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About Ramco-Gershenson Properties Trust (NYSE:RPT)
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 Ratio8.49
Forward P/E Ratio8.84
P/E Growth2.34
Sales & Book Value
Annual Sales$265.08 million
Price / Sales3.52
Cash Flow$2.0877 per share
Price / Cash5.59
Book Value$9.99 per share
Price / Book1.17
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 announced 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 7.54%. 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 quarterly earnings results on Tuesday, February, 20th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by $0.09. The real estate investment trust had revenue of $64.26 million for the quarter, compared to analyst estimates of $65.81 million. Ramco-Gershenson Properties Trust had a net margin of 24.33% and a return on equity of 8.04%. 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 Tuesday, February, 20th. The company provided earnings per share guidance of $1.31-1.37 for the period, compared to the Thomson Reuters consensus estimate of $1.34.
What price target have analysts set for RPT?
9 Wall Street analysts have issued twelve-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 share price to reach $13.4286 in the next year. 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), CoreSite (COR), LaSalle Hotel Properties (LHO), Uniti Group (UNIT), Weingarten Realty (WRI), Paramount Group (PGRE), Blackstone Mortgage Trust (BXMT), Sabra Health Care REIT (SBRA), CHIMERA Invt Co/SH NEW (CIM), Healthcare Realty Trust (HR), PS Business Parks (PSB), Taubman Centers (TCO), EastGroup Properties (EGP), Americold Realty Trust (COLD) and MFA Financial (MFA).
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 stories about RPT stock have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ramco-Gershenson Properties Trust earned a coverage optimism score of 0.08 on Accern's scale. They also assigned news articles about the real estate investment trust an impact score of 46.20 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
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 shareholders include BlackRock Inc. (17.55%), Principal Financial Group Inc. (5.24%), Massachusetts Financial Services Co. MA (4.92%), Northern Trust Corp (3.99%), Westwood Holdings Group Inc. (2.28%) and Sorin Capital Management LLC (1.63%). 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 purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Westwood Holdings Group Inc., BlackRock Inc., Massachusetts Financial Services Co. MA, Susquehanna Fundamental Investments LLC, Schwab Charles Investment Management Inc., Northern Trust Corp and Teachers Insurance & Annuity Association of America. 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 $11.67.
How big of a company is Ramco-Gershenson Properties Trust?
Ramco-Gershenson Properties Trust has a market capitalization of $912.34 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.
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.
Ramco-Gershenson Properties Trust (NYSE:RPT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Ramco-Gershenson Properties Trust in the last 12 months. Their average twelve-month price target is $13.4286, suggesting that the stock has a possible upside of 15.07%. The high price target for RPT is $16.00 and the low price target for RPT is $12.00. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.22 | 2.22 | 2.30 | 2.27 |
| Ratings Breakdown: | 1 Sell Rating(s)
5 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
5 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
5 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
6 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $13.4286 | $13.8571 | $14.8571 | $14.9375 |
| Price Target Upside: | 15.07% upside | 12.57% upside | 2.68% upside | 14.20% upside |
Ramco-Gershenson Properties Trust (NYSE:RPT) Consensus Price Target History
Ramco-Gershenson Properties Trust (NYSE:RPT) Analyst Ratings History
Show:
(Data available from 5/21/2016 forward)
Ramco-Gershenson Properties Trust (NYSE:RPT) Dividend Information
Ramco-Gershenson Properties Trust pays an annual dividend of $0.88 per share, with a dividend yield of 7.54%. RPT's next quarterly dividend payment will be made on Monday, July 2. The company has grown its dividend for the last 5 consecutive years and is increasing its dividend by an average of 4.90% each year. Ramco-Gershenson Properties Trust pays out 64.71% of its earnings out as a dividend.
| Next Dividend: | 7/2/2018 |
| Annual Dividend: | $0.88 |
| Dividend Yield: | 7.54% |
| Dividend Growth: | 4.90% (3 Year Average) |
| Payout Ratio(s): | 64.71% (Trailing 12 Months of Earnings)
66.67% (Based on This Year's Estimates)
63.77% (Based on Next Year's Estimates)
42.15% (Based on Cash Flow)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Ramco-Gershenson Properties Trust (NYSE:RPT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/18/2018 | quarterly | $0.22 | 7.72% | 6/19/2018 | 6/20/2018 | 7/2/2018 |
| 3/1/2018 | quarterly | $0.22 | 7.4% | 3/19/2018 | 3/20/2018 | 4/2/2018 |
| 12/1/2017 | quarterly | $0.22 | 6.08% | 12/19/2017 | 12/20/2017 | 1/2/2018 |
| 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 | $0.1875 | 4.6% | 6/18/2014 | 6/20/2014 | 7/1/2014 |
| 2/26/2014 | quarterly | $0.1875 | 4.5% | 3/18/2014 | 3/20/2014 | 4/1/2014 |
| 11/20/2013 | quarterly | $0.1875 | 4.67% | 12/18/2013 | 12/20/2013 | 1/2/2014 |
| 9/5/2013 | quarterly | $0.1875 | 5.15% | 9/18/2013 | 9/20/2013 | 10/1/2013 |
| 5/16/2013 | quarterly | $0.1683 | 3.86% | 6/18/2013 | 6/20/2013 | 7/1/2013 |
| 2/26/2013 | quarterly | $0.1683 | 4.37% | 3/18/2013 | 3/20/2013 | 4/1/2013 |
(Data available from 1/1/2013 forward)
Ramco-Gershenson Properties Trust (NYSE RPT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.52%
Ramco-Gershenson Properties Trust (NYSE RPT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/14/2018 | Joel M Pashcow | Director | Sell | 25,049 | $11.45 | $286,811.05 | 135,029 |  |
| 5/11/2018 | Joel M Pashcow | Director | Sell | 25,475 | $11.70 | $298,057.50 | 135,029 | |
| 12/14/2017 | Dennis Earl Gershenson | CEO | Buy | 25,000 | $14.58 | $364,500.00 | 529,454 | |
| 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)
Ramco-Gershenson Properties Trust (NYSE RPT) News Headlines
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Ramco-Gershenson Properties Trust (NYSE:RPT) SEC Filings
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Ramco-Gershenson Properties Trust (NYSE:RPT) Income Statement, Balance Sheet and Cash Flow Statement
Ramco-Gershenson Properties Trust (NYSE RPT) Stock Chart for Monday, May, 21, 2018
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