Ramco-Gershenson Properties Trust (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 dominant and urban-oriented, infill shopping centers in key growth markets in the 40 largest metropolitan markets in the United States. At December 31, 2017, the Company owned interests in and managed a portfolio of 56 shopping centers and three joint venture properties. At December 31, 2017, the Company's consolidated portfolio was 93.3% leased. Ramco-Gershenson is a fully-integrated qualified REIT that is self-administered and self-managed. For additional information about the Company please visit www.rgpt.com or follow Ramco-Gershenson on Twitter @RamcoGershenson and facebook.com/ramcogershenson/.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:RPT
CUSIP75145220
Phone248-350-9900
Debt
Debt-to-Equity RatioN/A
Current Ratio0.04
Quick Ratio0.04
Price-To-Earnings
Trailing P/E Ratio9.21
Forward P/E Ratio9.36
P/E Growth2.61
Sales & Book Value
Annual Sales$265.08 million
Price / Sales3.73
Cash Flow$1.9823 per share
Price / Cash6.23
Book Value$9.99 per share
Price / Book1.24
Profitability
EPS (Most Recent Fiscal Year)$1.36
Net Income$69.06 million
Net Margins24.33%
Return on Equity8.04%
Return on Assets3.01%
Miscellaneous
Employees122
Outstanding Shares80,030,000
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. Shareholders of record on Wednesday, June 20th will be given 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 7.13%. 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) released its earnings results on Thursday, May, 3rd. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.33 by $0.26. The real estate investment trust earned $62.70 million during the quarter, compared to analysts' expectations of $63.53 million. Ramco-Gershenson Properties Trust had a net margin of 24.33% and a return on equity of 8.04%. The firm's revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. View Ramco-Gershenson Properties Trust's Earnings History.
When is Ramco-Gershenson Properties Trust's next earnings date?
What price target have analysts set for RPT?
9 Wall Street analysts have issued 12-month target prices for Ramco-Gershenson Properties Trust's stock. Their forecasts range from $12.00 to $16.00. On average, they expect Ramco-Gershenson Properties Trust's stock price to reach $13.4286 in the next twelve months. 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. " (5/10/2018)
- 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 Cousins Properties (CUZ), Uniti Group (UNIT), LaSalle Hotel Properties (LHO), RLJ Lodging Trust (RLJ), Weingarten Realty Investors (WRI), Sabra Health Care REIT (SBRA), Equity Commonwealth (EQC), CoreSite Realty (COR), Paramount Group (PGRE), Blackstone Mortgage Trust (BXMT), CHIMERA Invt Co/SH NEW (CIM), Healthcare Realty Trust (HR), Taubman Centers (TCO), PS Business Parks (PSB) and Eastgroup Properties (EGP).
Who are Ramco-Gershenson Properties Trust's key executives?
Ramco-Gershenson Properties Trust's management team includes the folowing people:
- Mr. Dennis E. Gershenson, Pres & CEO (Age 74)
- Mr. Geoffrey Bedrosian, Exec. VP, Sec. & CFO (Age 52)
- Ms. Catherine J. Clark, Exec. VP of Transactions (Age 59)
- Mr. Edward A. Eickhoff, Sr. VP of Devel. (Age 56)
- Mr. Raymond J. Merk, Chief Accounting Officer (Age 59)
Has Ramco-Gershenson Properties Trust been receiving favorable news coverage?
News articles about RPT stock have been trending positive this week, Accern reports. The research group ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public 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 media sentiment score of 0.48 on Accern's scale. They also gave media coverage about the real estate investment trust an impact score of 45.56 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
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. (17.55%), Principal Financial Group Inc. (5.24%), Principal Financial Group Inc. (5.24%), Massachusetts Financial Services Co. MA (4.92%), Northern Trust Corp (3.99%) and Westwood Holdings Group Inc. (2.28%). 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 institutional investors are selling Ramco-Gershenson Properties Trust stock?
RPT stock was sold by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Prudential Financial Inc., Aperio Group LLC, JPMorgan Chase & Co., Dupont Capital Management Corp, BNP Paribas Arbitrage SA, American International Group Inc. and Teacher Retirement System of Texas. View Insider Buying and Selling for Ramco-Gershenson Properties Trust.
Which institutional investors are buying Ramco-Gershenson Properties Trust stock?
RPT stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Principal Financial Group Inc., Westwood Holdings Group Inc., BlackRock Inc., Massachusetts Financial Services Co. MA, Susquehanna Fundamental Investments LLC, Schwab Charles Investment Management Inc. and Northern Trust Corp. 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 $12.35.
How big of a company is Ramco-Gershenson Properties Trust?
Ramco-Gershenson Properties Trust has a market capitalization of $1.02 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 (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.
