergood set a $13.00 price target on shares of Ramco-Gershenson Properties Trust and gave the company a “sell” rating in a report on Thursday, August 3rd. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ramco-Gershenson Properties Trust in a report on Monday, June 12th. BidaskClub upgraded shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. Finally, FBR & Co reiterated an “outperform” rating and issued a $15.00 price target on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $16.00.

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.

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

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