RPT In Transition, Remains Undervalued

Ramco-Gershenson Properties Trust, Ltd. RPT is currently in transition with a new CFO, and corporate governance improvements and strengthened balance sheet/enhanced liquidity have helped its position, according to Keefe, Bruyette & Woods. Keefe, Bruyette & Woods reports that RPT shares are trading at a discounted value compared to its peers, given the exposure to challenging markets and de-leveraging of plans. Keefe, Bruyette & Woods maintains its Outperform rating and $12 price target. Ramco-Gershenson Properties Trust, Ltd. closed yesterday at $10.44.