RAMCO (NYSE:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company's primary business is the ownership and management of regional town centers, urban infill properties and neighborhood shopping centers primarily located in 15 of the 40 largest metropolitan markets in the United States. At March 31, 2018, the Company owned interests in and managed a portfolio of 56 shopping centers and three joint venture properties. At March 31, 2018, the Company's consolidated portfolio was 93.6% leased. RAMCO is a fully-integrated qualified REIT that is self-administered and self-managed. For additional information about the Company please visit www.RAMCOproperties.com or follow RAMCO on Twitter @RAMCOproperties and facebook.com/RAMCOproperties.rpt/.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:RPT
CUSIP75145220
Phone248-350-9900
Debt
Debt-to-Equity Ratio1.33
Current Ratio0.43
Quick Ratio0.43
Price-To-Earnings
Trailing P/E Ratio9.68
Forward P/E Ratio9.54
P/E Growth1.87
Sales & Book Value
Annual Sales$265.08 million
Price / Sales3.98
Cash Flow$2.0872 per share
Price / Cash6.31
Book Value$9.99 per share
Price / Book1.32
Profitability
EPS (Most Recent Fiscal Year)$1.36
Net Income$69.06 million
Net Margins23.37%
Return on Equity7.83%
Return on Assets2.99%
Miscellaneous
Employees122
Outstanding Shares80,150,000
Market Cap$1.03 billion
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 Friday, May 18th. Investors of record on Wednesday, June 20th will be paid a dividend of $0.22 per share on Monday, July 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date is Tuesday, June 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 results on Wednesday, August, 8th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by $0.20. The real estate investment trust had revenue of $69.97 million for the quarter, compared to the consensus estimate of $62.91 million. Ramco-Gershenson Properties Trust had a net margin of 23.37% and a return on equity of 7.83%. The business's revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. View Ramco-Gershenson Properties Trust's Earnings History.
When is Ramco-Gershenson Properties Trust's next earnings date?
What guidance has Ramco-Gershenson Properties Trust issued on next quarter's earnings?
Ramco-Gershenson Properties Trust updated its FY18 earnings guidance on Wednesday, August, 8th. The company provided EPS guidance of $1.35-1.39 for the period, compared to the Thomson Reuters consensus estimate of $1.32.
What price target have analysts set for RPT?
8 analysts have issued 1-year target prices for Ramco-Gershenson Properties Trust's shares. Their forecasts range from $12.00 to $16.00. On average, they anticipate Ramco-Gershenson Properties Trust's stock price to reach $13.1667 in the next twelve months. This suggests that the stock has a possible downside of 0.0%. View Analyst Price Targets for Ramco-Gershenson Properties Trust.
What is the consensus analysts' recommendation for Ramco-Gershenson Properties Trust?
8 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, 5 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, "Ramco-Gershenson Properties Trust is engaged in the business of owning, developing, acquiring, managing and leasing community shopping centers, regional malls and single tenant retail properties, nationally. " (8/11/2018)
- 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)
Who are some of Ramco-Gershenson Properties Trust's key competitors?
Some companies that are related to Ramco-Gershenson Properties Trust include First Industrial Realty Trust (FR), Apple Hospitality REIT (APLE), Sabra Health Care REIT (SBRA), Cousins Properties (CUZ), Blackstone Mortgage Trust (BXMT), CoreSite Realty (COR), Weingarten Realty Investors (WRI), Equity Commonwealth (EQC), Taubman Centers (TCO), LaSalle Hotel Properties (LHO), Healthcare Realty Trust (HR), RLJ Lodging Trust (RLJ), Paramount Group (PGRE), PS Business Parks (PSB) and CHIMERA Invt Co/SH NEW (CIM).
Who are Ramco-Gershenson Properties Trust's key executives?
Ramco-Gershenson Properties Trust's management team includes the folowing people:
- Mr. Edward A. Eickhoff, Exec. VP of Devel. (Age 56)
- Ms. Catherine J. Clark, Exec. VP of Transactions (Age 59)
- Mr. Brian L. Harper, Pres, CEO & Trustee (Age 42)
- Mr. Raymond J. Merk, Chief Accounting Officer (Age 59)
- Ms. Dawn L. Hendershot, Sr. VP of Investor Relations & Public Affairs (Age 53)
Has Ramco-Gershenson Properties Trust been receiving favorable news coverage?
News coverage about RPT stock has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ramco-Gershenson Properties Trust earned a coverage optimism score of 0.22 on Accern's scale. They also gave news stories about the real estate investment trust an impact score of 47.87 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for Ramco-Gershenson Properties Trust.
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 investors include BlackRock Inc. (18.75%), Macquarie Group Ltd. (9.18%), Massachusetts Financial Services Co. MA (4.86%), Bank of New York Mellon Corp (1.69%), Dimensional Fund Advisors LP (1.58%) and Schwab Charles Investment Management Inc. (1.46%). 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 Virginia Retirement Systems ET AL, State of Alaska Department of Revenue, Massachusetts Financial Services Co. MA, Bank of America Corp DE, Wolverine Asset Management LLC, California Public Employees Retirement System, BNP Paribas Arbitrage SA and Arizona State Retirement System. View Insider Buying and Selling for Ramco-Gershenson Properties Trust.
Which major investors are buying Ramco-Gershenson Properties Trust stock?
RPT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Advisors Asset Management Inc., Macquarie Group Ltd., KBC Group NV, TD Asset Management Inc., First Trust Advisors LP, Connor Clark & Lunn Investment Management Ltd. and SG Americas Securities LLC. 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 $13.17.
How big of a company is Ramco-Gershenson Properties Trust?
Ramco-Gershenson Properties Trust has a market capitalization of $1.03 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.
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.
