Shares of RPT Realty (NYSE:RPT) have earned a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $9.88.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised RPT Realty from a “sell” rating to a “hold” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. cut RPT Realty from a “neutral” rating to an “underweight” rating and set a $6.50 price target on the stock. in a report on Wednesday, April 22nd. ValuEngine raised RPT Realty from a “strong sell” rating to a “sell” rating in a report on Friday, May 1st. Compass Point cut RPT Realty from a “neutral” rating to a “sell” rating and set a $8.00 price target on the stock. in a report on Thursday, April 16th. Finally, Deutsche Bank cut their price target on RPT Realty from $13.00 to $8.00 and set a “hold” rating on the stock in a report on Tuesday, May 12th.
Shares of NYSE RPT opened at $6.96 on Wednesday. The company has a quick ratio of 5.61, a current ratio of 5.61 and a debt-to-equity ratio of 1.61. The firm’s 50-day moving average price is $6.61 and its two-hundred day moving average price is $10.06. RPT Realty has a 52-week low of $4.61 and a 52-week high of $15.18. The stock has a market capitalization of $560.07 million, a P/E ratio of 8.00, a P/E/G ratio of 4.52 and a beta of 1.29.
RPT Realty (NYSE:RPT) last issued its earnings results on Monday, May 11th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.28). The business had revenue of $52.88 million during the quarter, compared to the consensus estimate of $58.05 million. RPT Realty had a return on equity of 11.29% and a net margin of 35.82%. As a group, equities research analysts expect that RPT Realty will post 0.87 earnings per share for the current year.
In related news, Director Richard L. Federico acquired 7,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $4.96 per share, for a total transaction of $34,720.00. Following the completion of the purchase, the director now directly owns 22,258 shares of the company’s stock, valued at $110,399.68. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.84% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in RPT Realty by 8.2% in the first quarter. Wellington Management Group LLP now owns 6,893,584 shares of the real estate investment trust’s stock valued at $41,568,000 after acquiring an additional 525,353 shares during the last quarter. State Street Corp lifted its stake in RPT Realty by 9.7% in the first quarter. State Street Corp now owns 4,538,144 shares of the real estate investment trust’s stock valued at $28,307,000 after acquiring an additional 399,842 shares during the last quarter. Weiss Multi Strategy Advisers LLC lifted its stake in RPT Realty by 4.0% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 2,087,094 shares of the real estate investment trust’s stock valued at $12,585,000 after acquiring an additional 79,558 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in RPT Realty by 329.5% in the fourth quarter. Nuveen Asset Management LLC now owns 1,491,955 shares of the real estate investment trust’s stock valued at $22,440,000 after acquiring an additional 1,144,572 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in RPT Realty by 5.8% in the first quarter. Geode Capital Management LLC now owns 1,439,719 shares of the real estate investment trust’s stock valued at $8,681,000 after acquiring an additional 78,427 shares during the last quarter.
About RPT Realty
RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's locally-curated consumer experiences reflect the lifestyles of its diverse neighborhoods and match the modern expectations of its retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange under the ticker symbol RPT.
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