Ramco-Gershenson Properties Trust (RPT) Earning Somewhat Favorable Media Coverage, Analysis Shows
Media stories about Ramco-Gershenson Properties Trust (NYSE:RPT) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ramco-Gershenson Properties Trust earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.8583371252781 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment’s rankings:
- Q1 2019 Earnings Estimate for Ramco-Gershenson Properties Trust (RPT) Issued By Boenning Scattergood (americanbankingnews.com)
- Ramco-Gershenson Properties Trust (RPT) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Is Ramco-Gershenson (RPT) a Good Pick for Value Investors? (finance.yahoo.com)
- Head to Head Contrast: Agree Realty (ADC) & Ramco-Gershenson Properties Trust (RPT) (americanbankingnews.com)
A number of analysts have weighed in on RPT shares. B. Riley reaffirmed a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, November 2nd. ValuEngine upgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. KeyCorp reiterated 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. Jefferies Group lowered Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $16.00 to $13.00 in a research note on Friday, September 15th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.86.
Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $64.93 million for the quarter, compared to analyst estimates of $66.07 million. Ramco-Gershenson Properties Trust had a return on equity of 6.96% and a net margin of 20.75%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. equities analysts expect that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Wednesday, December 20th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 19th. This represents a $0.88 annualized dividend and a yield of 6.34%. Ramco-Gershenson Properties Trust’s dividend payout ratio is 154.39%.
In other news, CEO Dennis Earl Gershenson purchased 25,000 shares of the stock in a transaction that occurred on Friday, December 14th. The shares were purchased at an average cost of $14.58 per share, for a total transaction of $364,500.00. Following the completion of the purchase, the chief executive officer now directly owns 529,454 shares of the company’s stock, valued at approximately $7,719,439.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.57% of the company’s stock.
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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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