Ramco-Gershenson Properties Trust (RPT) was Downgraded by Robert W. Baird to ” Neutral” and the brokerage firm has set the Price Target at $20. Earlier the firm had a rating of “Outperform ” on the company shares. Robert W. Baird advised their investors in a research report released on Jul 19, 2016.
Many Wall Street Analysts have commented on Ramco-Gershenson Properties Trust. Ramco-Gershenson Properties Trust was Initiated by Jefferies to “Buy” on Jun 30, 2016. Company shares were Reiterated by Wunderlich on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $19 .
Ramco-Gershenson Properties Trust closed down -0.04 points or -0.20% at $20.05 with 4,52,724 shares getting traded on Monday. Post opening the session at $20.11, the shares hit an intraday low of $19.97 and an intraday high of $20.19 and the price fluctuated in this range throughout the day.Shares ended Monday 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.