Jefferies Maintains a 'Hold' on Ramco-Gershenson Properties (RPT); Post 3Q11 Review: Raising PT & Estimates

Jefferies maintains a 'Hold' on Ramco-Gershenson Properties Trust (NYSE: RPT) price target raised from $8 to $10.

Jefferies analyst says, "We are revising our '11/'12 FFO/sh reported estimates to $0.95 and $0.90, from $0.94 and $0.98, respectively. While our new estimates suggest declining FFO/sh, 2011 FFO/sh is benefiting from $0.08 of non-recurring income. Recurring FFO/sh of $0.87 in 2011 vs. our $0.90 FFO/sh estimate in '12 suggests 3.5% core earnings growth. Due to an improving outlook, we are raising our PT."

For more ratings news on Ramco-Gershenson Properties Trust click here and for the rating history of Ramco-Gershenson Properties Trust click here.

Shares of Ramco-Gershenson Properties Trust closed at $9.25 yesterday.

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