Macquarie Group Ltd Opened Huge Ramco Gershenson Properties Trust Position

February 14, 2018 - By Jan Rainey

 Macquarie Group Ltd Opened Huge Ramco Gershenson Properties Trust Position

Investors sentiment decreased to 1.14 in Q3 2017. Its down 0.19, from 1.33 in 2017Q2. It turned negative, as 17 investors sold Ramco-Gershenson Properties Trust shares while 48 reduced holdings. 19 funds opened positions while 55 raised stakes. 78.16 million shares or 0.17% less from 78.30 million shares in 2017Q2 were reported.

Ny State Teachers Retirement Systems holds 31,538 shares. Bnp Paribas Asset Sa owns 452,622 shares. New Mexico Educational Retirement Board owns 11,298 shares for 0.01% of their portfolio. California Public Employees Retirement Sys, a California-based fund reported 142,970 shares. Manufacturers Life Insur Co The invested in 61,428 shares. D E Shaw & Company has invested 0% in Ramco-Gershenson Properties Trust (NYSE:RPT). Daiwa Group Inc Incorporated stated it has 0% of its portfolio in Ramco-Gershenson Properties Trust (NYSE:RPT). Virginia Retirement Et Al holds 0.04% of its portfolio in Ramco-Gershenson Properties Trust (NYSE:RPT) for 272,300 shares. Hillcrest Asset Management Ltd Co, Texas-based fund reported 525,275 shares. Pnc Fin Ser Group Inc Inc holds 0% of its portfolio in Ramco-Gershenson Properties Trust (NYSE:RPT) for 2,913 shares. Cornercap Counsel accumulated 52,690 shares. Pub Sector Pension Investment Board owns 49,335 shares. Los Angeles Mngmt And Equity Research Incorporated reported 0% stake. 70,144 are owned by State Of Tennessee Treasury Department. Moreover, Ls Inv Advsr Lc has 0% invested in Ramco-Gershenson Properties Trust (NYSE:RPT).

The New Macquarie Group Ltd Holding in Ramco Gershenson Properties Trust

Macquarie Group Ltd reported SC 13G form with the SEC for Ramco Gershenson Properties Trust. Access it here: 000119312518042919. As reported by Macquarie Group Ltd, the filler owns 7.74% or 6,139,987 shares of the Finance–company.

Ramco Gershenson Properties Trust stake is new for [reportingPerson]. Date of activity: December29, 2017. This shows Macquarie Group Ltd’s positive view for Ramco Gershenson Properties Trust.

Ramco Gershenson Properties Trust Institutional Sentiment

Filings show 147 investors own Ramco Gershenson Properties Trust. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 11815114. 67843954 were owned by these investors. 13 funds opened new Ramco Gershenson Properties Trust stakes, 51 increased positions. There were 13 that closed positions and 53 reduced them.

Cbre Clarion Securities Llc is an investor bullish on Ramco Gershenson Properties Trust, owning 1688413 shares as of Q3 2015 for 0.21% of its portfolio. Covenant Multifamily Offices Llc owns 809 shares or 0.01% of its portfolio. MD Lasalle Investment Management Securities Llc have 0.76% of its portfolio for 4324046 shares. Further, Real Estate Management Services Llc reported stake worth 0.72% of its portfolio. The K3 Segantii Capital Management Ltd owns 430400 shares. Ramco Gershenson Properties Trust is 1.48% of its portfolio.

Business Profile

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.

SEC Form 13G.

Analysts await Ramco-Gershenson Properties Trust (NYSE:RPT) to report earnings on February, 20. They expect $0.33 EPS, 0.00 % or $0.00 from last year’s $0.33 per share. RPT’s profit will be $26.82 million for 8.91 P/E if the $0.33 EPS becomes a reality. After $0.34 actual EPS reported by Ramco-Gershenson Properties Trust for the previous quarter, Wall Street now forecasts -2.94 % negative EPS growth.

The stock decreased 0.17% or $0.02 during the last trading session, reaching $11.76. About 772,350 shares traded or 39.80% up from the average. Ramco-Gershenson Properties Trust (NYSE:RPT) has declined 25.59% since February 14, 2017 and is downtrending. It has underperformed by 42.29% the S&P500.

Ramco-Gershenson Properties Trust is a premier, national publicly-traded shopping center real estate investment trust (REIT) based in Farmington Hills, Michigan. The company has market cap of $955.89 million. The Company's primary business is the ownership and management of regional dominant and urban-oriented, infill shopping centers in key growth markets in the 40 largest metropolitan markets in the United States. It has a 19.6 P/E ratio. At September 30, 2017, the Company owned interests in and managed a portfolio of 60 shopping centers and two joint venture properties.

Ramco-Gershenson Properties Trust (NYSE:RPT) Ratings Coverage

Among 9 analysts covering Ramco-Gershenson (NYSE:RPT), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. Ramco-Gershenson has $21.50 highest and $12.5000 lowest target. $15.86’s average target is 34.86% above currents $11.76 stock price. Ramco-Gershenson had 22 analyst reports since November 2, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Wednesday, December 13. Wunderlich upgraded it to “Buy” rating and $19 target in Monday, November 2 report. The company was downgraded on Tuesday, July 19 by Robert W. Baird. Robert W. Baird maintained Ramco-Gershenson Properties Trust (NYSE:RPT) rating on Tuesday, August 22. Robert W. Baird has “Hold” rating and $13.0 target. Robert W. Baird maintained Ramco-Gershenson Properties Trust (NYSE:RPT) on Tuesday, October 31 with “Hold” rating. The rating was downgraded by BTIG Research on Thursday, November 2 to “Neutral”. The firm has “Buy” rating by DA Davidson given on Friday, April 1. The firm has “Underperform” rating by Boenning & Scattergood given on Tuesday, June 28. The rating was maintained by Jefferies on Monday, October 16 with “Hold”. The company was maintained on Wednesday, February 22 by Stifel Nicolaus.

More notable recent Ramco-Gershenson Properties Trust (NYSE:RPT) news were published by: Nasdaq.com which released: “Ramco-Gershenson Properties Trust (RPT) Ex-Dividend Date Scheduled for …” on December 18, 2017, also Nasdaq.com with their article: “Ramco-Gershenson Properties Trust (RPT) Passes Through 6% Yield Mark” published on January 02, 2018, Seekingalpha.com published: “Ramco-Gershenson Properties Trust’s (RPT) CEO Dennis Gershenson on Q2 2017 …” on August 02, 2017. More interesting news about Ramco-Gershenson Properties Trust (NYSE:RPT) were released by: Globenewswire.com and their article: “Ramco-Gershenson Properties Trust Announces Fourth Quarter 2017 Common and …” published on November 30, 2017 as well as Globenewswire.com‘s news article titled: “Ramco-Gershenson Properties Trust Announces 2017 Year End Tax Reporting …” with publication date: January 26, 2018.

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