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Stock Market & Financial Investment News

News Breaks
January 16, 2013
07:40 EDTRPTRamco-Gershenson upgraded to Neutral from Underweight at JPMorgan
Price target $14.50.
News For RPT From The Last 14 Days
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July 30, 2014
16:16 EDTRPTRamco-Gershenson files to sell 5.25M common shares of beneficial interest
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July 22, 2014
16:08 EDTRPTRamco-Gershenson acquires two shopping centers for $150M
Ramco-Gershenson Properties Trust announced that it has acquired two strategic, multi-anchored community shopping centers in Minneapolis-St. Paul, Minnesota and Cincinnati, Ohio for approximately $150M. The acquisitions were financed with $58.6M of assumed mortgage debt, $9.9M in disposition proceeds, $60.0M in borrowings under the Company's revolving line of credit, and $21.5M in cash. The Company also announced that in the 1H of FY14 it raised approximately $50M in net cash proceeds by issuing 3.1M common shares through its at-the-market equity program.
16:07 EDTRPTRamco-Gershenson raises FY14 FFO view to $1.22-$1.26 from $1.20-$1.26
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16:06 EDTRPTRamco-Gershenson reports Q2 FFO 31c, consensus 30c
Reports Q2 revenue $49.93M, consensus $49.62M.

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