Ramco-Gershenson Properties Trust (NYSE:RPT) – Analysts at Jefferies Financial Group lowered their FY2018 earnings per share (EPS) estimates for shares of Ramco-Gershenson Properties Trust in a note issued to investors on Monday, November 12th. Jefferies Financial Group analyst O. Okusanya now expects that the real estate investment trust will post earnings of $1.35 per share for the year, down from their prior estimate of $1.38. Jefferies Financial Group also issued estimates for Ramco-Gershenson Properties Trust’s Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.33 EPS and Q4 2019 earnings at $0.33 EPS.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.07. The company had revenue of $64.22 million during the quarter, compared to the consensus estimate of $62.37 million. Ramco-Gershenson Properties Trust had a return on equity of 5.47% and a net margin of 16.33%. Ramco-Gershenson Properties Trust’s revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share.

Several other research firms also recently weighed in on RPT. ValuEngine raised Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. KeyCorp set a $15.00 price objective on Ramco-Gershenson Properties Trust and gave the stock a “buy” rating in a report on Wednesday, August 15th. Finally, Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating and set a $14.00 price objective on the stock in a report on Saturday, August 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.17.

Ramco-Gershenson Properties Trust stock opened at $13.57 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.57 and a current ratio of 0.57. Ramco-Gershenson Properties Trust has a fifty-two week low of $11.15 and a fifty-two week high of $15.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Thursday, December 20th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 6.48%. The ex-dividend date is Wednesday, December 19th. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is 64.71%.

Several hedge funds have recently bought and sold shares of RPT. Guggenheim Capital LLC boosted its holdings in shares of Ramco-Gershenson Properties Trust by 35.8% during the first quarter. Guggenheim Capital LLC now owns 49,710 shares of the real estate investment trust’s stock worth $613,000 after purchasing an additional 13,116 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Ramco-Gershenson Properties Trust by 112.0% during the first quarter. Millennium Management LLC now owns 118,619 shares of the real estate investment trust’s stock worth $1,466,000 after purchasing an additional 62,656 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Ramco-Gershenson Properties Trust by 17.5% during the first quarter. Principal Financial Group Inc. now owns 4,189,760 shares of the real estate investment trust’s stock worth $51,786,000 after purchasing an additional 622,602 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Ramco-Gershenson Properties Trust by 46.3% during the second quarter. Nisa Investment Advisors LLC now owns 41,400 shares of the real estate investment trust’s stock worth $547,000 after purchasing an additional 13,100 shares during the last quarter. Finally, Ramsey Quantitative Systems acquired a new position in Ramco-Gershenson Properties Trust in the second quarter valued at $375,000.

Ramco-Gershenson Properties Trust Company Profile

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's locally-curated consumer experiences reflect the lifestyles of its diverse neighborhoods and match the modern expectations of its retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange under the ticker symbol RPT.

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Earnings History and Estimates for Ramco-Gershenson Properties Trust (NYSE:RPT)

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