Ramco-Gershenson Properties Trust (NYSE:RPT) Share Price May Be About to Change Direction; Jefferies & Co Downgrades Them

September 17, 2017 - By Louis Casey

 Ramco Gershenson Properties Trust (NYSE:RPT) Share Price May Be About to Change Direction; Jefferies & Co Downgrades Them

Investors sentiment decreased to 1.4 in Q4 2016. Its down 0.17, from 1.57 in 2016Q3. It turned negative, as 14 investors sold Ramco-Gershenson Properties Trust shares while 54 reduced holdings. 32 funds opened positions while 63 raised stakes. 78.03 million shares or 4.11% less from 81.37 million shares in 2016Q3 were reported.

The Kentucky-based Teachers Retirement System Of The State Of Kentucky has invested 0.01% in Ramco-Gershenson Properties Trust (NYSE:RPT). Dupont Capital Corp holds 0.01% of its portfolio in Ramco-Gershenson Properties Trust (NYSE:RPT) for 19,129 shares. Manufacturers Life Ins Company The has 53,669 shares for 0% of their portfolio. Legal General Grp Inc Pcl invested in 0% or 182,040 shares. Bnp Paribas Arbitrage owns 32,134 shares. 10,689 were accumulated by Cubist Systematic Strategies Lc. Daiwa Securities Grp has invested 0% of its portfolio in Ramco-Gershenson Properties Trust (NYSE:RPT). Blackrock reported 144,529 shares. Dalton Greiner Hartman Maher And has 0.16% invested in Ramco-Gershenson Properties Trust (NYSE:RPT) for 160,834 shares. Cutler Mngmt Ltd Company stated it has 8,000 shares or 0.06% of all its holdings. Us Bankshares De holds 16,833 shares or 0% of its portfolio. Nomura Asset Mgmt Ltd stated it has 52,600 shares. 23,725 are held by Stifel Financial Corporation. Deutsche Bancshares Ag invested in 0% or 244,496 shares. Metropolitan Life Insur reported 58,569 shares.

Ramco-Gershenson Properties Trust (NYSE:RPT) Receives a Downgrade

Jefferies & Co has given Ramco-Gershenson Properties Trust (NYSE:RPT) shares a new Hold rating in a report sent to clients and investors on Friday morning. This was a downgrade from the last Buy rating.

Investors sentiment decreased to 1.4 in Q4 2016. Its down 0.17, from 1.57 in 2016Q3. It turned negative, as 14 investors sold Ramco-Gershenson Properties Trust shares while 54 reduced holdings. 32 funds opened positions while 63 raised stakes. 78.03 million shares or 4.11% less from 81.37 million shares in 2016Q3 were reported.

The Kentucky-based Teachers Retirement System Of The State Of Kentucky has invested 0.01% in Ramco-Gershenson Properties Trust (NYSE:RPT). Dupont Capital Corp holds 0.01% of its portfolio in Ramco-Gershenson Properties Trust (NYSE:RPT) for 19,129 shares. Manufacturers Life Ins Company The has 53,669 shares for 0% of their portfolio. Legal General Grp Inc Pcl invested in 0% or 182,040 shares. Bnp Paribas Arbitrage owns 32,134 shares. 10,689 were accumulated by Cubist Systematic Strategies Lc. Daiwa Securities Grp has invested 0% of its portfolio in Ramco-Gershenson Properties Trust (NYSE:RPT). Blackrock reported 144,529 shares. Dalton Greiner Hartman Maher And has 0.16% invested in Ramco-Gershenson Properties Trust (NYSE:RPT) for 160,834 shares. Cutler Mngmt Ltd Company stated it has 8,000 shares or 0.06% of all its holdings. Us Bankshares De holds 16,833 shares or 0% of its portfolio. Nomura Asset Mgmt Ltd stated it has 52,600 shares. 23,725 are held by Stifel Financial Corporation. Deutsche Bancshares Ag invested in 0% or 244,496 shares. Metropolitan Life Insur reported 58,569 shares.

Ramco-Gershenson Properties Trust (NYSE:RPT) Ratings Coverage

Among 8 analysts covering Ramco-Gershenson (NYSE:RPT), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Ramco-Gershenson has $21.50 highest and $12.5000 lowest target. $16’s average target is 18.34% above currents $13.52 stock price. Ramco-Gershenson had 16 analyst reports since November 2, 2015 according to SRatingsIntel. The stock of Ramco-Gershenson Properties Trust (NYSE:RPT) has “Buy” rating given on Monday, July 24 by Jefferies. The rating was maintained by Wunderlich on Friday, August 5 with “Buy”. DA Davidson initiated the shares of RPT in report on Friday, April 1 with “Buy” rating. The company was downgraded on Monday, June 12 by Raymond James. The firm has “Buy” rating given on Monday, November 2 by Wunderlich. The company was downgraded on Friday, September 15 by Jefferies. The stock of Ramco-Gershenson Properties Trust (NYSE:RPT) has “Hold” rating given on Monday, January 9 by Deutsche Bank. The stock of Ramco-Gershenson Properties Trust (NYSE:RPT) earned “Hold” rating by Robert W. Baird on Tuesday, August 22. The stock has “Neutral” rating by Robert W. Baird on Tuesday, July 19. Deutsche Bank upgraded the stock to “Buy” rating in Tuesday, January 5 report.

The stock decreased 2.52% or $0.35 on September 15, reaching $13.52. About 1.14 million shares traded or 66.06% up from the average. Ramco-Gershenson Properties Trust (NYSE:RPT) has declined 25.59% since September 17, 2016 and is downtrending. It has underperformed by 42.29% the S&P500.

Analysts await Ramco-Gershenson Properties Trust (NYSE:RPT) to report earnings on November, 7. They expect $0.34 EPS, 0.00 % or $0.00 from last year’s $0.34 per share. RPT’s profit will be $26.91M for 9.94 P/E if the $0.34 EPS becomes a reality. After $0.35 actual EPS reported by Ramco-Gershenson Properties Trust for the previous quarter, Wall Street now forecasts -2.86 % negative EPS growth.

Ramco-Gershenson Properties Trust is an equity real estate investment trust. The company has market cap of $1.07 billion. The Company’s primary business is the ownership, management, redevelopment, development and operation of retail shopping centers. It has a 32.93 P/E ratio. As of December 31, 2016, it owned and managed multi-anchored shopping centers in 12 metropolitan markets in the United States.

More notable recent Ramco-Gershenson Properties Trust (NYSE:RPT) news were published by: Globenewswire.com which released: “Ramco-Gershenson Properties Trust Announces Third Quarter 2017 Common and …” on August 31, 2017, also Seekingalpha.com with their article: “Ramco-Gershenson: Should You Be Shopping For This 7% Yielder?” published on June 26, 2017, Globenewswire.com published: “Ramco-Gershenson Properties Trust Announces Conference Call and Investor …” on January 12, 2017. More interesting news about Ramco-Gershenson Properties Trust (NYSE:RPT) were released by: Globenewswire.com and their article: “Ramco-Gershenson Properties Trust Announces 5% Increase in Common Share Dividend” published on September 06, 2016 as well as Globenewswire.com‘s news article titled: “Ramco-Gershenson Properties Trust Announces 2016 Year End Tax Reporting …” with publication date: January 26, 2017.

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