Wall Street analysts expect that Ramco-Gershenson Properties Trust (NYSE:RPT) will post $0.32 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Ramco-Gershenson Properties Trust’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.30. Ramco-Gershenson Properties Trust posted earnings per share of $0.31 during the same quarter last year, which indicates a positive year-over-year growth rate of 3.2%. The company is expected to issue its next earnings results after the market closes on Wednesday, February 20th.
On average, analysts expect that Ramco-Gershenson Properties Trust will report full-year earnings of $1.36 per share for the current year, with EPS estimates ranging from $1.34 to $1.37. For the next fiscal year, analysts expect that the firm will post earnings of $1.23 per share, with EPS estimates ranging from $1.11 to $1.31. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Ramco-Gershenson Properties Trust.
Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.07. Ramco-Gershenson Properties Trust had a net margin of 16.33% and a return on equity of 5.47%. The firm had revenue of $64.22 million for the quarter, compared to analyst estimates of $62.37 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The business’s revenue was down 2.6% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of RPT. BlackRock Inc. grew its position in shares of Ramco-Gershenson Properties Trust by 6.9% during the 2nd quarter. BlackRock Inc. now owns 15,004,465 shares of the real estate investment trust’s stock worth $198,209,000 after buying an additional 962,944 shares during the period. Legal & General Group Plc grew its position in Ramco-Gershenson Properties Trust by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 394,426 shares of the real estate investment trust’s stock valued at $5,208,000 after purchasing an additional 9,577 shares during the period. Dimensional Fund Advisors LP grew its position in Ramco-Gershenson Properties Trust by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,265,899 shares of the real estate investment trust’s stock valued at $16,722,000 after purchasing an additional 12,067 shares during the period. Laurion Capital Management LP acquired a new stake in Ramco-Gershenson Properties Trust in the 2nd quarter valued at $172,000. Finally, Raymond James & Associates grew its position in Ramco-Gershenson Properties Trust by 1.7% in the 2nd quarter. Raymond James & Associates now owns 252,196 shares of the real estate investment trust’s stock valued at $3,332,000 after purchasing an additional 4,187 shares during the period.
RPT traded down $0.07 during trading on Thursday, reaching $12.35. The company had a trading volume of 47,853 shares, compared to its average volume of 696,873. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.57 and a current ratio of 0.57. Ramco-Gershenson Properties Trust has a 12 month low of $11.15 and a 12 month high of $14.42. The firm has a market cap of $995.51 million, a P/E ratio of 8.98, a PEG ratio of 2.89 and a beta of 0.71.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Thursday, December 20th were issued a $0.22 dividend. The ex-dividend date was Wednesday, December 19th. This represents a $0.88 dividend on an annualized basis and a yield of 7.13%. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 64.71%.
Ramco-Gershenson Properties Trust Company Profile
RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's locally-curated consumer experiences reflect the lifestyles of its diverse neighborhoods and match the modern expectations of its retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange under the ticker symbol RPT.
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