BTIG Research Downgrades Ramco-Gershenson Properties Trust (RPT) to Neutral

Ramco-Gershenson Properties Trust (NYSE:RPT) was downgraded by equities researchers at BTIG Research from a “buy” rating to a “neutral” rating in a research report issued on Thursday.

Several other equities research analysts have also weighed in on RPT. ValuEngine upgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. FBR & Co restated 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. BidaskClub upgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research lowered Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, Boenning Scattergood set a $13.00 price target on Ramco-Gershenson Properties Trust and gave the company a “sell” rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.94.

Ramco-Gershenson Properties Trust (NYSE RPT) traded down $0.35 on Thursday, hitting $13.08. The stock had a trading volume of 668,040 shares, compared to its average volume of 595,257. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $17.56. The stock has a market capitalization of $1,038.11, a PE ratio of 9.55, a PEG ratio of 2.95 and a beta of 0.76.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. Ramco-Gershenson Properties Trust had a return on equity of 6.96% and a net margin of 20.75%. The firm had revenue of $64.93 million for the quarter, compared to analysts’ expectations of $66.07 million. During the same period in the previous year, the firm earned $0.34 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. equities analysts anticipate that Ramco-Gershenson Properties Trust will post 1.36 earnings per share for the current year.

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Several large investors have recently bought and sold shares of RPT. BlackRock Inc. lifted its stake in shares of Ramco-Gershenson Properties Trust by 7,078.4% in the 1st quarter. BlackRock Inc. now owns 10,374,857 shares of the real estate investment trust’s stock valued at $145,455,000 after purchasing an additional 10,230,328 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Ramco-Gershenson Properties Trust by 15,951.1% in the second quarter. Principal Financial Group Inc. now owns 2,953,395 shares of the real estate investment trust’s stock worth $38,100,000 after buying an additional 2,934,995 shares during the period. Sorin Capital Management LLC purchased a new position in Ramco-Gershenson Properties Trust during the 2nd quarter worth $17,036,000. Prudential Financial Inc. increased its holdings in Ramco-Gershenson Properties Trust by 1,638.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,390,766 shares of the real estate investment trust’s stock worth $17,941,000 after purchasing an additional 1,310,786 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in Ramco-Gershenson Properties Trust by 26.5% during the 2nd quarter. Macquarie Group Ltd. now owns 5,388,665 shares of the real estate investment trust’s stock worth $69,513,000 after purchasing an additional 1,128,505 shares during the period. 98.69% of the stock is owned by institutional investors and hedge funds.

About Ramco-Gershenson Properties Trust

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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