In a report released yesterday, Jordan Sadler from KeyBanc reiterated a Buy rating on Ramco-Gershenson (NYSE: RPT), with a price target of $15. The company’s shares opened today at $13.19.
According to TipRanks.com, Sadler is a 3-star analyst with an average return of 3.7% and a 57.1% success rate. Sadler covers the Financial sector, focusing on stocks such as MedEquities Realty Trust, QTS Realty Trust, and Coresite Realty.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ramco-Gershenson with a $14 average price target.
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The company has a one-year high of $15 and a one-year low of $11.15. Currently, Ramco-Gershenson has an average volume of 539.3K.
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.
