Analysts Set RPT Realty (NYSE:RPT) Target Price at $15.60

Shares of RPT Realty (NYSE:RPTGet Rating) have earned an average rating of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $15.50.

RPT has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on shares of RPT Realty in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research cut shares of RPT Realty from a “buy” rating to a “hold” rating in a research note on Tuesday. Raymond James dropped their target price on shares of RPT Realty from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, February 18th. Finally, TheStreet cut shares of RPT Realty from a “b-” rating to a “c” rating in a research note on Wednesday, February 16th.

RPT stock traded down $0.06 during trading on Friday, reaching $12.24. The stock had a trading volume of 6,653 shares, compared to its average volume of 491,554. RPT Realty has a one year low of $11.82 and a one year high of $14.99. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.76 and a quick ratio of 0.64. The stock has a 50 day moving average price of $13.44. The stock has a market cap of $1.04 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 1.27 and a beta of 1.46.

RPT Realty (NYSE:RPTGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.20). RPT Realty had a return on equity of 7.22% and a net margin of 26.20%. The firm had revenue of $56.09 million during the quarter, compared to the consensus estimate of $54.80 million. During the same period in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities research analysts anticipate that RPT Realty will post 1.04 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 17th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Thursday, June 16th. RPT Realty’s payout ratio is 85.25%.

Several hedge funds have recently made changes to their positions in the stock. Swiss National Bank lifted its stake in shares of RPT Realty by 11.3% during the 1st quarter. Swiss National Bank now owns 199,300 shares of the real estate investment trust’s stock valued at $2,744,000 after buying an additional 20,300 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of RPT Realty by 11.3% during the 1st quarter. Teacher Retirement System of Texas now owns 17,415 shares of the real estate investment trust’s stock valued at $240,000 after buying an additional 1,772 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of RPT Realty by 14.5% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 38,454 shares of the real estate investment trust’s stock valued at $530,000 after buying an additional 4,856 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of RPT Realty by 90.6% during the 1st quarter. New York State Common Retirement Fund now owns 104,404 shares of the real estate investment trust’s stock valued at $1,438,000 after buying an additional 49,630 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of RPT Realty by 30.1% during the 1st quarter. Victory Capital Management Inc. now owns 40,628 shares of the real estate investment trust’s stock valued at $540,000 after buying an additional 9,398 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

RPT Realty Company Profile (Get Rating)

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners.

Featured Articles

Analyst Recommendations for RPT Realty (NYSE:RPT)

Receive News & Ratings for RPT Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPT Realty and related companies with MarketBeat.com's FREE daily email newsletter.