Today, IndexIQ Advisors LLC decides to keep it stake in Ramco-Gershenson Properties Trust (RPT) to the level of $1,468,000

Today, IndexIQ Advisors LLC decides to keep it stake in Ramco-Gershenson Properties Trust (RPT) to the level of $1,468,000

IndexIQ Advisors LLC increased its position in Ramco-Gershenson Properties Trust (NYSE:RPT) by 24.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,357 shares of the real estate investment trust’s stock after buying an additional 15,309 shares during the period. IndexIQ Advisors LLC owned 0.10% of Ramco-Gershenson Properties Trust worth $1,468,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of RPT. State Street Corp boosted its position in shares of Ramco-Gershenson Properties Trust by 3.7% in the first quarter. State Street Corp now owns 2,373,453 shares of the real estate investment trust’s stock worth $42,793,000 after buying an additional 85,067 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Ramco-Gershenson Properties Trust by 40.9% in the first quarter. Renaissance Technologies LLC now owns 914,001 shares of the real estate investment trust’s stock worth $16,479,000 after buying an additional 265,184 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Ramco-Gershenson Properties Trust by 10.0% in the first quarter. Legal & General Group Plc now owns 165,484 shares of the real estate investment trust’s stock worth $2,981,000 after buying an additional 15,033 shares in the last quarter. Pensionfund Sabic bought a new position in shares of Ramco-Gershenson Properties Trust during the second quarter worth $157,000. Finally, Pensionfund DSM Netherlands bought a new position in shares of Ramco-Gershenson Properties Trust during the second quarter worth $431,000.

Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) traded up 0.47% during midday trading on Friday, hitting $17.17. The stock had a trading volume of 100,968 shares. Ramco-Gershenson Properties Trust has a one year low of $15.50 and a one year high of $20.24. The firm’s 50-day moving average is $17.22 and its 200 day moving average is $18.47. The company has a market capitalization of $1.36 billion, a PE ratio of 22.59 and a beta of 0.85.

Ramco-Gershenson Properties Trust (NYSE:RPT) last issued its quarterly earnings results on Tuesday, November 1st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Ramco-Gershenson Properties Trust had a return on equity of 8.35% and a net margin of 25.44%. The business had revenue of $64.08 million for the quarter, compared to analyst estimates of $64.53 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts expect that Ramco-Gershenson Properties Trust will post $1.36 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on RPT shares. Zacks Investment Research upgraded Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. Wunderlich raised their price objective on Ramco-Gershenson Properties Trust from $20.00 to $21.50 and gave the stock a “buy” rating in a research report on Friday, August 5th. Finally, Jefferies Group restated a “buy” rating on shares of Ramco-Gershenson Properties Trust in a research report on Monday, August 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.36.

About Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust is an integrated real estate investment trust. The Company’s primary business is the ownership and management of multi-anchored shopping centers primarily in approximately 10 metropolitan markets in the United States. The Company’s property portfolio includes approximately 70 shopping centers and an office building comprising approximately 15.3 million square feet.

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