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Empyrean Capital Partners LP Has Increased Hrg Group (HRG) Position; Ramco Gershenson Properties Trust (RPT) Has 1.14 Sentiment

Ramco-Gershenson Properties Trust is a real estate investment trust. The company has market cap of $1.19 billion. The firm invests in real estate markets of the United States. It has a 35.66 P/E ratio. It primary business is the ownership and management of regional dominant and urban-oriented, infill shopping centers.

Empyrean Capital Partners Lp increased Hrg Group Inc (HRG) stake by 161.1% reported in 2017Q2 SEC filing. Empyrean Capital Partners Lp acquired 4.08M shares as Hrg Group Inc (HRG)’s stock declined 0.45%. The Empyrean Capital Partners Lp holds 6.61M shares with $117.03 million value, up from 2.53 million last quarter. Hrg Group Inc now has $3.31 billion valuation. The stock increased 0.94% or $0.15 during the last trading session, reaching $16.68. About 301,027 shares traded. HRG Group, Inc. (NYSE:HRG) has risen 28.87% since December 15, 2016 and is uptrending. It has outperformed by 12.17% the S&P500.

Sorin Capital Management Llc holds 15.74% of its portfolio in Ramco-Gershenson Properties Trust for 1.32 million shares. Hillcrest Asset Management Llc owns 536,566 shares or 1.28% of their US portfolio. Moreover, Waterfront Capital Partners Llc has 1.13% invested in the company for 623,700 shares. The Florida-based Real Estate Management Services Llc has invested 0.65% in the stock. Nwq Investment Management Company Llc, a California-based fund reported 2.93 million shares.

Analysts await Ramco-Gershenson Properties Trust (NYSE:RPT) to report earnings on February, 20. They expect $0.33 earnings per share, 0.00% or $0.00 from last year’s $0.33 per share. RPT’s profit will be $26.83 million for 11.07 P/E if the $0.33 EPS becomes a reality. After $0.34 actual earnings per share reported by Ramco-Gershenson Properties Trust for the previous quarter, Wall Street now forecasts -2.94% negative EPS growth.

The stock increased 1.39% or $0.2 during the last trading session, reaching $14.61. About 176,971 shares traded. Ramco-Gershenson Properties Trust (RPT) has declined 25.59% since December 15, 2016 and is downtrending. It has underperformed by 42.29% the S&P500.

Ratings analysis reveals 50% of Ramco-Gershenson’s analysts are positive. Out of 2 Wall Street analysts rating Ramco-Gershenson, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $17.0 while the high is $19.0. The stock’s average target of $18 is 23.20% above today’s ($14.61) share price. RPT was included in 2 notes of analysts from January 9, 2017. Deutsche Bank downgraded Ramco-Gershenson Properties Trust (NYSE:RPT) rating on Monday, January 9. Deutsche Bank has “Hold” rating and $17.0 target. On Wednesday, February 22 the stock rating was maintained by Stifel Nicolaus with “Buy”.

Empyrean Capital Partners Lp decreased Liberty Media Corp Delaware stake by 129,802 shares to 877,029 valued at $36.57M in 2017Q2. It also reduced Ishares Tr (TLT) stake by 652,600 shares and now owns 119,100 shares. Spdr S&P 500 Etf Tr (Put) (SPY) was reduced too.

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