Parametric Portfolio Associates LLC raised its holdings in Ramco-Gershenson Properties Trust (NYSE:RPT) by 136.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 293,475 shares of the real estate investment trust’s stock after purchasing an additional 169,118 shares during the quarter. Parametric Portfolio Associates LLC owned 0.37% of Ramco-Gershenson Properties Trust worth $3,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Janus Capital Management LLC grew its stake in Ramco-Gershenson Properties Trust by 0.6% in the 1st quarter. Janus Capital Management LLC now owns 171,469 shares of the real estate investment trust’s stock valued at $2,404,000 after purchasing an additional 1,103 shares during the period. California Public Employees Retirement System grew its stake in Ramco-Gershenson Properties Trust by 1.5% in the 2nd quarter. California Public Employees Retirement System now owns 127,513 shares of the real estate investment trust’s stock valued at $1,645,000 after purchasing an additional 1,900 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Ramco-Gershenson Properties Trust by 2.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 77,655 shares of the real estate investment trust’s stock valued at $1,002,000 after purchasing an additional 1,974 shares during the period. Teachers Advisors LLC grew its stake in Ramco-Gershenson Properties Trust by 0.5% in the 1st quarter. Teachers Advisors LLC now owns 600,838 shares of the real estate investment trust’s stock valued at $8,424,000 after purchasing an additional 3,082 shares during the period. Finally, Nationwide Fund Advisors grew its stake in Ramco-Gershenson Properties Trust by 4.7% in the 2nd quarter. Nationwide Fund Advisors now owns 69,417 shares of the real estate investment trust’s stock valued at $895,000 after purchasing an additional 3,136 shares during the period. Hedge funds and other institutional investors own 98.69% of the company’s stock.

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RPT has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. KeyCorp restated a “buy” rating and issued a $16.00 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, October 4th. ValuEngine downgraded Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird restated a “hold” rating and issued a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Thursday, August 24th. Finally, Boenning Scattergood set a $13.00 price objective on Ramco-Gershenson Properties Trust and gave the company a “sell” rating in a research note on Thursday, August 3rd. Two equities research 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 stock has an average rating of “Hold” and an average price target of $15.14.

Ramco-Gershenson Properties Trust (RPT) opened at 12.67 on Tuesday. The stock’s 50 day moving average price is $13.18 and its 200 day moving average price is $13.26. Ramco-Gershenson Properties Trust has a 1-year low of $11.86 and a 1-year high of $17.56. The company has a market cap of $1.01 billion, a P/E ratio of 30.90 and a beta of 0.74.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Wednesday, September 20th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date was Tuesday, September 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 214.64%.

Ramco-Gershenson Properties Trust Company 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.

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

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