Shares of RPT Realty (NYSE:RPT – Get Rating) hit a new 52-week low during trading on Tuesday . The stock traded as low as $8.92 and last traded at $8.94, with a volume of 380 shares. The stock had previously closed at $9.15.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Credit Suisse Group started coverage on shares of RPT Realty in a report on Wednesday, June 22nd. They issued an “outperform” rating and a $13.00 price objective on the stock. Mizuho downgraded shares of RPT Realty from a “buy” rating to a “neutral” rating and cut their target price for the stock from $12.00 to $11.00 in a research note on Tuesday, August 16th. KeyCorp cut their target price on shares of RPT Realty from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft cut their target price on shares of RPT Realty from $17.00 to $14.00 in a research note on Monday, July 11th. Finally, Jefferies Financial Group downgraded shares of RPT Realty from a “buy” rating to a “hold” rating and cut their target price for the stock from $16.00 to $10.00 in a research note on Thursday, June 30th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, RPT Realty currently has an average rating of “Moderate Buy” and a consensus price target of $12.50.
RPT Realty Trading Down 3.0 %
The company has a 50-day moving average price of $10.12 and a 200-day moving average price of $11.45. The firm has a market capitalization of $736.21 million, a price-to-earnings ratio of 33.27, a PEG ratio of 1.08 and a beta of 1.50. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.94 and a current ratio of 0.94.
RPT Realty Announces Dividend
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in RPT. Point72 Hong Kong Ltd acquired a new position in shares of RPT Realty during the 2nd quarter worth about $29,000. Captrust Financial Advisors purchased a new stake in shares of RPT Realty in the 2nd quarter valued at about $42,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of RPT Realty in the 1st quarter valued at about $46,000. KBC Group NV purchased a new stake in shares of RPT Realty in the 2nd quarter valued at about $64,000. Finally, Federated Hermes Inc. lifted its holdings in shares of RPT Realty by 812.0% in the 1st quarter. Federated Hermes Inc. now owns 5,463 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 4,864 shares during the last quarter. 97.46% of the stock is owned by institutional investors and hedge funds.
RPT Realty Company Profile
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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