NEW YORK (
) -- The ex-dividend date for
) is tomorrow, September 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $9.73 as of 9:30 a.m. ET, the dividend yield is 6.8%.
The average volume for Ramco-Gershenson has been 255,700 shares per day over the past 30 days. Ramco-Gershenson has a market cap of $367.8 million and is part of the
industry. Shares are down 22.7% 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.
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TheStreet Ratings rates Ramco-Gershenson as a
. 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 weak operating cash flow. You can view the full