Robert W. Baird Reiterates Hold Rating for Ramco-Gershenson Properties Trust (RPT)

Robert W. Baird restated their hold rating on shares of Ramco-Gershenson Properties Trust (NYSE:RPT) in a report published on Wednesday morning. Robert W. Baird currently has a $13.00 price objective on the real estate investment trust’s stock.

RPT has been the subject of a number of other research reports. BidaskClub raised Ramco-Gershenson Properties Trust from a hold rating to a buy rating in a report on Wednesday, July 19th. FBR & Co reaffirmed an outperform rating and set a $15.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, July 11th. Zacks Investment Research downgraded Ramco-Gershenson Properties Trust from a hold rating to a sell rating in a report on Thursday, July 20th. ValuEngine raised Ramco-Gershenson Properties Trust from a hold rating to a buy rating in a report on Thursday, October 5th. Finally, Boenning Scattergood set a $13.00 target price on Ramco-Gershenson Properties Trust and gave the stock a sell rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Ramco-Gershenson Properties Trust currently has a consensus rating of Hold and a consensus price target of $14.94.

Shares of Ramco-Gershenson Properties Trust (NYSE RPT) traded down $0.35 during midday trading on Wednesday, reaching $13.08. The company’s stock had a trading volume of 666,672 shares, compared to its average volume of 595,257. Ramco-Gershenson Properties Trust has a fifty-two week low of $11.86 and a fifty-two week high of $17.56. The firm has a market capitalization of $1,038.11, a P/E ratio of 9.55, a PEG ratio of 2.95 and a beta of 0.76.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, hitting the Zacks’ 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 during the quarter, compared to the consensus estimate of $66.07 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’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 fiscal year.

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

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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