Ramco-Gershenson Properties Trust (RPT) is Reiterated by Wunderlich to Buy, Raises Price Target to $ 21.50

Ramco-Gershenson Properties Trust (RPT) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 21.50 from a previous price target of $20 . Wunderlich advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on Ramco-Gershenson Properties Trust. Robert W. Baird Downgraded Ramco-Gershenson Properties Trust on Jul 19, 2016 to ” Neutral”, Price Target of the shares are set at $20.Ramco-Gershenson Properties Trust was Initiated by Jefferies to “Buy” on Jun 30, 2016.

On the company’s financial health, Ramco-Gershenson Properties Trust reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.33. The company had revenue of $65.90 million for the quarter, compared to analysts expectations of $65.76 million. The company’s revenue was up 10.4% compared to the same quarter last year.

Ramco-Gershenson Properties Trust closed down -0.13 points or -0.67% at $19.41 with 4,81,020 shares getting traded on Thursday. Post opening the session at $19.49, the shares hit an intraday low of $19.36 and an intraday high of $19.62 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Ramco-Gershenson Properties Trust is an integrated self-administered equity real estate investment trust (REIT) organized in Maryland. The Company is engaged in owning developing redeveloping acquiring managing and leasing shopping centers primarily in the United States. As of December 31 2014 its property portfolio consists of 67 wholly owned shopping centers and one office building consisting of approximately 14.2 million square feet. It owns 20% of Ramco 450 Venture LLC an entity that owns eight shopping centers comprising approximately 1.7 million square feet and 30% of Ramco/Lion Venture L.P. an entity that owns three shopping centers comprising approximately 0.8 million square feet. The Company conducts all of its business through its operating partnership Ramco-Gershenson Properties L.P. The Company invests primarily in shopping centers that include national chain store tenants and market dominant supermarket tenants.

Ramco-Gershenson Properties Trust

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