Ramco-Gershenson Properties Trust (NYSE:RPT) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.34-1.38 for the period, compared to the Thomson Reuters consensus estimate of $1.36.
Shares of Ramco-Gershenson Properties Trust (RPT) traded down 2.21% on Friday, hitting $13.30. 692,465 shares of the stock were exchanged. Ramco-Gershenson Properties Trust has a 52-week low of $11.86 and a 52-week high of $19.89. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 32.44 and a beta of 0.71. The company has a 50 day moving average of $13.43 and a 200 day moving average of $13.98.
Ramco-Gershenson Properties Trust (NYSE:RPT) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $67.10 million during the quarter, compared to analyst estimates of $67.05 million. Ramco-Gershenson Properties Trust had a return on equity of 4.99% and a net margin of 15.05%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Equities research analysts forecast that Ramco-Gershenson Properties Trust will post $0.25 earnings per share for the current year.
A number of analysts have recently weighed in on RPT shares. Zacks Investment Research raised Ramco-Gershenson Properties Trust from a sell rating to a hold rating in a research note on Friday, July 28th. ValuEngine raised Ramco-Gershenson Properties Trust from a hold rating to a buy rating in a research note on Saturday, July 8th. Jefferies Group LLC reissued a buy rating and set a $16.00 price objective on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, June 20th. Boenning Scattergood set a $13.00 price objective on Ramco-Gershenson Properties Trust and gave the company a sell rating in a research note on Thursday, August 3rd. Finally, Raymond James Financial, Inc. reissued a market perform rating on shares of Ramco-Gershenson Properties Trust in a research note on Monday, June 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Ramco-Gershenson Properties Trust presently has a consensus rating of Buy and a consensus price target of $16.00.
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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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