Ramco-Gershenson Properties Trust (RPT) : During the past 4 weeks, traders have been relatively bearish on Ramco-Gershenson Properties Trust (RPT), hence the stock is down -3.65% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.39% relative to the S&P 500. The 4-week change in the price of the stock is -5.6% and the stock has fallen -2.88% in the past 1 week.
The stock has recorded a 20-day Moving Average of 6% and the 50-Day Moving Average is 7.88%.The 200 Day SMA reached 0.96% Ramco-Gershenson Properties Trust has dropped 1.22% during the last 3-month period . Year-to-Date the stock performance stands at 10.21%.
Ramco-Gershenson Properties Trust (RPT) : The highest level Ramco-Gershenson Properties Trust (RPT) is projected to reach is $23 for the short term and the lowest estimate is at $17. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $20.68 and the possibility the share price can swing is $1.71.
For the current week, the company shares have a recommendation consensus of Buy. Ramco-Gershenson Properties Trust (NYSE:RPT): The stock opened at $17.68 and touched an intraday high of $17.95 on Friday. During the day, the stock corrected to an intraday low of $17.54, however, the bulls stepped in and pushed the price higher to close in the green at $17.88 with a gain of 1.36% for the day. The total traded volume for the day was 1,649,008. The stock had closed at $17.88 in the previous trading session.
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.