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. It conducts its business through its operating partnership, Ramco-Gershenson Properties, L.P. It invests in large, multi-anchored shopping centers that include national chain store tenants and supermarket tenants. National chain anchor tenants in its centers include, among others, Bed Bath and Beyond, Dick's Sporting Goods, and Home Depot. Supermarket anchor tenants in its centers include, among others, Publix Super Market, Whole Foods, Kroger and Sprouts. Its shopping centers are located in metropolitan markets, such as Metro Detroit, Southeast Florida, Greater Denver, Cincinnati, St. Louis, Jacksonville, Tampa/Lakeland, Milwaukee, Chicago and Atlanta.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Retail REITs
- Sub-Industry: Retail REITs
- Symbol: NYSE:RPT
- CUSIP: 75145220
- Web: www.ramcogershenson.com
Capitalization:- Market Cap: $995.99 million
- Outstanding Shares: 79,362,000
Average Prices:- 50 Day Moving Avg: $13.48
- 200 Day Moving Avg: $13.44
- 52 Week Range: $11.86 - $19.05
P/E:- Trailing P/E Ratio: 30.61
- Foreward P/E Ratio: 54.57
- P/E Growth: 8.12
Sales & Book Value:- Annual Revenue: $263.77 million
- Price / Sales: 3.78
- Book Value: $9.58 per share
- Price / Book: 1.31
Dividend:- Annual Dividend: $0.88
- Dividend Yield: 7.0%
Profitability:- EBIDTA: $165.05 million
- Net Margins: 15.05%
- Return on Equity: 4.99%
- Return on Assets: 1.86%
Debt:- Current Ratio: 0.05%
- Quick Ratio: 0.05%
Misc:- Average Volume: 782,717 shs.
- Beta: 0.73
- Short Ratio: 3.07
Frequently Asked Questions for Ramco-Gershenson Properties Trust (NYSE:RPT)
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 Friday, September 1st. Stockholders of record on Wednesday, September 20th will be paid a dividend of $0.22 per share on Monday, October 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.01%. The ex-dividend date of this dividend is Tuesday, September 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) issued its quarterly earnings data on Tuesday, August, 1st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.34 by $0.01. The firm earned $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% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. View Ramco-Gershenson Properties Trust's Earnings History.
When will Ramco-Gershenson Properties Trust make its next earnings announcement?
What guidance has Ramco-Gershenson Properties Trust issued on next quarter's earnings?
Ramco-Gershenson Properties Trust updated its FY17 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of $1.34-1.38 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.36.
Where is Ramco-Gershenson Properties Trust's stock going? Where will Ramco-Gershenson Properties Trust's stock price be in 2017?
8 equities research analysts have issued 1-year price objectives for Ramco-Gershenson Properties Trust's stock. Their forecasts range from $13.00 to $19.00. On average, they expect Ramco-Gershenson Properties Trust's share price to reach $15.14 in the next year. View Analyst Ratings for Ramco-Gershenson Properties Trust.
Who are some of Ramco-Gershenson Properties Trust's key competitors?
Some companies that are related to Ramco-Gershenson Properties Trust include American Assets Trust (AAT), Kite Realty Group Trust (KRG), Four Corners Property Trust (FCPT), Washington Prime Group (WPG), Agree Realty Corporation (ADC), Saul Centers (BFS), Getty Realty Corporation (GTY), Pennsylvania Real Estate Investment Trust (PEI), Cedar Realty Trust (CDR), Capital & Regional plc (CAL), Wheeler Real Estate Investment Trust (WHLR), Retail Opportunity Investments Corp. (ROIC) and Rouse Properties (RSE).
Who are Ramco-Gershenson Properties Trust's key executives?
Ramco-Gershenson Properties Trust's management team includes the folowing people:
- Stephen R. Blank, Independent Chairman of the Board
- Dennis Earl Gershenson, President, Chief Executive Officer, Trustee
- Geoffrey S. Bedrosian, Chief Financial Officer, Executive Vice President, Secretary
- John Hendrickson, Chief Operating Officer, Executive Vice President
- Frederick A. Zantello, Executive Vice President, Assistant Secretary
- Catherine J. Clark, Executive Vice President - Transactions
- Edward A. Eickhoff, Senior Vice President - Development
- Raymond J. Merk CPA, Chief Accounting Officer
- Arthur H. Goldberg, Independent Trustee
- David J. Nettina, Independent Trustee
Who owns Ramco-Gershenson Properties Trust stock?
Ramco-Gershenson Properties Trust's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (16.28%), BlackRock Inc. (14.15%), Macquarie Group Ltd. (6.79%), State Street Corp (3.89%), Northern Trust Corp (3.76%) and Principal Financial Group Inc. (3.72%). View Institutional Ownership Trends for Ramco-Gershenson Properties Trust.
Who sold Ramco-Gershenson Properties Trust stock? Who is selling Ramco-Gershenson Properties Trust stock?
Ramco-Gershenson Properties Trust's stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., KRV Capital LP, Wells Fargo & Company MN, New York State Common Retirement Fund, Systematic Financial Management LP, SG Americas Securities LLC, Clinton Group Inc. and Piermont Capital Management Inc.. View Insider Buying and Selling for Ramco-Gershenson Properties Trust.
Who bought Ramco-Gershenson Properties Trust stock? Who is buying Ramco-Gershenson Properties Trust stock?
Ramco-Gershenson Properties Trust's stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Sorin Capital Management LLC, Prudential Financial Inc., Macquarie Group Ltd., BlackRock Inc., Northern Trust Corp, Bank of New York Mellon Corp and State Street Corp. View Insider Buying and Selling for Ramco-Gershenson Properties Trust.
How do I buy Ramco-Gershenson Properties Trust stock?
Shares of Ramco-Gershenson Properties Trust can be purchased through any online brokerage account. Popular online brokerages 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 Ramco-Gershenson Properties Trust stock can currently be purchased for approximately $12.55.
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Ramco-Gershenson Properties Trust (NYSE:RPT) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 4 Hold Ratings, 3 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.25) |
| Consensus Price Target: | $15.14 (20.66% upside) |
Analysts' Ratings History for Ramco-Gershenson Properties Trust (NYSE:RPT)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/15/2017 | Jefferies Group LLC | Downgrade | Buy -> Hold | $16.00 -> $13.00 | High |  |
| 9/1/2017 | KeyCorp | Reiterated Rating | Buy | $16.00 | Medium | |
| 8/24/2017 | Robert W. Baird | Reiterated Rating | Hold | $13.00 | Medium | |
| 8/3/2017 | Boenning Scattergood | Set Price Target | Sell | $13.00 | Medium | |
| 7/11/2017 | FBR & Co | Reiterated Rating | Outperform | $15.00 | Low | |
| 6/12/2017 | Raymond James Financial, Inc. | Reiterated Rating | Outperform -> Market Perform | | High | |
| 2/22/2017 | Stifel Nicolaus | Lower Price Target | Buy -> Buy | $21.00 -> $19.00 | N/A | |
| 1/9/2017 | Deutsche Bank AG | Downgrade | Buy -> Hold | $21.00 -> $17.00 | N/A | |
| 8/5/2016 | Wunderlich | Boost Price Target | Buy | $20.00 -> $21.50 | N/A | |
| 4/1/2016 | DA Davidson | Initiated Coverage | Buy | $22.00 | N/A | |
(Data available from 9/24/2015 forward)
Earnings History for Ramco-Gershenson Properties Trust (NYSE:RPT)Earnings History by Quarter for Ramco-Gershenson Properties Trust (NYSE RPT)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/30/2017 | | $0.06 | | | | | N/A | |
| 8/1/2017 | Q2 2017 | $0.34 | $0.35 | $67.05 million | $67.10 million | View | Listen | |
| 2/21/2017 | Q4 2016 | $0.05 | $0.33 | $65.35 million | $64.45 million | View | N/A | |
| 11/1/2016 | Q3 | $0.34 | $0.34 | $64.53 million | $64.08 million | View | N/A | |
| 8/2/2016 | Q2 | $0.34 | $0.35 | $65.76 million | $65.90 million | View | N/A | |
| 5/3/2016 | Q1 | $0.34 | $0.34 | $65.89 million | $66.51 million | View | N/A | |
| 2/23/2016 | Q4 | $0.34 | $0.34 | $65.15 million | $68.58 million | View | Listen | |
| 10/27/2015 | Q3 | $0.32 | $0.33 | $61.66 million | $64.06 million | View | Listen | |
| 7/21/2015 | Q2 | $0.31 | $0.31 | $59.30 million | $59.74 million | View | Listen | |
| 4/21/2015 | Q115 | $0.33 | $0.36 | $61.10 million | $59.40 million | View | N/A | |
| 2/10/2015 | Q414 | $0.32 | $0.33 | $57.70 million | $62.20 million | View | N/A | |
| 10/21/2014 | Q314 | $0.32 | $0.32 | $51.82 million | $55.14 million | View | N/A | |
| 7/22/2014 | | $0.30 | $0.31 | $49.22 million | $49.93 million | View | N/A | |
| 4/22/2014 | | $0.30 | $0.30 | $49.16 million | $50.13 million | View | N/A | |
| 2/11/2014 | Q413 | $0.28 | $0.29 | $46.12 million | $48.02 million | View | N/A | |
| 4/23/2013 | Q113 | $0.28 | $0.31 | $33.17 million | $34.52 million | View | N/A | |
| 2/12/2013 | Q412 | $0.25 | $0.27 | $32.38 million | $34.14 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Ramco-Gershenson Properties Trust (NYSE:RPT)2017 EPS Consensus Estimate: $1.36
2018 EPS Consensus Estimate: $1.42
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 5 | $0.34 | $0.34 | $0.34 |
| Q2 2017 | 6 | $0.34 | $0.35 | $0.35 |
| Q3 2017 | 6 | $0.33 | $0.35 | $0.34 |
| Q4 2017 | 6 | $0.32 | $0.34 | $0.33 |
| Q1 2018 | 4 | $0.33 | $0.36 | $0.35 |
| Q2 2018 | 4 | $0.34 | $0.37 | $0.35 |
| Q3 2018 | 4 | $0.35 | $0.38 | $0.36 |
| Q4 2018 | 4 | $0.35 | $0.37 | $0.36 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Ramco-Gershenson Properties Trust (NYSE:RPT)| Next Dividend: | 10/2/2017 |
| Annual Dividend: | $0.88 |
| Dividend Yield: | 7.01% |
| Dividend Growth: | 7.10% (3 Year Average) |
| Payout Ratio: | 214.64% (Trailing 12 Months of Earnings)
283.87% (Based on This Year's Estimates)
382.61% (Based on Next Year's Estimates)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Ramco-Gershenson Properties Trust (NYSE RPT)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 9/1/2017 | quarterly | $0.22 | 6.62% | 9/19/2017 | 9/20/2017 | 10/2/2017 |
| 5/18/2017 | quarterly | $0.22 | 6.93% | 6/16/2017 | 6/20/2017 | 7/3/2017 |
| 3/8/2017 | quarterly | $0.22 | 6.22% | 3/16/2017 | 3/20/2017 | 4/3/2017 |
| 12/6/2016 | quarterly | $0.22 | 5.19% | 12/16/2016 | 12/20/2016 | 1/3/2017 |
| 9/7/2016 | Quarterly | $0.22 | | 9/16/2016 | 9/20/2016 | 10/1/2016 |
| 5/25/2016 | Quarterly | $0.21 | | 6/16/2016 | 6/20/2016 | 7/1/2016 |
| 3/4/2016 | Quarterly | $0.21 | | 3/17/2016 | 3/21/2016 | 4/1/2016 |
| 11/10/2015 | Quarterly | $0.21 | | 12/17/2015 | 12/21/2015 | 1/4/2016 |
| 8/10/2015 | | $0.21 | | 9/17/2015 | 9/21/2015 | 10/1/2015 |
| 5/8/2015 | quarterly | $0.20 | 4.51% | 6/17/2015 | 6/19/2015 | 7/1/2015 |
| 2/25/2015 | quarterly | $0.20 | 4.27% | 3/18/2015 | 3/20/2015 | 4/1/2015 |
| 11/11/2014 | quarterly | $0.20 | 4.58% | 12/17/2014 | 12/19/2014 | 1/2/2015 |
| 9/3/2014 | quarterly | $0.20 | 4.7% | 9/17/2014 | 9/19/2014 | 10/1/2014 |
| 5/14/2014 | quarterly | $0.19 | 4.6% | 6/18/2014 | 6/20/2014 | 7/1/2014 |
| 2/26/2014 | quarterly | $0.19 | 4.5% | 3/18/2014 | 3/20/2014 | 4/1/2014 |
| 11/20/2013 | quarterly | $0.19 | 4.67% | 12/18/2013 | 12/20/2013 | 1/2/2014 |
| 9/5/2013 | quarterly | $0.19 | 5.15% | 9/18/2013 | 9/20/2013 | 10/1/2013 |
| 5/16/2013 | quarterly | $0.17 | 3.86% | 6/18/2013 | 6/20/2013 | 7/1/2013 |
| 2/26/2013 | quarterly | $0.17 | 4.37% | 3/18/2013 | 3/20/2013 | 4/1/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Ramco-Gershenson Properties Trust (NYSE:RPT)Insider Ownership Percentage: 3.71%
Institutional Ownership Percentage: 98.69%
Insider Trades by Quarter for Ramco-Gershenson Properties Trust (NYSE:RPT)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 6/4/2015 | Claudio Ghersinich | Director | Buy | 5,500 | $0.30 | $1,650.00 | |
| 12/4/2014 | Abdel Fattah Badwi | Director | Buy | 23,000 | $0.30 | $6,900.00 | |
| 12/3/2014 | Abdel Fattah Badwi | Director | Buy | 50,000 | $0.30 | $15,000.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Ramco-Gershenson Properties Trust (NYSE:RPT)
Latest Headlines for Ramco-Gershenson Properties Trust (NYSE:RPT)
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Ramco-Gershenson Properties Trust (RPT) Chart for Sunday, September, 24, 2017
