Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) fell $-0.31 during today’s regular trading session, a -2.41% decrease from the previous closing price of $12.84. The company’s shares traded on stronger-than-usual volume today: $2.21M shares changed hands while the stock’s average volume is 1.14M shares per day. Ramco-Gershenson Properties Trust (RPT) has declined $1.49, or -10.63%, in the last 30 days. This year-to-date, the company’s shares have decreased $4.05, or -24.43%. Over the last 12 months, RPT’s stock price has declined $5.81, or -31.68%. The company’s 52-week range is $12.68 to $19.43.

Ramco-Gershenson Properties Trust (RPT) Earnings Surprises

Ramco-Gershenson Properties Trust announced its recent quarter financial results after the market close on 02/05/2017, crushing consensus estimates with both its revenue and earnings. Ramco-Gershenson Properties Trust posted net revenue of 67.82M, beating Wall Street analysts who had forecast $66.63M.
Before that, quarter ending December 2016, Ramco-Gershenson Properties Trust also surprised analysts by beating the consensus estimate. Revenue during the period amounted to $64.45M, while analysts were anticipating $65.44M.

In the quarter ending September 2016, Ramco-Gershenson Properties Trust delivered an even larger earnings beat. Revenue during that quarter was posted at $64.08M , whereas the consensus estimate was predicting $64.53M.

The company is scheduled to announce its next quarterly financial results on 01/08/2017 after the market close. The average EPS estimate of 8 Wall Street analysts is $0.35 per share, compared to the company’s reported EPS of $0.29 per share in the year-ago quarter. Analysts are forecasting Ramco-Gershenson Properties Trust to report revenue of about $66.24M, versus the $65.88M posted last year.

Ramco-Gershenson Properties Trust (RPT) Consensus Estimates and Price Target

The company’s consensus rating is currently Hold, with 4 analysts rating it a Strong Buy, and 4 analysts rating it with a Hold. The average 12-month price target, as forecast by analysts, is $16.45 , 31.28% higher than the company’s closing price today