Ramco-Gershenson Properties Trust (RPT) was Initiated by Jefferies to “Buy”. Jefferies advised their investors in a research report released on Jun 30, 2016.
Many Wall Street Analysts have commented on Ramco-Gershenson Properties Trust. 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 opened for trading at $18.95 and hit $19.22 on the upside on Wednesday, eventually ending the session at $19.21, with a gain of 1.75% or 0.33 points. The heightened volatility saw the trading volume jump to 2,44,798 shares. Company has a market cap of $1,522 M.
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.