Ramco-Gershenson Properties Trust (RPT) Holdings Cut by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its holdings in Ramco-Gershenson Properties Trust (NYSE:RPT) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,909 shares of the real estate investment trust’s stock after selling 3,870 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.08% of Ramco-Gershenson Properties Trust worth $842,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. TD Asset Management Inc. acquired a new position in shares of Ramco-Gershenson Properties Trust in the 2nd quarter valued at $2,663,000. New York State Teachers Retirement System grew its holdings in shares of Ramco-Gershenson Properties Trust by 56.8% in the 2nd quarter. New York State Teachers Retirement System now owns 49,438 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 17,900 shares during the last quarter. Assetmark Inc. bought a new stake in shares of Ramco-Gershenson Properties Trust in the 2nd quarter worth about $131,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Ramco-Gershenson Properties Trust in the 2nd quarter worth about $1,372,000. Finally, First Trust Advisors LP grew its holdings in shares of Ramco-Gershenson Properties Trust by 180.2% in the 2nd quarter. First Trust Advisors LP now owns 199,861 shares of the real estate investment trust’s stock worth $2,640,000 after purchasing an additional 128,521 shares during the last quarter.

RPT opened at $14.18 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.57 and a current ratio of 0.57. Ramco-Gershenson Properties Trust has a twelve month low of $11.15 and a twelve month high of $15.00. The stock has a market capitalization of $1.15 billion, a PE ratio of 10.43, a PEG ratio of 2.80 and a beta of 0.54.

Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.07. Ramco-Gershenson Properties Trust had a net margin of 16.33% and a return on equity of 5.47%. The business had revenue of $64.22 million for the quarter, compared to analyst estimates of $62.37 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. Analysts expect that Ramco-Gershenson Properties Trust will post 1.36 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Thursday, December 20th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 6.21%. The ex-dividend date is Wednesday, December 19th. Ramco-Gershenson Properties Trust’s payout ratio is 64.71%.

RPT has been the topic of several analyst reports. ValuEngine lowered shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating and set a $14.00 target price on the stock in a report on Saturday, August 11th. Finally, KeyCorp set a $15.00 target price on shares of Ramco-Gershenson Properties Trust and gave the stock a “buy” rating in a report on Wednesday, August 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Ramco-Gershenson Properties Trust has an average rating of “Hold” and an average price target of $13.17.

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Ramco-Gershenson Properties Trust Profile

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's locally-curated consumer experiences reflect the lifestyles of its diverse neighborhoods and match the modern expectations of its retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange under the ticker symbol RPT.

See Also: Asset Allocation and Your Retirement

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

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