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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
Current SymbolNYSE:RPT
Previous Symbol
CUSIP75145220
Phone248-350-9900
Debt
Debt-to-Equity Ratio1.37
Current Ratio0.57
Quick Ratio0.57
Price-To-Earnings
Trailing P/E Ratio9.88
Forward P/E Ratio9.94
P/E Growth2.79
Sales & Book Value
Annual Sales$265.08 million
Price / Sales4.09
Cash Flow$1.9397 per share
Price / Cash Flow6.97
Book Value$9.99 per share
Price / Book1.35
Profitability
EPS (Most Recent Fiscal Year)$1.36
Net Income$69.06 million
Net Margins16.33%
Return on Equity5.47%
Return on Assets2.09%
Miscellaneous
Employees122
Outstanding Shares80,150,000
Market Cap$1.14 billion
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 announced 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 annualized dividend and a yield of 6.51%. 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) posted its earnings results on Wednesday, October, 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.07. The real estate investment trust earned $64.22 million during the quarter, compared to analysts' expectations of $62.37 million. Ramco-Gershenson Properties Trust had a net margin of 16.33% and a return on equity of 5.47%. Ramco-Gershenson Properties Trust's revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share. View Ramco-Gershenson Properties Trust's Earnings History.
When is Ramco-Gershenson Properties Trust's next earnings date?
How can I listen to Ramco-Gershenson Properties Trust's earnings call?
Ramco-Gershenson Properties Trust will be holding an earnings conference call on Thursday, February 21st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8777056003.
What guidance has Ramco-Gershenson Properties Trust issued on next quarter's earnings?
Ramco-Gershenson Properties Trust issued an update on its FY18 earnings guidance on Wednesday, October, 31st. The company provided earnings per share (EPS) guidance of $1.35-1.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.35.
What price target have analysts set for RPT?
5 Wall Street analysts have issued 12-month target prices for Ramco-Gershenson Properties Trust's stock. Their forecasts 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 that the stock has a possible downside of 3.8%. 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. " (12/14/2018)
- 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 Monday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ramco-Gershenson Properties Trust earned a daily sentiment score of 1.0 on InfoTrie's scale. They also assigned media headlines about the real estate investment trust a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are some of Ramco-Gershenson Properties Trust's key competitors?
Some companies that are related to Ramco-Gershenson Properties Trust include JBG SMITH Properties (JBGS), Howard Hughes (HHC), Hospitality Properties Trust (HPT), Highwoods Properties (HIW), Blackstone Mortgage Trust (BXMT), AmeriCold Realty Trust (COLD), First Industrial Realty Trust (FR), Rayonier (RYN), PS Business Parks (PSB), Equity Commonwealth (EQC), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP), Weingarten Realty Investors (WRI), Eastgroup Properties (EGP) and Apple Hospitality REIT (APLE).
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 59)
- Mr. Brian L. Harper, Pres, CEO & Trustee (Age 42)
- Mr. Michael P. Fitzmaurice, Exec. VP, CFO & Sec.
- Mr. Raymond J. Merk, Chief Accounting Officer (Age 59)
- 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 number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (19.04%), Vanguard Group Inc. (15.06%), Vanguard Group Inc (15.06%), Macquarie Group Ltd. (9.28%), Massachusetts Financial Services Co. MA (4.10%) and NWQ Investment Management Company LLC (3.60%). Company insiders that own Ramco-Gershenson Properties Trust stock include Dennis Earl Gershenson and Joel M Pashcow. View Institutional Ownership Trends for Ramco-Gershenson Properties Trust.
Which major investors are selling Ramco-Gershenson Properties Trust stock?
RPT stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Prudential Financial Inc., Credit Suisse AG, Thrivent Financial for Lutherans, Virginia Retirement Systems ET AL, Clearbridge Investments LLC, Connor Clark & Lunn Investment Management Ltd. and Schroder Investment Management Group. View Insider Buying and Selling for Ramco-Gershenson Properties Trust.
Which major investors are buying Ramco-Gershenson Properties Trust stock?
RPT stock was bought by a variety of institutional investors in the last quarter, including NWQ Investment Management Company LLC, Frontier Capital Management Co. LLC, Mirae Asset Global Investments Co. Ltd., LSV Asset Management, BlackRock Inc., CIBC World Markets Inc., Renaissance Technologies LLC and Vanguard Group Inc. 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 $13.51.
How big of a company is Ramco-Gershenson Properties Trust?
Ramco-Gershenson Properties Trust has a market capitalization of $1.14 billion and generates $265.08 million in revenue each year. The real estate investment trust earns $69.06 million in net income (profit) each year or $1.36 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?
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)
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.
