Goldman Sachs Group Inc. increased its position in Ramco-Gershenson Properties Trust (NYSE:RPT) by 56.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 531,079 shares of the real estate investment trust’s stock after purchasing an additional 192,408 shares during the period. Goldman Sachs Group Inc. owned about 0.67% of Ramco-Gershenson Properties Trust worth $6,851,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of RPT. BlackRock Inc. boosted its stake in Ramco-Gershenson Properties Trust by 7,078.4% in the 1st quarter. BlackRock Inc. now owns 10,374,857 shares of the real estate investment trust’s stock worth $145,455,000 after purchasing an additional 10,230,328 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Ramco-Gershenson Properties Trust by 15,951.1% during the 2nd quarter. Principal Financial Group Inc. now owns 2,953,395 shares of the real estate investment trust’s stock valued at $38,100,000 after buying an additional 2,934,995 shares during the period. Sorin Capital Management LLC acquired a new stake in shares of Ramco-Gershenson Properties Trust during the 2nd quarter valued at $17,036,000. Prudential Financial Inc. boosted its stake in shares of Ramco-Gershenson Properties Trust by 1,638.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,390,766 shares of the real estate investment trust’s stock valued at $17,941,000 after buying an additional 1,310,786 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Ramco-Gershenson Properties Trust by 36.2% during the 2nd quarter. Northern Trust Corp now owns 2,984,300 shares of the real estate investment trust’s stock valued at $38,496,000 after buying an additional 793,612 shares during the period. 98.39% of the stock is owned by hedge funds and other institutional investors.

Ramco-Gershenson Properties Trust (RPT) opened at 13.20 on Friday. The company has a 50-day moving average of $13.27 and a 200 day moving average of $13.32. The company has a market cap of $1.05 billion, a P/E ratio of 32.20 and a beta of 0.74. Ramco-Gershenson Properties Trust has a one year low of $11.86 and a one year high of $17.89.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Ramco-Gershenson Properties Trust had a net margin of 15.05% and a return on equity of 4.99%. The business had revenue of $67.10 million during the quarter, compared to analysts’ expectations of $67.05 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. Equities research analysts predict that Ramco-Gershenson Properties Trust will post $0.31 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Wednesday, September 20th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 6.67%. The ex-dividend date was Tuesday, September 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is currently 214.64%.

A number of brokerages have issued reports on RPT. KeyCorp reissued a “buy” rating and set a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Boenning Scattergood set a $13.00 target price on shares of Ramco-Gershenson Properties Trust and gave the company a “sell” rating in a research note on Thursday, August 3rd. FBR & Co reissued an “outperform” rating and set a $15.00 target price on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, July 11th. Finally, ValuEngine raised shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $15.14.

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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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