American Trust Invests $148,000 in RPT Realty (NYSE:RPT)

American Trust bought a new position in shares of RPT Realty (NYSE:RPTGet Rating) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,720 shares of the real estate investment trust’s stock, valued at approximately $148,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in shares of RPT Realty during the 1st quarter worth approximately $46,000. Federated Hermes Inc. lifted its holdings in RPT Realty by 812.0% during the 1st quarter. Federated Hermes Inc. now owns 5,463 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 4,864 shares during the last quarter. Schroder Investment Management Group lifted its holdings in RPT Realty by 47.8% during the 4th quarter. Schroder Investment Management Group now owns 7,418 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 2,399 shares during the last quarter. Van ECK Associates Corp lifted its holdings in RPT Realty by 15.1% during the 1st quarter. Van ECK Associates Corp now owns 7,499 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 982 shares during the last quarter. Finally, Raymond James & Associates acquired a new stake in RPT Realty during the 1st quarter worth approximately $160,000. 97.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RPT shares. 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 report on Thursday, September 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on RPT Realty from $17.00 to $14.00 in a report on Monday, July 11th. Credit Suisse Group started coverage on RPT Realty in a report on Wednesday, June 22nd. They issued an “outperform” rating and a $13.00 price objective for the company. StockNews.com raised RPT Realty from a “sell” rating to a “hold” rating in a report on Monday, September 12th. Finally, Jefferies Financial Group cut RPT Realty from a “buy” rating to a “hold” rating and dropped their price objective for the company from $16.00 to $10.00 in a report on Thursday, June 30th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, RPT Realty has an average rating of “Moderate Buy” and a consensus target price of $12.50.

RPT Realty Trading Down 1.4 %

Shares of RPT opened at $9.15 on Tuesday. RPT Realty has a 52-week low of $8.95 and a 52-week high of $14.99. The business’s fifty day moving average is $10.16 and its 200-day moving average is $11.49. 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 firm has a market cap of $778.77 million, a price-to-earnings ratio of 35.19, a PEG ratio of 1.10 and a beta of 1.50.

RPT Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Tuesday, September 20th will be given a dividend of $0.13 per share. The ex-dividend date is Monday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 5.68%. RPT Realty’s dividend payout ratio is currently 200.01%.

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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Institutional Ownership by Quarter for RPT Realty (NYSE:RPT)

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