News articles about Ramco-Gershenson Properties Trust (NYSE:RPT) have trended somewhat positive recently, Accern Sentiment reports. The research firm ranks the sentiment of 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 negative one to one, with scores closest to one being the most favorable. Ramco-Gershenson Properties Trust earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 48.2805168115579 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research analysts have recently commented on the stock. ValuEngine upgraded shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a report on Tuesday. KeyCorp set a $15.00 price target on shares of Ramco-Gershenson Properties Trust and gave the stock a “buy” rating in a report on Wednesday, August 15th. Finally, Zacks Investment Research cut shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $13.14.
NYSE:RPT traded up $0.01 during mid-day trading on Friday, reaching $13.82. The company’s stock had a trading volume of 519,541 shares, compared to its average volume of 754,006. Ramco-Gershenson Properties Trust has a 1 year low of $11.15 and a 1 year high of $15.00. The firm has a market cap of $1.11 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 2.20 and a beta of 0.60. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.43 and a quick ratio of 0.43.
Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.20). Ramco-Gershenson Properties Trust had a return on equity of 7.83% and a net margin of 23.37%. The business had revenue of $69.97 million during the quarter, compared to analysts’ expectations of $62.91 million. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. sell-side analysts anticipate that Ramco-Gershenson Properties Trust will post 1.37 EPS for the current fiscal year.
Ramco-Gershenson Properties Trust Company 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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