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 September 30, 2018, the Company's portfolio consisted of 57 shopping centers (including 1 shopping center owned through a joint venture) representing 13.8 million square feet. As of September 30, 2018, the Company's aggregate portfolio was 94.2% leased.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
Phone248-350-9900
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$265.08 million
Profitability
Miscellaneous
Employees122
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, October 30th. Investors of record on Thursday, December 20th will be paid a dividend of $0.22 per share on Wednesday, January 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date is Wednesday, December 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 earnings results on Wednesday, October, 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.07. The real estate investment trust earned $64.22 million during the quarter, compared to analyst estimates of $62.37 million. Ramco-Gershenson Properties Trust had a net margin of 16.33% and a return on equity of 5.47%. Ramco-Gershenson Properties Trust's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. 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, February 21st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8777056003.
What price target have analysts set for RPT?
5 brokers have issued 1-year price objectives for Ramco-Gershenson Properties Trust's stock. 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 that the stock has a possible downside of 2.3%. View Analyst Price Targets for Ramco-Gershenson Properties Trust.
What is the consensus analysts' recommendation for Ramco-Gershenson Properties Trust?
5 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, 2 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, "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. " (1/8/2019)
- 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?
Press coverage about RPT stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Ramco-Gershenson Properties Trust earned a daily sentiment score of 1.4 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
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), AmeriCold Realty Trust (COLD), Blackstone Mortgage Trust (BXMT), Healthcare Realty Trust (HR), PS Business Parks (PSB), Equity Commonwealth (EQC), Cousins Properties (CUZ), Eastgroup Properties (EGP), Weingarten Realty Investors (WRI), CoreSite Realty (COR), Rayonier (RYN), Apple Hospitality REIT (APLE), Hammerson (HMSNF), Uniti Group (UNIT) and National Health Investors (NHI).
Who are Ramco-Gershenson Properties Trust's key executives?
Ramco-Gershenson Properties Trust's management team includes the folowing people:
- Ms. Catherine J. Clark, Exec. VP of Transactions (Age 60)
- Mr. Brian L. Harper, Pres, CEO & Trustee (Age 43)
- Mr. Michael P. Fitzmaurice, Exec. VP, CFO & Sec.
- Mr. Raymond J. Merk, Sr. VP & Chief Accounting Officer (Age 60)
- Mr. Vincent Chao, VP of Fin.
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 Macquarie Group Ltd. (10.29%), Strs Ohio (0.17%) and Flinton Capital Management LLC (0.00%). Company insiders that own Ramco-Gershenson Properties Trust stock include Dennis Earl Gershenson, Joel M Pashcow and Laurie M Shahon. View Institutional Ownership Trends for Ramco-Gershenson Properties Trust.
Which major investors are buying Ramco-Gershenson Properties Trust stock?
RPT stock was bought by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Strs Ohio and Flinton Capital Management LLC. Company insiders that have bought Ramco-Gershenson Properties Trust stock in the last two years include Dennis Earl Gershenson and Laurie M Shahon. 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 $13.31.
How big of a company is Ramco-Gershenson Properties Trust?
Ramco-Gershenson Properties Trust has a market capitalization of $1.07 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.
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 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.
