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Jefferies & Co downgraded Ramco-Gershenson Properties Trust (NYSE:RPT) from Buy to Hold in a report released today.

Yesterday Ramco-Gershenson Properties Trust (NYSE:RPT) traded -3.89% lower at $13.46. The company’s 50-day moving average is $13.56 and its 200-day moving average is $13.52. The last closing price is down -1.38% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 357,313 shares of the stock traded hands, down from an average trading volume of 819,294

Jefferies & Co has downgraded Ramco-Gershenson Properties Trust (NYSE:RPT) from Buy to Hold in a report released on Friday September 15, 2017.

Previously on 07/11/2017, FBR Capital reported on Ramco-Gershenson Properties Trust (NYSE:RPT) increased the target price from $0.00 to $15.00. At the time, this indicated a possible upside of 0.17%.

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Ramco-Gershenson Properties Trust (NYSE:RPT)

Ramco-Gershenson Properties Trust has a 52 week low of $11.86 and a 52 week high of $19.05 with a PE ratio of 32.51 Ramco-Gershenson Properties Trust’s market capitalization is currently $0.

In addition to Jefferies & Co reporting its stock price target, a total of 12 brokerages have issued a ratings update on the company. The average stock price target is $19.75 with 3 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Ramco-Gershenson Properties Trust (NYSE:RPT)

Ramco-Gershenson Properties Trust is an equity real estate investment trust. The Company's primary business is the ownership, management, redevelopment, development and operation of retail shopping centers. As of December 31, 2016, it owned and managed multi-anchored shopping centers in 12 metropolitan markets in the United States. It conducts its business through its operating partnership, Ramco-Gershenson Properties, L.P. It invests in large, multi-anchored shopping centers that include national chain store tenants and supermarket tenants. National chain anchor tenants in its centers include, among others, Bed Bath and Beyond, Dick's Sporting Goods, and Home Depot. Supermarket anchor tenants in its centers include, among others, Publix Super Market, Whole Foods, Kroger and Sprouts. Its shopping centers are located in metropolitan markets, such as Metro Detroit, Southeast Florida, Greater Denver, Cincinnati, St. Louis, Jacksonville, Tampa/Lakeland, Milwaukee, Chicago and Atlanta.

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