TD Asset Management Inc. bought a new position in Ramco-Gershenson Properties Trust (NYSE:RPT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 201,600 shares of the real estate investment trust’s stock, valued at approximately $2,663,000. TD Asset Management Inc. owned 0.25% of Ramco-Gershenson Properties Trust as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Ramco-Gershenson Properties Trust during the 1st quarter valued at about $136,000. Brinker Capital Inc. boosted its holdings in shares of Ramco-Gershenson Properties Trust by 47.9% during the 1st quarter. Brinker Capital Inc. now owns 15,055 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 4,876 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Ramco-Gershenson Properties Trust during the 1st quarter valued at about $244,000. Xact Kapitalforvaltning AB boosted its holdings in shares of Ramco-Gershenson Properties Trust by 82.4% during the 1st quarter. Xact Kapitalforvaltning AB now owns 25,897 shares of the real estate investment trust’s stock valued at $320,000 after purchasing an additional 11,700 shares during the last quarter. Finally, Element Capital Management LLC bought a new position in shares of Ramco-Gershenson Properties Trust during the 1st quarter valued at about $364,000.

Shares of NYSE:RPT opened at $13.64 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 1.33. Ramco-Gershenson Properties Trust has a 12 month low of $11.15 and a 12 month high of $15.00. The stock has a market capitalization 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 (NYSE:RPT) last announced its quarterly earnings results on Wednesday, August 8th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.20). Ramco-Gershenson Properties Trust had a net margin of 23.37% and a return on equity of 7.83%. The business had revenue of $69.97 million during the quarter, compared to the consensus estimate of $62.91 million. During the same period in the previous year, the business posted $0.35 EPS. The firm’s revenue was up 4.3% on a year-over-year basis. sell-side analysts forecast that Ramco-Gershenson Properties Trust will post 1.38 earnings per share for the current year.

In related news, Director Joel M. Pashcow sold 25,000 shares of the stock in a transaction dated 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 owns 60,978 shares of the company’s stock, valued at approximately $720,759.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.52% of the stock is currently owned by company insiders.

RPT has been the subject of several research reports. KeyCorp set a $15.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the company a “buy” rating in a report on Wednesday. Boenning Scattergood reissued a “sell” rating and set a $12.00 price objective on shares of Ramco-Gershenson Properties Trust in a report on Monday, May 7th. Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating and set a $14.00 price objective for the company in a report on Saturday, August 11th. ValuEngine downgraded shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 18th. Finally, DA Davidson set a $12.00 price target on shares of Ramco-Gershenson Properties Trust and gave the company a “hold” rating in a report on Tuesday, May 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.14.

Ramco-Gershenson Properties Trust Profile

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

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