Ramco-Gershenson Properties Trust (NYSE:RPT) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.34-1.38 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.36.
Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) traded down 1.28% during mid-day trading on Friday, reaching $13.12. The company’s stock had a trading volume of 1,631,492 shares. The firm has a market cap of $1.04 billion, a PE ratio of 32.00 and a beta of 0.71. The company has a 50-day moving average of $13.50 and a 200-day moving average of $13.88. 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 released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The firm had revenue of $67.10 million for the quarter, compared to the consensus estimate of $67.05 million. Ramco-Gershenson Properties Trust had a return on equity of 4.99% and a net margin of 15.05%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. On average, analysts predict that Ramco-Gershenson Properties Trust will post $0.23 earnings per share for the current year.
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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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