B. Riley Reaffirms “Buy” Rating for Ramco-Gershenson Properties Trust (RPT)

B. Riley reaffirmed their buy rating on shares of Ramco-Gershenson Properties Trust (NYSE:RPT) in a research note issued to investors on Thursday morning.

RPT has been the subject of a number of other reports. KeyCorp restated a buy rating and issued a $16.00 price objective on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, October 4th. Zacks Investment Research lowered shares of Ramco-Gershenson Properties Trust from a hold rating to a sell rating in a research report on Wednesday, October 11th. ValuEngine lowered shares of Ramco-Gershenson Properties Trust from a buy rating to a hold rating in a research report on Friday, September 1st. Robert W. Baird restated a hold rating and issued a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, August 24th. Finally, Boenning Scattergood set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the company a sell rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average 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. 666,672 shares of the stock traded hands, compared to its average volume of 595,257. The stock has a market capitalization of $1,038.11, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 2.95 and a beta of 0.76. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $17.56.

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 for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $64.93 million during the quarter, compared to the consensus estimate of $66.07 million. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. analysts anticipate that Ramco-Gershenson Properties Trust will post 1.36 earnings per share for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in shares of Ramco-Gershenson Properties Trust in the 2nd quarter worth approximately $116,000. Bank of Montreal Can lifted its holdings in shares of Ramco-Gershenson Properties Trust by 300.8% in the 2nd quarter. Bank of Montreal Can now owns 9,295 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 6,976 shares during the last quarter. Amalgamated Bank bought a new stake in shares of Ramco-Gershenson Properties Trust in the 2nd quarter worth approximately $138,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Ramco-Gershenson Properties Trust in the 2nd quarter worth approximately $179,000. Finally, Profund Advisors LLC bought a new stake in shares of Ramco-Gershenson Properties Trust in the 2nd quarter worth approximately $185,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

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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