Ramco-Gershenson Properties Trust (RPT) : 11 analysts are covering Ramco-Gershenson Properties Trust (RPT) and their average rating on the stock is 2.09, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Ramco-Gershenson Properties Trust (RPT) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Ramco-Gershenson Properties Trust (RPT) : Average target price received by Ramco-Gershenson Properties Trust (RPT) is $20.68 with an expected standard deviation of $1.71. The most aggressive target on the stock is $23, whereas the most downbeat target is $17. 11 financial analysts are currently covering the stock.
Also, Baird downgrades their rating on the shares of Ramco-Gershenson Properties Trust (NYSE:RPT). The current rating of the shares is Neutral. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on July 19, 2016.
Ramco-Gershenson Properties Trust (NYSE:RPT): After opening at $17.8, the stock dipped to an intraday low of $17.66 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $17.88 and the buying power remained strong till the end. The stock closed at $17.86 for the day, a gain of 0.34% for the day session. The total traded volume was 612,233. The stocks close on the previous trading day was $17.8.
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.