20,289 Shares in Ramco-Gershenson Properties Trust (RPT) Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH acquired a new stake in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 20,289 shares of the real estate investment trust’s stock, valued at approximately $264,000.

A number of other large investors have also recently modified their holdings of RPT. Bank of Montreal Can grew its stake in 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 buying an additional 6,976 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Ramco-Gershenson Properties Trust by 37.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 132,042 shares of the real estate investment trust’s stock worth $1,704,000 after buying an additional 36,072 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Ramco-Gershenson Properties Trust by 27.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 785,146 shares of the real estate investment trust’s stock worth $10,129,000 after buying an additional 168,049 shares in the last quarter. Arizona State Retirement System purchased a new position in Ramco-Gershenson Properties Trust in the 2nd quarter worth approximately $542,000. Finally, First Trust Advisors LP grew its stake in Ramco-Gershenson Properties Trust by 549.9% in the 2nd quarter. First Trust Advisors LP now owns 171,307 shares of the real estate investment trust’s stock worth $2,210,000 after buying an additional 144,950 shares in the last quarter. 98.23% of the stock is owned by institutional investors.

RPT has been the subject of a number of research reports. KeyCorp reissued a “buy” rating and issued a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, October 4th. Zacks Investment Research cut shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. BTIG Research cut shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. B. Riley reissued a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, November 2nd. Finally, Boenning Scattergood reissued a “sell” rating and issued a $12.50 price target on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.13.

Shares of Ramco-Gershenson Properties Trust (RPT) opened at $14.73 on Tuesday. The firm has a market cap of $1,169.06, a P/E ratio of 24.97, a PEG ratio of 2.77 and a beta of 0.81. Ramco-Gershenson Properties Trust has a 1-year low of $11.86 and a 1-year high of $17.11.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.34. The firm had revenue of $64.93 million during the quarter, compared to analyst estimates of $66.07 million. Ramco-Gershenson Properties Trust had a net margin of 20.75% and a return on equity of 6.96%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. equities analysts forecast that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Wednesday, December 20th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.97%. Ramco-Gershenson Properties Trust’s payout ratio is 149.15%.

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

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