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 RatioN/A
Current Ratio0.04
Quick Ratio0.04
Price-To-Earnings
Trailing P/E Ratio9.55
Forward P/E Ratio9.72
P/E Growth2.59
Sales & Book Value
Annual Sales$265.08 million
Price / Sales3.87
Cash Flow$2.0761 per share
Price / Cash6.18
Book Value$9.99 per share
Price / Book1.28
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
Market Cap$1,008.38
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. Shareholders 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 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend 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 Thursday, May, 3rd. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the 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 return on equity of 8.04% and a net margin of 24.33%. The firm's quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous 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?
8 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 anticipate Ramco-Gershenson Properties Trust's share price to reach $13.1667 in the next twelve months. This suggests a possible upside of 2.6% from the stock's current price. View Analyst Ratings 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."
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. " (7/12/2018)
- 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), Cousins Properties (CUZ), Sabra Health Care REIT (SBRA), RLJ Lodging Trust (RLJ), CoreSite Realty (COR), Weingarten Realty Investors (WRI), LaSalle Hotel Properties (LHO), Uniti Group (UNIT), Equity Commonwealth (EQC), Paramount Group (PGRE), Taubman Centers (TCO), Healthcare Realty Trust (HR), Blackstone Mortgage Trust (BXMT), CHIMERA Invt Co/SH NEW (CIM) and PS Business Parks (PSB).
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?
Headlines about RPT stock have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ramco-Gershenson Properties Trust earned a coverage optimism score of 0.13 on Accern's scale. They also gave news coverage about the real estate investment trust an impact score of 47.05 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several 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 shareholders include Dalton Greiner Hartman Maher & Co. (0.27%), Nisa Investment Advisors LLC (0.05%) and State of Alaska Department of Revenue (0.03%). 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?
Which institutional investors are buying 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 $12.83.
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 (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.
