RPT Realty (NYSE:RPT) Releases FY22 Earnings Guidance

RPT Realty (NYSE:RPTGet Rating) updated its FY22 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.01-1.05 for the period, compared to the consensus estimate of $1.04.

A number of equities research analysts have commented on the company. Raymond James decreased their price target on RPT Realty from $16.00 to $15.00 and set an outperform rating for the company in a research note on Friday, February 18th. StockNews.com assumed coverage on RPT Realty in a research note on Thursday, March 31st. They issued a hold rating for the company. TheStreet cut RPT Realty from a b- rating to a c rating in a research note on Wednesday, February 16th. Finally, Zacks Investment Research upgraded RPT Realty from a hold rating to a buy rating and set a $16.00 price objective for the company in a research note on Wednesday, April 27th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, RPT Realty has a consensus rating of Buy and an average price target of $15.60.

RPT traded down $0.23 during trading on Friday, hitting $12.73. The company’s stock had a trading volume of 422,182 shares, compared to its average volume of 427,727. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.10. RPT Realty has a twelve month low of $11.82 and a twelve month high of $14.99. The business’s fifty day simple moving average is $13.45 and its 200 day simple moving average is $13.29. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 1.35 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 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.20). RPT Realty had a net margin of 26.20% and a return on equity of 7.27%. The business had revenue of $56.09 million during the quarter, compared to analyst estimates of $54.80 million. During the same period in the previous year, the business posted $0.19 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities research analysts forecast that RPT Realty will post 1.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 17th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Thursday, June 16th. RPT Realty’s payout ratio is currently 85.25%.

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of RPT Realty in the fourth quarter worth approximately $9,990,000. Barclays PLC boosted its stake in shares of RPT Realty by 28.5% in the fourth quarter. Barclays PLC now owns 114,030 shares of the real estate investment trust’s stock worth $1,526,000 after acquiring an additional 25,282 shares during the last quarter. BlackRock Inc. boosted its stake in shares of RPT Realty by 5.8% in the fourth quarter. BlackRock Inc. now owns 15,585,364 shares of the real estate investment trust’s stock worth $208,533,000 after acquiring an additional 861,255 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of RPT Realty by 4.4% in the fourth quarter. California State Teachers Retirement System now owns 114,665 shares of the real estate investment trust’s stock worth $1,534,000 after acquiring an additional 4,836 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of RPT Realty by 17.8% in the fourth quarter. Parametric Portfolio Associates LLC now owns 483,359 shares of the real estate investment trust’s stock worth $6,467,000 after acquiring an additional 73,079 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors.

About RPT Realty (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.

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Earnings History and Estimates for RPT Realty (NYSE:RPT)

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