Jefferies analyst Omotayo Okusanya reiterated a Hold rating on Ramco-Gershenson (NYSE: RPT) yesterday and set a price target of $13. The company’s shares closed yesterday at $12.71.
According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 7.5% and a 60.8% success rate. Okusanya covers the Financial sector, focusing on stocks such as Easterly Government Properties, NexPoint Residential Trust Inc, and DCT Industrial Trust Inc.
Ramco-Gershenson has an analyst consensus of Moderate Sell, with a price target consensus of $12.17.
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Ramco-Gershenson’s market cap is currently $1.01B and has a P/E ratio of 18.42. The company has a Price to Book ratio of 1.32.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock.
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Ramco-Gershenson Properties Trust operates as a real estate investment trust. It develops, manages, and leases out commercial properties. The company’s portfolio includes shopping centers, supermarkets, and retail shops. Ramco Gershenson Properties was founded on May 1, 1996 and is headquartered in Farmington Hills, MI.
