NYSE:RPT - Ramco-Gershenson Properties Trust Stock Price, News, & Analysis

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$12.81 +0.06 (+0.47 %)
(As of 02/22/2019 09:42 AM ET)
Previous Close$12.75
Today's Range$12.7450 - $12.84
52-Week Range$11.15 - $14.42
Volume30,016 shs
Average Volume512,702 shs
Market Capitalization$1.03 billion
P/E Ratio9.49
Dividend Yield6.59%
Beta0.79
RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's locally-curated consumer experiences reflect the lifestyles of its diverse neighborhoods and match the modern expectations of its retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange under the ticker symbol RPT. As of September 30, 2018, the Company's portfolio consisted of 57 shopping centers (including 1 shopping center owned through a joint venture) representing 13.8 million square feet. As of September 30, 2018, the Company's aggregate portfolio was 94.2% leased.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP75145220
Phone248-350-9900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$260.62 million
Cash Flow$1.9557 per share
Book Value$9.99 per share

Profitability

Net Income$69.06 million

Miscellaneous

Employees122
Market Cap$1.03 billion
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable

Ramco-Gershenson Properties Trust (NYSE:RPT) Frequently Asked Questions

What is Ramco-Gershenson Properties Trust's stock symbol?

Ramco-Gershenson Properties Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "RPT."

How often does Ramco-Gershenson Properties Trust pay dividends? What is the dividend yield for Ramco-Gershenson Properties Trust?

Ramco-Gershenson Properties Trust declared a quarterly dividend on Tuesday, October 30th. Investors of record on Thursday, December 20th will be paid a dividend of $0.22 per share on Wednesday, January 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date is Wednesday, December 19th. View Ramco-Gershenson Properties Trust's Dividend History.

How were Ramco-Gershenson Properties Trust's earnings last quarter?

Ramco-Gershenson Properties Trust (NYSE:RPT) released its quarterly earnings results on Wednesday, October, 31st. The real estate investment trust reported $0.10 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.07. The real estate investment trust had revenue of $64.22 million for the quarter, compared to analyst estimates of $62.37 million. Ramco-Gershenson Properties Trust had a net margin of 6.76% and a return on equity of 2.28%. The business's quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. View Ramco-Gershenson Properties Trust's Earnings History.

When is Ramco-Gershenson Properties Trust's next earnings date?

Ramco-Gershenson Properties Trust is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Ramco-Gershenson Properties Trust.

What guidance has Ramco-Gershenson Properties Trust issued on next quarter's earnings?

Ramco-Gershenson Properties Trust updated its FY19 earnings guidance on Wednesday, February, 20th. The company provided earnings per share guidance of $1.03-1.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.16. Ramco-Gershenson Properties Trust also updated its FY 2019 guidance to $1.03-1.07 EPS.

What price target have analysts set for RPT?

5 analysts have issued twelve-month target prices for Ramco-Gershenson Properties Trust's stock. Their predictions range from $12.00 to $15.00. On average, they expect Ramco-Gershenson Properties Trust's share price to reach $13.00 in the next twelve months. This suggests a possible upside of 2.0% from the stock's current price. View Analyst Price Targets for Ramco-Gershenson Properties Trust.

What is the consensus analysts' recommendation for Ramco-Gershenson Properties Trust?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ramco-Gershenson Properties Trust in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ramco-Gershenson Properties Trust.

What are Wall Street analysts saying about Ramco-Gershenson Properties Trust stock?

Here are some recent quotes from research analysts about Ramco-Gershenson Properties Trust stock:
  • 1. According to Zacks Investment Research, "RPT Realty operates as a real estate investment trust. The Company owns, develops, acquires, manages and leases regional malls, community shopping centers and single tenant properties. RPT Realty, formerly known as Ramco-Gershenson Properties Trust, is based in New York, United States. " (1/8/2019)
  • 2. Boenning Scattergood analysts commented, "We expect the new leadership will likely pursue a lower leverage strategy as RPT’s shares trade at a substantial discount to NAV. Based on our estimates, dispositions of $200-$300 million over the next 18 months would lower the company’s leverage by more than a full turn to around 6 times. Candidates for disposition would include the company’s remaining non-Detroit MSA properties in Michigan as well its smallest 20 assets – that taken together represent approximately $300 million of value – but this would likely be less efficient to manage and harder to expand or drive growth." (5/7/2018)

Has Ramco-Gershenson Properties Trust been receiving favorable news coverage?

News coverage about RPT stock has trended somewhat positive on Friday, according to InfoTrie. The research group scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Ramco-Gershenson Properties Trust earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the stock's share price in the near term.

Who are some of Ramco-Gershenson Properties Trust's key competitors?

What other stocks do shareholders of Ramco-Gershenson Properties Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ramco-Gershenson Properties Trust investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Energy Transfer LP Unit (ET), Chipotle Mexican Grill (CMG), NIC (EGOV), Aegean Marine Petroleum Network (ANW), CBL & Associates Properties (CBL), Zoetis (ZTS) and Transocean (RIG).

Who are Ramco-Gershenson Properties Trust's key executives?

Ramco-Gershenson Properties Trust's management team includes the folowing people:
  • Ms. Catherine J. Clark, Exec. VP of Transactions (Age 60)
  • Mr. Brian L. Harper, Pres, CEO & Trustee (Age 43)
  • Mr. Michael P. Fitzmaurice, Exec. VP, CFO & Sec.
  • Mr. Raymond J. Merk, Sr. VP & Chief Accounting Officer (Age 60)
  • Mr. Vincent Chao, VP of Fin.

Who are Ramco-Gershenson Properties Trust's major shareholders?

Ramco-Gershenson Properties Trust's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Macquarie Group Ltd. (10.29%), Strs Ohio (0.17%) and Flinton Capital Management LLC (0.00%). Company insiders that own Ramco-Gershenson Properties Trust stock include Dennis Earl Gershenson, Joel M Pashcow and Laurie M Shahon. View Institutional Ownership Trends for Ramco-Gershenson Properties Trust.

Which major investors are buying Ramco-Gershenson Properties Trust stock?

RPT stock was acquired by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Strs Ohio and Flinton Capital Management LLC. Company insiders that have bought Ramco-Gershenson Properties Trust stock in the last two years include Dennis Earl Gershenson and Laurie M Shahon. View Insider Buying and Selling for Ramco-Gershenson Properties Trust.

How do I buy shares of Ramco-Gershenson Properties Trust?

Shares of RPT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Ramco-Gershenson Properties Trust's stock price today?

One share of RPT stock can currently be purchased for approximately $12.75.

How big of a company is Ramco-Gershenson Properties Trust?

Ramco-Gershenson Properties Trust has a market capitalization of $1.02 billion and generates $260.62 million in revenue each year. The real estate investment trust earns $69.06 million in net income (profit) each year or $1.35 on an earnings per share basis. Ramco-Gershenson Properties Trust employs 122 workers across the globe.

What is Ramco-Gershenson Properties Trust's official website?

The official website for Ramco-Gershenson Properties Trust is http://www.ramcoproperties.com.

How can I contact Ramco-Gershenson Properties Trust?

Ramco-Gershenson Properties Trust's mailing address is 31500 NORTHWESTERN HWY SUITE 300, FARMINGTON HILLS MI, 48334. The real estate investment trust can be reached via phone at 248-350-9900 or via email at [email protected]


MarketBeat Community Rating for Ramco-Gershenson Properties Trust (NYSE RPT)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  180 (Vote Outperform)
Underperform Votes:  280 (Vote Underperform)
Total Votes:  460
MarketBeat's community ratings are surveys of what our community members think about Ramco-Gershenson Properties Trust and other stocks. Vote "Outperform" if you believe RPT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RPT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/22/2019 by MarketBeat.com Staff

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