Ramco-Gershenson Properties Tru (NYSE:RPT).
On July 19 the stock rating was downgraded to “” from “Outperform” in a statement from Baird. On June 28 the company was downgraded from “” to “Underperform” by Boenning & Scattergood.
On April 1 analysts at DA Davidson issued its first research report on the stock by announcing an initial rating of “Buy”. On January 5 the stock rating was upgraded from “Hold” to “Buy” with a current price target of $21.00 by analysts at Deutsche Bank.
Equity analyst Deutsche Bank raised the price target and upgraded the stock on January 5 boosting the price target from $20.00 to $21.00 and raising the rating from “Hold” to “Buy”.
The company is up by 2.38% since yesterday’s close of $13.05. Additionally the company declared a dividend for shareholders payable on Monday July 3rd, 2017. The dividend will be $0.220 per share for the quarter or $0.88 on an annualized basis. This dividend amount will represent a yeild of $6.59. The ex-dividend date will be Thursday March 16th, 2017.
Shares are trading at $13.36 a tad higher than the 50 day moving average which is $13.14 and which is marginally lower than the 200 day moving average of $15.01. The 50 day moving average was up by +1.70% whereas the 200 day moving average was down $-1.65 or -10.98%.
Ramco-Gershenson Properties Trust, launched on October 2, 1997, is an equity real estate investment trust. The Business’s primary business is the ownership, management, redevelopment, development and operation of retail shopping centers. As of December 31, 2016, the Company owned and managed multi-anchored shopping centers primarily in 12 metropolitan markets in the United States. The Company primarily conducts its business through its operating partnership, Ramco-Gershenson Properties, L.P..
The most current P/E ratio is 19.94 and market cap is 1.06B. In the last earnings report the EPS was $0.67 and is expected to be $0.24 for the current year with 79,343,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.07 and the next full year EPS is anticipated to be $0.29.