Ramco-Gershenson Properties Trust (NYSE:RPT) Updates FY17 Earnings Guidance

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.

Several equities analysts recently weighed in on the company. Boenning Scattergood set a $13.00 target price on Ramco-Gershenson Properties Trust and gave the company a sell rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a sell rating to a hold rating in a research report on Friday, July 28th. BidaskClub upgraded Ramco-Gershenson Properties Trust from a hold rating to a buy rating in a research report on Wednesday, July 19th. FBR & Co reiterated an outperform rating and set a $15.00 target price on shares of Ramco-Gershenson Properties Trust in a research report on Tuesday, July 11th. Finally, ValuEngine upgraded Ramco-Gershenson Properties Trust from a hold rating to a buy rating in a research report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $16.00.

TRADEMARK VIOLATION WARNING: “Ramco-Gershenson Properties Trust (NYSE:RPT) Updates FY17 Earnings Guidance” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.com-unik.info/2017/08/19/ramco-gershenson-properties-trust-nyserpt-issues-fy17-earnings-guidance-updated-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 and Estimates 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