Ramco-Gershenson Properties Trust (RPT) has been under a strong bear grip, hence the stock is down -2.46% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.27% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.2% in the last 1 week, and is up 0.81% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.01% and the 50-Day Moving Average is 5.65%. Ramco-Gershenson Properties Trust is up 13.31% in the last 3-month period. Year-to-Date the stock performance stands at 22.3%.
Ramco-Gershenson Properties Trust (NYSE:RPT): stock turned positive on Friday. Though the stock opened at $19.67, the bulls momentum made the stock top out at $19.96 level for the day. The stock recorded a low of $19.67 and closed the trading day at $19.84, in the green by 0.86%. The total traded volume for the day was 1,154,455. The stock had closed at $19.67 in the previous days trading.
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.