Ramco-Gershenson Stock Hits New 52-Week High (RPT)
Ramco-Gershenson Properties (NYSE:RPT) hit a new 52-week high Tuesday as it changed hands at $13.54 compared with its previous 52-week high of $13.52. Ramco-Gershenson is currently trading at $13.48 with 2,627 shares changing hands as of 9:31 a.m..
NEW YORK ( TheStreet) -- Ramco-Gershenson Properties (NYSE: RPT) hit a new 52-week high Tuesday as it traded at $13.54 compared with its previous 52-Week high of $13.52. Ramco-Gershenson is changing hands at $13.48 with 2,627 shares traded as of 9:31 a.m. ET. Average volume has been 280,200 shares over the past 30 days. Ramco-Gershenson has a market cap of $505.4 million and is part of the financial sector and real estate industry. Shares are up 8.3% year to date as of the close of trading on Monday. 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 solid stock price performance, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. You can view the full Ramco-Gershenson Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.