Ramco-Gershenson Properties Trust (RPT) Position Increased by Northern Trust Corp

Ramco-Gershenson Properties Trust (RPT) Position Increased by Northern Trust Corp

Northern Trust Corp raised its stake in shares of Ramco-Gershenson Properties Trust (NYSE:RPT) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,371,307 shares of the real estate investment trust’s stock after buying an additional 80,594 shares during the period. Northern Trust Corp owned about 2.99% of Ramco-Gershenson Properties Trust worth $44,438,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in RPT. Stifel Financial Corp increased its stake in shares of Ramco-Gershenson Properties Trust by 0.3% in the second quarter. Stifel Financial Corp now owns 24,500 shares of the real estate investment trust’s stock valued at $480,000 after buying an additional 76 shares during the last quarter. Aperio Group LLC increased its stake in shares of Ramco-Gershenson Properties Trust by 1.1% in the third quarter. Aperio Group LLC now owns 20,499 shares of the real estate investment trust’s stock valued at $384,000 after buying an additional 223 shares during the last quarter. US Bancorp DE increased its stake in shares of Ramco-Gershenson Properties Trust by 4.4% in the second quarter. US Bancorp DE now owns 5,692 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 239 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Ramco-Gershenson Properties Trust by 2.2% in the second quarter. Hsbc Holdings PLC now owns 12,084 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 260 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Ramco-Gershenson Properties Trust by 1.0% in the third quarter. Prudential Financial Inc. now owns 45,716 shares of the real estate investment trust’s stock valued at $857,000 after buying an additional 460 shares during the last quarter.

Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) traded down 1.04% during trading on Friday, hitting $16.13. The company had a trading volume of 399,158 shares. The stock has a market cap of $1.28 billion, a PE ratio of 21.22 and a beta of 0.79. The firm has a 50 day moving average of $16.53 and a 200 day moving average of $17.90. Ramco-Gershenson Properties Trust has a 12-month low of $15.86 and a 12-month high of $20.24.

Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings results on Tuesday, November 1st. The real estate investment trust reported $0.34 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.34. The business had revenue of $64.08 million for the quarter, compared to analyst estimates of $64.53 million. Ramco-Gershenson Properties Trust had a return on equity of 8.35% and a net margin of 25.44%. Ramco-Gershenson Properties Trust’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 EPS. On average, analysts forecast that Ramco-Gershenson Properties Trust will post $0.59 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Tuesday, December 20th were given a dividend of $0.22 per share. The ex-dividend date was Friday, December 16th. This represents a $0.88 dividend on an annualized basis and a yield of 5.46%. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 115.79%.

A number of analysts have recently commented on RPT shares. Zacks Investment Research downgraded Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 11th. Jefferies Group LLC reissued a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research note on Wednesday, November 9th. Finally, Deutsche Bank AG downgraded Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $21.00 to $17.00 in a research note on Monday, January 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $19.93.

About Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust is an integrated real estate investment trust. The Company’s primary business is the ownership and management of multi-anchored shopping centers primarily in approximately 10 metropolitan markets in the United States. The Company’s property portfolio includes approximately 70 shopping centers and an office building comprising approximately 15.3 million square feet.

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