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ValuEngine upgraded Ramco-Gershenson Properties Trust (NYSE:RPT) to Buy in a report released today.

ValuEngine has upgraded Ramco-Gershenson Properties Trust (NYSE:RPT) to Buy in a report released on Saturday July 08, 2017.

Previously on Thursday June 29, 2017, KeyCorp released a statement about Ramco-Gershenson Properties Trust (NYSE:RPT) reduced the target price from $18.00 to $16.00. At the time, this indicated a possible upside of 0.21%.

Just yesterday Ramco-Gershenson Properties Trust (NYSE:RPT) traded -2.21% lower at $12.75. Ramco-Gershenson Properties Trust’s 50-day moving average is $13.43 and its 200-day moving average is $13.98. The last stock price is down -4.85% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 692,465 shares of RPT traded hands, down from an average trading volume of 1,001,160

Recent Performance Chart

Ramco-Gershenson Properties Trust (NYSE:RPT)

Ramco-Gershenson Properties Trust has P/E ratio of 32.44 with a 52 week low of $11.86 and a 52 week high of $19.89 and has a market capitalization of $0.

Also covering Ramco-Gershenson Properties Trust's price target, a total of 12 analysts have released a report on RPT. The one year target is $19.75 with three equity analysts rating the company a strong buy, four brokerages rating the company a buy, 3 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About 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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