Ramco-Gershenson Properties Trust (NYSE:RPT) Announces Earnings Results

Ramco-Gershenson Properties Trust (NYSE:RPT) announced 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, Bloomberg Earnings reports. Ramco-Gershenson Properties Trust had a net margin of 15.05% and a return on equity of 4.99%. The firm had revenue of $67.10 million during the quarter, compared to analysts’ expectations of $67.05 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. Ramco-Gershenson Properties Trust updated its FY17 guidance to $1.34-1.38 EPS.

Ramco-Gershenson Properties Trust (RPT) traded down 1.28% on Friday, reaching $13.12. 1,631,492 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.04 billion, a P/E ratio of 32.00 and a beta of 0.71. The firm’s 50 day moving average is $13.50 and its 200 day moving average is $13.88. Ramco-Gershenson Properties Trust has a 1-year low of $11.86 and a 1-year high of $19.89.

COPYRIGHT VIOLATION WARNING: This news story was first published by Rincon Hill News and is the property of of Rincon Hill News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://rinconhillneighbors.org/2017/08/19/ramco-gershenson-properties-trust-nyserpt-issues-earnings-results-beats-estimates-by-0-01-eps-updated-updated.html.

RPT has been the subject of several recent analyst reports. KeyCorp restated an “overweight” rating and set a $16.00 price objective (down previously from $18.00) on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday, June 28th. ValuEngine raised shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a research note on Tuesday, June 20th. Finally, BidaskClub raised shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. One research 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. The company presently has an average rating of “Buy” and a consensus target price of $16.00.

Ramco-Gershenson Properties Trust Company Profile

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.

Earnings History for Ramco-Gershenson Properties Trust (NYSE:RPT)

Receive News & Ratings for Ramco-Gershenson Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ramco-Gershenson Properties Trust and related companies with our FREE daily email newsletter.

 

Latest News



Leave a Reply

 
© 2006-2017 Rincon Hill News.