RPT Realty (NYSE:RPT) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of RPT Realty (NYSE:RPTGet Rating) from a sell rating to a hold rating in a research note released on Monday.

Several other equities analysts have also recently weighed in on the company. Jefferies Financial Group cut RPT Realty from a buy rating to a hold rating and reduced their price target for the company from $16.00 to $10.00 in a research report on Thursday, June 30th. Mizuho lowered RPT Realty from a buy rating to a neutral rating and dropped their price objective for the company from $12.00 to $11.00 in a research note on Tuesday, August 16th. Credit Suisse Group initiated coverage on RPT Realty in a research note on Wednesday, June 22nd. They set an outperform rating and a $13.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on RPT Realty from $17.00 to $14.00 in a research note on Monday, July 11th. Finally, Raymond James dropped their price objective on RPT Realty from $15.00 to $13.00 and set an outperform rating for the company in a research note on Thursday, September 1st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, RPT Realty currently has a consensus rating of Moderate Buy and an average price target of $12.50.

RPT Realty Price Performance

Shares of NYSE RPT opened at $9.89 on Monday. The stock has a market cap of $841.75 million, a PE ratio of 38.04, a price-to-earnings-growth ratio of 1.15 and a beta of 1.50. RPT Realty has a fifty-two week low of $9.25 and a fifty-two week high of $14.99. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a fifty day moving average of $10.22 and a 200-day moving average of $11.63.

RPT Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Tuesday, September 20th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 5.26%. The ex-dividend date is Monday, September 19th. RPT Realty’s dividend payout ratio (DPR) is currently 200.01%.

Institutional Investors Weigh In On RPT Realty

Hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new stake in shares of RPT Realty in the 2nd quarter valued at about $42,000. Legal & General Group Plc lifted its stake in shares of RPT Realty by 3.7% in the 2nd quarter. Legal & General Group Plc now owns 714,552 shares of the real estate investment trust’s stock valued at $7,024,000 after acquiring an additional 25,716 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of RPT Realty by 58.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 496,780 shares of the real estate investment trust’s stock valued at $4,883,000 after acquiring an additional 183,778 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of RPT Realty by 3.8% in the 2nd quarter. Jane Street Group LLC now owns 29,017 shares of the real estate investment trust’s stock valued at $285,000 after acquiring an additional 1,062 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of RPT Realty by 61.0% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,409 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 8,868 shares during the last quarter. Institutional investors own 97.46% of the company’s stock.

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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Analyst Recommendations for RPT Realty (NYSE:RPT)

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