Ramco-Gershenson Stock To Go Ex-dividend Tomorrow (RPT)

NEW YORK ( TheStreet) -- The ex-dividend date for Ramco-Gershenson Properties (NYSE: RPT) is tomorrow, March 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $11.68 as of 9:30 a.m. ET, the dividend yield is 5.6%.

The average volume for Ramco-Gershenson has been 255,300 shares per day over the past 30 days. Ramco-Gershenson has a market cap of $444 million and is part of the financial sector and real estate industry. Shares are up 18.9% 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. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Ramco-Gershenson Ratings Report.

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