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
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
Phone248-350-9900
Debt
Current Ratio0.57
Quick Ratio0.57
Price-To-Earnings
Sales & Book Value
Annual Sales$265.08 million
Price / Sales3.80
Price / Cash Flow6.00
Price / Book1.26
Profitability
Net Income$69.06 million
Net Margins16.33%
Return on Assets2.09%
Miscellaneous
Employees122
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 given 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 7.00%. The ex-dividend date of this dividend 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 data 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 had revenue of $64.22 million for the quarter, compared to analyst estimates of $62.37 million. Ramco-Gershenson Properties Trust had a return on equity of 5.47% and a net margin of 16.33%. The company's quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. 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 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 shares. Their predictions range from $12.00 to $15.00. On average, they anticipate Ramco-Gershenson Properties Trust's stock price to reach $13.00 in the next twelve months. This suggests a possible upside of 3.3% 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 articles about RPT stock have trended positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news 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 2.3 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the near future.
Who are some of Ramco-Gershenson Properties Trust's key competitors?
Some companies that are related to Ramco-Gershenson Properties Trust include Ryman Hospitality Properties (RHP), First Industrial Realty Trust (FR), Rayonier (RYN), Equity Commonwealth (EQC), PS Business Parks (PSB), Healthcare Realty Trust (HR), LaSalle Hotel Properties (LHO), Apple Hospitality REIT (APLE), Cousins Properties (CUZ), Two Harbors Investment (TWO), CHIMERA INVT CO/SH NEW (CIM), Weingarten Realty Investors (WRI), Eastgroup Properties (EGP), CoreSite Realty (COR) and Uniti Group (UNIT).
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, Chief Accounting Officer (Age 60)
- Mr. Vincent Chao, VP of Fin.
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 $12.58.
How big of a company is Ramco-Gershenson Properties Trust?
Ramco-Gershenson Properties Trust has a market capitalization of $981.08 million 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.
