Ramco-Gershenson Stock Falls On Unusually High Volume (RPT)
NEW YORK ( TheStreet) -- Ramco-Gershenson Properties (NYSE: RPT) is trading at unusually high volume Thursday with 2.1 million shares changing hands. It is currently at 9.3 times its average daily volume and trading down 48 cents (-3.9%) at $11.92 as of 10:01 a.m. ET. Ramco-Gershenson has a market cap of $498.7 million and is part of the financial sector and real estate industry. Shares are up 26.1% year to date as of the close of trading on Wednesday. Ramco-Gershenson Properties Trust, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. It engages in the ownership, development, acquisition, management, and leasing of community shopping centers, regional malls, and single tenant retail properties. TheStreet Ratings rates Ramco-Gershenson as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and feeble growth in the company's earnings per share. You can view the full Ramco-Gershenson Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.