RPT Realty (NYSE:RPT) Research Coverage Started at Compass Point

Compass Point began coverage on shares of RPT Realty (NYSE:RPT) in a research note published on Thursday, BenzingaRatingsTable reports. The firm issued a sell rating and a $10.50 price target on the real estate investment trust’s stock.

A number of other research analysts have also recently issued reports on the company. ValuEngine cut RPT Realty from a hold rating to a sell rating in a research note on Tuesday, August 6th. Zacks Investment Research raised RPT Realty from a sell rating to a hold rating in a research note on Saturday, May 11th.

Shares of RPT stock opened at $12.00 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.08 and a current ratio of 1.08. RPT Realty has a 52-week low of $11.26 and a 52-week high of $14.42. The company has a market capitalization of $953.88 million, a PE ratio of 8.89, a price-to-earnings-growth ratio of -5.51 and a beta of 0.67. The business’s fifty day moving average is $11.92 and its 200 day moving average is $12.27.

RPT Realty (NYSE:RPT) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.25). RPT Realty had a net margin of 7.90% and a return on equity of 2.63%. The firm had revenue of $57.36 million for the quarter, compared to analysts’ expectations of $57.07 million. During the same quarter in the previous year, the business earned $0.40 EPS. The company’s revenue for the quarter was down 18.0% on a year-over-year basis. On average, sell-side analysts forecast that RPT Realty will post 1.07 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 20th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.88 annualized dividend and a yield of 7.33%. RPT Realty’s payout ratio is 65.19%.

A number of institutional investors have recently bought and sold shares of the business. Northern Trust Corp lifted its holdings in shares of RPT Realty by 1.4% during the second quarter. Northern Trust Corp now owns 3,035,093 shares of the real estate investment trust’s stock valued at $36,755,000 after purchasing an additional 41,066 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of RPT Realty by 5.6% during the second quarter. Invesco Ltd. now owns 1,408,584 shares of the real estate investment trust’s stock valued at $17,058,000 after purchasing an additional 75,140 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of RPT Realty by 1.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,361,547 shares of the real estate investment trust’s stock valued at $16,489,000 after purchasing an additional 18,957 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of RPT Realty by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 1,297,694 shares of the real estate investment trust’s stock valued at $15,715,000 after purchasing an additional 34,550 shares during the last quarter. Finally, United Services Automobile Association lifted its holdings in shares of RPT Realty by 1.4% during the second quarter. United Services Automobile Association now owns 969,907 shares of the real estate investment trust’s stock valued at $11,746,000 after purchasing an additional 12,938 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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