News articles about Ramco-Gershenson Properties Trust (NYSE:RPT) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ramco-Gershenson Properties Trust earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.0272398531696 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Ramco Gershenson Properties Trust: Ramco-Gershenson Properties Trust Announces … (twst.com)
- Ramco-Gershenson Properties Trust Announces Fourth Quarter and Year-End 2017 Earnings Release Date and Conference Call Information (finance.yahoo.com)
- 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)
Several equities analysts have recently issued reports on the company. Jefferies Group reissued a “hold” rating and issued a $13.00 price objective on shares of Ramco-Gershenson Properties Trust in a report on Monday, October 16th. Raymond James Financial reaffirmed a “hold” rating on shares of Ramco-Gershenson Properties Trust in a report on Tuesday, December 12th. Zacks Investment Research cut Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. KeyCorp reissued a “buy” rating and set a $16.00 target price on shares of Ramco-Gershenson Properties Trust in a report on Wednesday, October 4th. Finally, BTIG Research cut Ramco-Gershenson Properties Trust from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Ramco-Gershenson Properties Trust has an average rating of “Hold” and an average price target of $14.86.
Ramco-Gershenson Properties Trust (RPT) traded down $0.16 on Friday, hitting $13.75. The stock had a trading volume of 532,028 shares, compared to its average volume of 528,717. Ramco-Gershenson Properties Trust has a 1-year low of $11.86 and a 1-year high of $16.60. The stock has a market capitalization of $1,103.98, a price-to-earnings ratio of 23.31, a P/E/G ratio of 2.65 and a beta of 0.81.
Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $64.93 million during 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 company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $0.34 earnings per share. equities research analysts expect that Ramco-Gershenson Properties Trust will post 1.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Wednesday, December 20th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend was Tuesday, December 19th. Ramco-Gershenson Properties Trust’s payout ratio is currently 149.15%.
In related news, CEO Dennis Earl Gershenson acquired 25,000 shares of Ramco-Gershenson Properties Trust stock in a transaction dated Friday, December 14th. The shares were acquired 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 owns 529,454 shares in the company, valued at $7,719,439.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.71% of the stock is currently owned by company insiders.
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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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