Sei Investments Co. Has $1.44 Million Holdings in Ramco-Gershenson Properties Trust (RPT)

Sei Investments Co. trimmed its holdings in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 6.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,652 shares of the real estate investment trust’s stock after selling 7,730 shares during the quarter. Sei Investments Co. owned about 0.14% of Ramco-Gershenson Properties Trust worth $1,439,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of RPT. Dimensional Fund Advisors LP grew its position in shares of Ramco-Gershenson Properties Trust by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,112,419 shares of the real estate investment trust’s stock valued at $15,596,000 after purchasing an additional 48,739 shares during the last quarter. Bank of Montreal Can grew its position in shares of Ramco-Gershenson Properties Trust by 300.8% in the second quarter. Bank of Montreal Can now owns 9,295 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 6,976 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Ramco-Gershenson Properties Trust in the second quarter valued at about $417,000. Aperio Group LLC grew its position in shares of Ramco-Gershenson Properties Trust by 128.2% in the second quarter. Aperio Group LLC now owns 44,235 shares of the real estate investment trust’s stock valued at $571,000 after purchasing an additional 24,848 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Ramco-Gershenson Properties Trust by 37.6% in the second quarter. Russell Investments Group Ltd. now owns 132,042 shares of the real estate investment trust’s stock valued at $1,704,000 after purchasing an additional 36,072 shares during the last quarter. 98.53% of the stock is currently owned by hedge funds and other institutional investors.

RPT has been the topic of several research analyst reports. Jefferies Group reaffirmed a “hold” rating and issued a $13.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Monday, October 16th. ValuEngine downgraded Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $13.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, August 24th. Zacks Investment Research downgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Ramco-Gershenson Properties Trust presently has an average rating of “Hold” and an average price target of $14.94.

Ramco-Gershenson Properties Trust (NYSE RPT) traded down $0.01 during midday trading on Thursday, hitting $14.35. 936,400 shares of the company traded hands, compared to its average volume of 833,037. Ramco-Gershenson Properties Trust has a twelve month low of $11.86 and a twelve month high of $17.42. The company has a market capitalization of $1,139.70, a PE ratio of 10.48, a PEG ratio of 2.36 and a beta of 0.81.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. The business had revenue of $64.93 million during the quarter, compared to analysts’ expectations of $66.07 million. During the same quarter last year, the company earned $0.34 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. research analysts predict that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Wednesday, December 20th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend is Tuesday, December 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio is 149.15%.

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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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Institutional Ownership by Quarter for Ramco-Gershenson Properties Trust (NYSE:RPT)

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