KeyCorp set a $15.00 target price on Ramco-Gershenson Properties Trust (NYSE:RPT) in a report released on Wednesday. The firm currently has a buy rating on the real estate investment trust’s stock. KeyCorp also issued estimates for Ramco-Gershenson Properties Trust’s Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.29 EPS, Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.32 EPS and FY2019 earnings at $1.27 EPS.

Several other research firms have also recently commented on RPT. Boenning Scattergood restated a sell rating and issued a $12.00 target price on shares of Ramco-Gershenson Properties Trust in a research report on Monday, May 7th. Zacks Investment Research upgraded shares of Ramco-Gershenson Properties Trust from a sell rating to a hold rating and set a $14.00 target price for the company in a research report on Saturday, August 11th. ValuEngine cut shares of Ramco-Gershenson Properties Trust from a sell rating to a strong sell rating in a research report on Wednesday, July 18th. Finally, DA Davidson set a $12.00 target price on shares of Ramco-Gershenson Properties Trust and gave the stock a hold rating in a research report on Tuesday, May 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $13.14.

RPT opened at $13.64 on Wednesday. The stock has a market cap of $1.03 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61. Ramco-Gershenson Properties Trust has a fifty-two week low of $11.15 and a fifty-two week high of $15.00. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.33.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.20). The business had revenue of $69.97 million for the quarter, compared to analyst estimates of $62.91 million. Ramco-Gershenson Properties Trust had a return on equity of 7.83% and a net margin of 23.37%. Ramco-Gershenson Properties Trust’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. sell-side analysts predict that Ramco-Gershenson Properties Trust will post 1.38 earnings per share for the current fiscal year.

In other news, Director Joel M. Pashcow sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $11.82, for a total value of $295,500.00. Following the completion of the transaction, the director now directly owns 60,978 shares in the company, valued at $720,759.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.52% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Raymond James & Associates boosted its holdings in shares of Ramco-Gershenson Properties Trust by 1.7% in the second quarter. Raymond James & Associates now owns 252,196 shares of the real estate investment trust’s stock valued at $3,332,000 after acquiring an additional 4,187 shares in the last quarter. Brinker Capital Inc. boosted its holdings in shares of Ramco-Gershenson Properties Trust by 47.9% in the first quarter. Brinker Capital Inc. now owns 15,055 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 4,876 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Ramco-Gershenson Properties Trust by 11.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 49,400 shares of the real estate investment trust’s stock valued at $611,000 after acquiring an additional 5,000 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Ramco-Gershenson Properties Trust by 2.9% during the first quarter. Thrivent Financial for Lutherans now owns 180,492 shares of the real estate investment trust’s stock worth $2,231,000 after buying an additional 5,050 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Ramco-Gershenson Properties Trust by 2.7% during the second quarter. Rhumbline Advisers now owns 212,843 shares of the real estate investment trust’s stock worth $2,812,000 after buying an additional 5,637 shares in the last quarter.

About Ramco-Gershenson Properties Trust

RAMCO (NYSE:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company's primary business is the ownership and management of regional town centers, urban infill properties and neighborhood shopping centers primarily located in 15 of the 40 largest metropolitan markets in the United States.

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Analyst Recommendations for Ramco-Gershenson Properties Trust (NYSE:RPT)

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