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 December 31, 2018, the Company's portfolio consisted of 51 shopping centers (including 1 shopping center owned through a joint venture) representing 12.4 million square feet. As of December 31, 2018, the Company's aggregate portfolio was 94.3% leased.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
Phone212-221-1261
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$260.62 million
Profitability
Miscellaneous
Employees95
Next Earnings Date5/1/2019 (Confirmed)
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, February 5th. Shareholders of record on Wednesday, March 20th will be paid a dividend of $0.22 per share on Monday, April 1st. This represents a $0.88 annualized dividend and a yield of 7.63%. The ex-dividend date of this dividend is Tuesday, March 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) announced its quarterly earnings results on Wednesday, February, 20th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by $0.37. The real estate investment trust had revenue of $63.72 million for the quarter, compared to analyst estimates of $63.30 million. Ramco-Gershenson Properties Trust had a return on equity of 2.30% and a net margin of 6.76%. 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, May 2nd 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 FY19 earnings guidance on Wednesday, February, 20th. The company provided earnings per share guidance of $1.03-1.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.16. Ramco-Gershenson Properties Trust also updated its FY 2019 guidance to $1.03-1.07 EPS.
What price target have analysts set for RPT?
3 brokers have issued twelve-month price objectives for Ramco-Gershenson Properties Trust's shares. Their forecasts range from $12.00 to $15.00. On average, they expect Ramco-Gershenson Properties Trust's stock price to reach $13.00 in the next year. This suggests a possible upside of 12.7% 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?
3 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, 1 hold rating and 1 buy rating 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. " (3/12/2019)
- 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 coverage about RPT stock has been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ramco-Gershenson Properties Trust earned a daily sentiment score of 1.7 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 2.0 out of 10, meaning that recent news coverage is very 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 Healthcare Realty Trust (HR), Rexford Industrial Realty (REXR), Weingarten Realty Investors (WRI), Two Harbors Investment (TWO), Apple Hospitality REIT (APLE), LaSalle Hotel Properties (LHO), CHIMERA INVT CO/SH NEW (CIM), Hammerson (HMSNF), Sabra Health Care REIT (SBRA), Stag Industrial (STAG), Outfront Media (OUT), MFA FINL INC/SH (MFA), Paramount Group (PGRE), Physicians Realty Trust (DOC) and National Health Investors (NHI).
What other stocks do shareholders of Ramco-Gershenson Properties Trust own?
Who are Ramco-Gershenson Properties Trust's key executives?
Ramco-Gershenson Properties Trust's management team includes the folowing people:
- Mr. Brian L. Harper, Pres, CEO & Trustee (Age 43)
- Mr. Michael P. Fitzmaurice, Exec. VP & CFO (Age 40)
- Mr. Raymond J. Merk, Sr. VP & Chief Accounting Officer (Age 60)
- Ms. Catherine J. Clark, Exec. VP of Transactions (Age 60)
- Mr. Timothy Collier, Exec. VP of Leasing (Age 45)
Who are Ramco-Gershenson Properties Trust's major shareholders?
Ramco-Gershenson Properties Trust's stock is owned by many different of institutional and retail investors. Top institutional investors include Strs Ohio (0.16%). Company insiders that own Ramco-Gershenson Properties Trust stock include Brian Harper, David J Nettina, Dennis Earl Gershenson, Joel M Pashcow, Laurie M Shahon and Michael Fitzmaurice. View Institutional Ownership Trends for Ramco-Gershenson Properties Trust.
Which major investors are selling Ramco-Gershenson Properties Trust stock?
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 $11.53.
How big of a company is Ramco-Gershenson Properties Trust?
Ramco-Gershenson Properties Trust has a market capitalization of $926.55 million and generates $260.62 million in revenue each year. The real estate investment trust earns $17.62 million in net income (profit) each year or $1.35 on an earnings per share basis. Ramco-Gershenson Properties Trust employs 95 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 19 W 44th St. 10th Floor Ste 1002, New York NY, 10036. The real estate investment trust can be reached via phone at 212-221-1261 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.
